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JPMorgan Chase (JPM) Q2 Earnings Report Preview: What To Look For

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Global financial services giant JPMorgan Chase (NYSE: JPM) will be announcing earnings results this Tuesday before the bell. Here’s what to expect.

JPMorgan Chase beat analysts’ revenue expectations last quarter, reporting revenues of $50.54 billion, up 9.8% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ tangible book value per share estimates.

Is JPMorgan Chase a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting JPMorgan Chase’s revenue to grow 12.4% year on year, a reversal from the 10.4% decrease it recorded in the same quarter last year.

JPMorgan Chase Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. JPMorgan Chase has a history of exceeding Wall Street’s expectations.

With JPMorgan Chase being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.2% on average over the last month. JPMorgan Chase is up 5.5% during the same time .

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