JPMorgan Chase Earnings – Will They Beat the Street Again?
Posted: October 13th, 2009 | Author: admin | Filed under: Current News | 2 Comments »JPMorgan Chase will report third quarter earnings tomorrow and the financial giant is expected to report 49 cents a share. If they can top estimates this will be six consecutive quarters in which JPM has beaten the street. Over the last three months the stock is up over 30% with the credit crisis fears diminishing. Last quarter, JPMorgan Chase greatly exceeding analysts expectations as they beat estimates by 23 cents per share.
CEO Jamie Dimon is often thought of as one of the top CEOs on Wall Street and is loved by several media outlets. There is little doubt that every Wall Street CEO has made many mistakes over the last year but it seems that Dimon has avoided the death knell that many other Fortune 500 CEOs have made. With this in mind, one must wonder if JPMorgan Chase will continue their estimated long term growth of 12%.
With JPMorgan Chase being considered on of the strongest United States banks we must question if it is a strong investment for the short term and/or long term. JPM will be the first large bank to report third quarter results and could have a great influence on the overall direction of the stock market. The commentary we hear during the conference call may help us to better predict if the recession is truly over. Make sure to return to Subprime Blogger to get your JPMorgan Chase earnings analysis.
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Author: Jesse Wojdylo
Of course they will out perform. They have WaMu’s gains to thank for it too.
“CEO Jamie Dimon is often thought of as one of the top CEOs on Wall Street and pays off several media outlets.”
There. Corrected it.