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Earnings To Watch: JPMorgan Chase (JPM) Reports Q1 Results Tomorrow

JPM Cover Image

Global financial services giant JPMorgan Chase (NYSE: JPM) will be reporting results this Tuesday before market hours. Here’s what to look for.

JPMorgan Chase met analysts’ revenue expectations last quarter, reporting revenues of $46.77 billion, up 6.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and tangible book value per share in line with analysts’ estimates.

Is JPMorgan Chase a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting JPMorgan Chase’s revenue to grow 7.5% year on year, in line with the 8.1% increase it recorded in the same quarter last year.

JPMorgan Chase Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JPMorgan Chase has a history of exceeding Wall Street’s expectations.

With JPMorgan Chase being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.5% on average over the last month. JPMorgan Chase is up 8.3% during the same time .

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