JPMorgan Chase & Co. (NYSE:JPM) shares are in the spotlight, with earnings on deck, trading and investment banking results in focus and recent analyst activity all drawing attention.
- JPMorgan Chase shares are consolidating. What’s next for JPM stock?
Earnings Preview & History
JPMorgan Chase is scheduled to report third-quarter earnings on Oct. 13 before the market opens. Analysts estimate EPS of $5.82 along with revenue of $51.21 billion. For the prior quarter, JPMorgan reported EPS of $6.14, beating the consensus estimate of $5.79. The company also posted revenue of $58.02 billion, beating the consensus estimate of $50.19 billion.
What to Expect: Trading, Investment Banking and 2026 Guidance
Investors will be closely tracking trading and investment banking results. JPMorgan Co-President Doug Petno said at a Barclays conference on Sept. 15 that both trading revenue and investment banking fees should rise by a percentage in the mid-to-high teens in the third quarter. Bank of America, by contrast, has said it expects investment banking fees to fall roughly 10%. A gain like Petno’s would build on a second quarter in which Markets revenue rose 35% to $12.1 billion, led by an 86% jump in equities, and investment banking fees rose 30% to $3.3 billion.
Full-year guidance will also be in focus after JPMorgan raised its 2026 outlook last quarter, including net interest income of about $105.5 billion, adjusted expense of about $107.5 billion and a card net charge-off rate of about 3.2%. Any change to those figures, especially on expenses and credit, will be closely scrutinized. The bank also faces a tough comparison against last year’s third quarter, when it reported EPS of $5.07.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $369.14. Recent analyst moves include:
- UBS: Buy (Lowers Target to $395.00) (Oct. 5)
- HSBC: Hold (Raises Target to $377.00) (Sept. 28)
JP Morgan Chase Shares Trade Flat
JPM Price Action: At the time of publication, JP Morgan shares are trading 0.35% higher at $333.55, according to data from Benzinga Pro.
Image via Shutterstock