JPMorgan Chase & Co. (JPM) Stock Sinks As Market Gains: Here's Why

JPMorgan Chase & Co. (JPM) closed at $245.03 in the latest trading session, marking a -0.11% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.6%.Heading into today, shares of the company had gained 8.85% over the past month, outpacing the Finance sector's gain of 3.06% and the S&P 500's gain of 1.06% in that time.The investment community will be closely monitoring the performance of JPMorgan Chase & Co. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $3.81, reflecting a 4.03% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $40.28 billion, up 4.41% from the year-ago period.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.62 per share and a revenue of $174.79 billion, indicating changes of +8.56% and +10.56%, respectively, from the former year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.57% upward. JPMorgan Chase & Co. is currently a Zacks Rank #3 (Hold).In the context of valuation, JPMorgan Chase & Co. is at present trading with a Forward P/E ratio of 13.92. For comparison, its industry has an average Forward P/E of 17.01, which means JPMorgan Chase & Co. is trading at a discount to the group.Investors should also note that JPM has a PEG ratio of 3.56 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.48 based on yesterday's closing prices.The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks