This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Two Market-Moving Banks Report: How They Compare

Stocks in this article: BACJPMWFCUSBC

NEW YORK ( TheStreet) -- Banks are always in the news, and this week features earnings reports from two leading financial powerhouses.

Any surprises by either can move the entire market, so we will have double the chance of a market event.

J.P. Morgan Chase (JPM)

Background: J.P. Morgan is a leading global financial services firm. The company was founded in 1823 and is headquartered in New York City. It trades an average of 48.7 million shares per day and has a market cap of $130.9 billion.

52-week high: $46.27, 52-week low: $28.38, book value: $49.64

J.P. Morgan is expected to report weak second-quarter earnings before the market opens Friday. The consensus estimate is currently 85 cents a share, a decline of 42 cents (33.1 percent) from $1.27 during the same period last year.

Analysts as a whole like this company. Currently, JPM has 17 "buy" recommendations out of 24 analysts covering the company, five "holds" and two recommend selling.

Thirteen out of 24 analysts now rate JPM a "strong buy," down from 14 analysts a month ago. Compared to three months ago, fewer analysts are rating this company as a strong buy.

Shareholders have not been rewarded for their patience. Shares have fallen 16.8 percent in the last year, and the average analyst target price for JPM is $46.50.

The trailing 12-month price-to-earnings ratio is 7.6, the mean fiscal-year estimate price-to-earnings ratio is 7.97 based on earnings of $4.31 per share this year. Investors are receiving $1.20 in dividends for a yield of 3.49 percent.

For the same fiscal period year-over-year, revenue has improved to $102.69 billion in the last fiscal year compared to $100.43 billion in the previous year. The bottom line has rising earnings year-over-year of $17.37 billion in the last fiscal year compared to $11.73 billion in the previous year.

The closing price before JPM's previous earnings release on April 13 was $44.84. Shares fell $1.63 (3.6%) after the earnings, and have continued to fall. Since the last earnings release, JPM is down $10.84 (24%). In the last month the stock has climbed 4.79%.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,792.23 +114.33 0.69%
S&P 500 1,960.42 +9.60 0.49%
NASDAQ 4,470.0750 +17.2830 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs