JPMorgan Chase will report its Q3 results ahead of tomorrow's opening bell, followed by the management's conference call at 8:30 ET.

The Capital IQ consensus expects the banking giant to report a 16.4% yr/yr drop in EPS to $2.24 on a 4.2% yr/yr dip in revenue to $28.12 bln.

On Sept. 15, the company lowered its FY20 net interest income guidance to $55 bln from prior guidance of $56 bln.

Investors will be watching loan performance and credit loss provisions

Last quarter the company announced suspension of repurchases at least through the end of 3Q208; affirmed payment of their quarterly dividend of $2.8 billion, or $0.90 per share.

TECHS:

Based on the October $102 straddle, the options market is pricing in a move of approximately 4% in either direction by October expiration (Friday).

JPMorgan Chase trades at 12.6x forward earnings expectations, which represents a premium to Citigroup (C at 9.6x) and a discount relative to Bank of America (BAC at 13.6x) and Wells Fargo (WFC at 17.1x).

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