JPMorgan results consensus adjusted

One could say that JPMorgan Chase has suffered reputational damage over the past few years and the fall-out from the London whale trade is still quite fresh in the memory of the investor.

We may have reached the point where the bank can put these difficult times behind it, not least owing to the fact that it has paid its dues for its many indiscretions. In the January quarter, legal expenses and settlement bills came to $21 billion.

Due the decline in capital markets the New York-based bank has seen, and is likely to still encounter, barriers to increasing its earnings. The company is currently trading at $59.23, 2.6% higher since the bank reported fourth-quarter results for 2013 in January, when it announced $1.30 earnings per share, missing the Thomson Reuters consensus estimate of $1.33 by $0.03, and revenue of $23.20 billion, compared to the consensus estimate of $23.81 billion.

JPMorgan will release first-quarter results for 2014 on Friday at midday and hopes to build on that January performance. The intention to pay off dividends of $1.60 per share, providing a yield to 2.7% and a premium over and above that of the broader market, should sit well with investors.

Earnings per share of $1.37 are now expected, with revenue of $24.48 billion and adjusted net income of $5.44 billion. Any beating of the expectations could put see the stock in demand and see the price head northwards through the $61.80 mark.
 

JPMorgan is available for extended hours trading. Here is a list of US stocks that can also be traded outside New York Stock Exchange trading hours of 2.30pm to 9pm (London time).

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