JPMorgan Chase & Co. (JPM) Beats Stock Market Upswing: What Investors Need to Know

JPMorgan Chase & Co. (JPM) closed at $317.26 in the latest trading session, marking a +2.31% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.21%. On the other hand, the Dow registered a gain of 1.35%, and the technology-centric Nasdaq decreased by 0.26%. Shares of the company have depreciated by 3.21% over the course of the past month, underperforming the Finance sector's gain of 1.99%, and the S&P 500's gain of 0.89%.The investment community will be closely monitoring the performance of JPMorgan Chase & Co. in its forthcoming earnings report. The company is predicted to post an EPS of $4.93, indicating a 2.49% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.39 billion, indicating a 6.14% increase compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.28 per share and a revenue of $182.45 billion, representing changes of +2.68% and +2.76%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for JPMorgan Chase & Co. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Currently, JPMorgan Chase & Co. is carrying a Zacks Rank of #3 (Hold). Looking at its valuation, JPMorgan Chase & Co. is holding a Forward P/E ratio of 15.3. This indicates a discount in contrast to its industry's Forward P/E of 18.19. It is also worth noting that JPM currently has a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Financial - Investment Bank industry stood at 1.17 at the close of the market yesterday. The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks