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JPM
Jan 15, 2021, 11:45 AM GMT
#Stocks

Will JPMorgan's Bullish Run Be Derailed After the Earnings Data Release?

The biggest bank in the U.S. is scheduled to release quarterly earnings data for Q4 of 2020 today before the market open. JPMorgan Chase's stock currently finds itself on an 8-days long bullish run ahead of today's numbers, which begs the question of just how much longer could this run be extended before a correction takes place?

The consensus market forecasts expect JPMorgan to deliver Earnings Per Share of $2.72, which would exceed marginally the $2.57 EPS that were reported for the same period a year earlier. These forecasts for solid trading revenue growth are based on the fact that trading activity picked up significantly over the second part of 2020, which affected the bank's business operations positively. This process correlated to higher prices in December, driven by higher rates of spending and investment in the U.S.

Nevertheless, JPMorgan's quarterly performance is threatened by the worsening epidemic at that time, in conjunction with the worse-off employment conditions that were observed in December. Moreover, the biggest impediment for the company's revenue growth are the low yields in the U.S., which have had such a devastating impact on the greenback in the latter part of 2020.

Profit & Loss
Short Term Long Term Net % Gains
+ - + -
N / A N / A 11.07 USD 0
7.85%
Short Term
+ -
N / A N / A
Long Term
+ -
11.07 USD 0
Net % Gains
7.85%

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