Dimon Hands (JPM Earnings)
JPMorgan Chase (JPM) will report Q1 earnings before the market opens tomorrow
Current Cap IQ Consensus estimates Q1 adj.
EPS of $ 2.93 (vs $ 0.88 last year) on revs of $30.49 bln, +4.9% Y/Y
TECHS:
Despite smashing Q4 estimates, the previous report resulted in an 8-day selloff from 140 to 130. Since then, shares have floated back to the 150 level and are trading around 155 level heading into tomorrow's report.
JPM has a $470 bln market cap and trades at 14x forward earnings estimates vs peers Citigroup (C 9.7x), Bank of America (BAC 15.5x), and Wells Fargo (WFC 14.5x).
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