JP Morgan Chase & Co is expected to release its results before Friday’s opening. The stock just hit a record $ 141.66 / share. The stock is prone to big moves after declaring profit and can easily deviate if the numbers are strong. Conversely, if the numbers are disappointing, the stock can easily go down. To help you prepare, here’s what the streets are waiting for: JP Morgan Chase & Co is expected to earn $ 2.72 / share on $ 28.18 billion in revenue. Meanwhile, the so-called Whisper Number is $ 2.74. The Whisper figure is the unofficial street take on income. Basically, the stock’s price / earnings (P / E) ratio is 18, which is not considered expensive by most investors. In Q3 2020, profits were up 9% while revenues were down 15% from Q3 2019. To put Q4 2020 in perspective, let’s compare it to Q4 2019. In Q4 2019, the company gained 2 , $ 57 / share on $ 34 billion in revenue.
- According to Forbes “Profit Snapshot: What to Expect from JP Morgan Chase & Co. Friday”.
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