JPMorgan Expected to Beat Q4 Revenue Expectations, But Stock Looks Overpriced

JPMorgan Expected to Beat Q4 Revenue Expectations, But Stock Looks Overpriced

is expected to release its results for the fourth quarter of fiscal 2020 on Friday, January 15. We expect JPMorgan to beat consensus estimates for earnings, as earnings are likely to be slightly below expectations. The diversified banking giant’s revenue has benefited in the first three quarters of 2020 due to its strength in the sales and trading and investment banking business, and we expect the same trend will boost fourth quarter 2020 results. Our interactive dashboard contains additional details on our forecast for the bank’s income and profit for the quarter and full year 2020. That said, we believe JPMorgan’s stock is currently somewhat overvalued. Our forecast says it’s around $ 116 per share, which is 17% below the current market price of around $ 140. There are 3 key factors behind our conviction:

Highlights

  • According to Forbes, “JPMorgan is likely to beat fourth quarter revenue expectations, but the stock looks overvalued.”
  • That said, we believe the JPMorgan stock is currently somewhat overvalued. Our forecast says it’s around $ 116 per share, which is 17% below the current market price of around $ 140. There are 3 key factors behind our conviction:

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