Earnings Preview: What To Expect From JPMorgan Chase On Friday

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JPMorgan Chase & Co.
JPM
It is scheduled to report earnings before Friday’s open. In 2021, the stock hit a record high of $172.96 in 2021 and is currently trading near $169. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock could easily slide down. To help you prepare, Street is looking forward to:

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Earnings Preview:

The company expects to report earnings of $3.01/share on $29.71 billion in revenue. Meanwhile, the so-called whisper number is a profit of $3.30/share. The Whisper number is the Street’s unofficial outlook on earnings.

A closer look at the fundamentals:

The company’s earnings grew well after the low level of Kovid-19 in March 2020. Going forward, investors want to see if this growth can continue or if earnings will start to slow down.

A closer look at the tech:

The stock is just below resistance (record high 172.96) and a good move above that level will trigger a new technical buy signal. The stock is trading in the upper reaches of a very long consolidation and is just a few points away from reaching its latest record high. Bulls heavily want to see the stock jump above resistance.

Pay attention to how the stock reacts to the news,

From where I sit, the most important feature I look for during earnings season is how the market and a specific company react to the news. Remember, always keep your losses small and never argue with tape.

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