JPMorgan Chase (JPM ) will report its Q2 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 59.6% yr/yr drop in EPS to $1.14 on a 4.8% yr/yr increase in revenue to $30.23bln.

While markets have rebounded quickly, the real economy will take more time to recover. Because of this, investors will be eager to see if the bank increases its provision for loan losses.

JPM is a read through to business banking which can be a tell for the overall economy. Investors will look to see how JPM’s NIM (Net Interest Margin) held up during these difficult times. Jamie Dimon is one of the most respected CEO’s on Wall Street so any insight on the conference call should be paid attention to.

TECHS:

JPMorgan Chase trades at 13.4x forward earnings expectations, which represents a premium to:

Bank of America (BAC 24.24, +0.22, +0.9%)

Citigroup (C 52.88, +0.23, +0.4%)

This is a discount relative to Wells Fargo (WFC 25.63, +0.16, +0.7%).

If you liked this content please click the ❤️ below and/or share this post.

TOTALLY FREE Trading Packet!

Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.

This packet will explain to you in depth how I trade and how I manage my risk.

I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.

SHAMLESS PLUGS

CLICK HERE TO CHECK OUT MY 2020 PREVIEW OPINION PACKET. OVER 140 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.

Check out the latest episodes on my YouTube and SoundCloud channels below.