JPMorgan Chase Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component JPMorgan Chase & Co. (NYSE:JPM) will unveil its latest earnings on Thursday, July 14, 2011. J.P. Morgan Chase & Co. is a global securities, investment banking and retail banking firm with operations worldwide.

JPMorgan Chase & Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.21 per share, a rise of 11% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.19. Between one and three months ago, the average estimate moved up, but has dropped from $1.22 during the last month. For the year, analysts are projecting net income of $4.91 per share, a rise of 24% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 12 cents, reporting profit of $1.28 per share against a mean estimate of net income of $1.16 per share.

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Wall St. Revenue Expectations: On average, analysts predict $25.22 billion in revenue this quarter, a decline of 1.5% from the year ago quarter. Analysts are forecasting total revenue of $100.58 billion for the year, a decline of 4.1% from last year’s revenue of $104.84 billion.

Analyst Ratings: Analysts are bullish on this stock with 23 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 67% while it rose 47.4% in the fourth quarter of the last fiscal year and 23.1% in the third quarter of the last fiscal year.

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 6.6% to $28.76 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 12.1%.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), U.S. Bancorp (NYSE:USB), SunTrust Banks, Inc. (NYSE:STI), UBS AG (NYSE:UBS), and KeyCorp (NYSE:KEY).

Stock Price Performance: During April 11, 2011 to July 7, 2011, the stock price has fallen $5.25 (-11.3%) from $46.57 on April 11, 2011 to $41.32 on July 7, 2011. The stock price saw one of its best stretches over the last year between March 23, 2011, and March 30, 2011, when shares rose for six-straight days, rising 1.9% (+84 cents) over that span. It saw one of its worst periods between May 19, 2011, and May 25, 2011, when shares fell for five-straight days, falling 3.9% (-$1.72) over that span. Shares are down 57 cents (-1.4%) year to date.

(Source: Xignite Financials)

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