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JPMorgan Chase share price: what to expect from Q1 results

The bank's Q1 earnings report could have large implications for other financial institutions.

When is JPMorgan Chase’s results date?

JPMorgan Chase will share its Q1 earnings report on April 12.

JPMorgan results preview: what does Wall Street expect?

Some Wall Street experts predict that JPMorgan’s Q1 results will be muted after a slowdown in mortgage refinancing and a global economic slowdown leading to a reduction in customer activities. Volatility in emerging markets could also impact JPMorgan Chase’s Q1 earnings.

The US Federal Reserve raising interest rates in December 2018 could possibly have helped JPMorgan Chase’s Q1 earnings, according to Zack’s Equity Research. However, the Fed pausing interest rates early this year could also have an adverse affect on JPMorgan Chase’s profits.

The month-long US government shutdown could cause a decline in JPMorgan Chase’s Q1 profits as well. The government shutdown likely delayed Chase’s underwriting the initial public offerings (IPO's) of companies in early 2019.

Because of the bank missing estimates in its last earnings report, bank experts are less bullish on JPMorgan Chase stock. Bank experts surveyed by Reuters predict that JPMorgan Chase’s Q1 earnings per share to fall by 2% to $2.37. They also estimate that JPMorgan Chase Q1 revenue will only grow slightly to $28.54 billion, an uptick of 0.10%.

How to trade JPMorgan Chase Q1 results

JPMorgan Chase expects to increase its expenses by 4% as it invests more in technology, especially its own digital coin. The increased expenses could cost $66 billion and negatively impact JPMorgan Chase’s Q1 earnings.

However, Zack’s Equity Research states that because of the 2018 corporate tax cuts passed by Congress, JPMorgan’s Q1 results could see growth because US banks received $9 billion as a result of the tax reduction.

JPMorgan Chase Q1 results could set the tone for other bank stocks

JPMorgan Chase Q1 profits could be a sign for other US financial institutions. If the largest US bank has a positive earnings report, JPMorgan Chase Q1 revenue could mean US banks have survived the volatility of Wall Street in 2018.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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