What to Expect When JPMorgan (JPM) Reports Q2 Earnings

JPMorgan (JPM) is scheduled to report its 2016 second quarter results before Thursday’s market open.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of JPMorgan Chase & Co. (JPM) - Get Report are up 1.41% to $63.15 midday Tuesday ahead of the financial holding company's 2016 second quarter results due out before Thursday's market open.

Wall Street is expecting the New York-based bank to report earnings of $1.43 per share on revenue of $24.2 billion.

During the same quarter last year, JPMorgan posted earnings of $1.54 per share on revenue of $24.5 billion.

Credit Suisse said its expectations for bank earnings "remain reasonable" for the second quarter.

The firm sees "decent revenue growth, easier sequential credit cost comparisons, and a focus on expense management ought to support achievability of forecast 5% quarter to quarter (-3% year over year) EPS growth. The bigger issue, as we see it, is the outlook beyond 2Q16."

JPMorgan stock is rising today as CEO Jamie Dimon said he would increase wages for thousands of employees.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

The company's strengths can be seen in multiple areas, such as its expanding profit margins and attractive valuation levels.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: JPM

Loading ...