Earnings Preview: What To Expect From JPMorgan Chase On Friday

JPMorgan Chase & Company JPM is scheduled to report earnings before Friday’s open. In 2021, the stock hit a record high of $172.96 in 2021 and is currently trading near $169. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

The company is expected to report earnings of $3.01/share on $29.71 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $3.30/share. The Whisper number is the Street's unofficial view on earnings.

A Closer Look At The Fundamentals:

The company’s earnings grew nicely after the March 2020 Covid-19 bottom. Going forward, investors want to see if that growth can continue or if earnings will begin to slow down.

A Closer Look At The Technicals:

The stock is perched just below resistance (record high 172.96) and a nice move above that level will trigger a new technical buy signal. The stock is trading in the upper half of a very long consolidation and it is only a few points from hitting fresh record highs. The bulls want to see the stock jump above resistance on heavy volume.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.