Earnings Preview: JPMorgan Chase Reports Results Friday

| About: JPMorgan Chase (JPM)

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to release last fiscal quarter's results before the opening bell on January 13, 2012.

JPM trades an average of 33.8 million shares per day.

52 Week High: $48.36

52 Week Low: $27.85

Book Value: $47.98

Float Short: 0.89%

On average, analysts are expecting a drop of $-0.10 in earnings per share compared to last quarter's results of $1.02. A beat of $0.92 per share will top the estimated mean earnings.

JPMorgan has a history of beating earnings for over a year now. With Europe in crisis and the continuing softness in North America it will be impressive if the report is over $1.00

The chart is closing in on the 200 day moving average of $37.45. I expect this major moving average to be a challenge to get over, especially on the first attempt. If JPMorgan misses, it could get ugly with the run up in price over the last couple of weeks.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Sep-11 $ 23.40 B $ 24.37 B $ 968.20 M 4.14%
Jun-11 $ 25.13 B $ 27.41 B $ 2.28 B 9.07%
Mar-11 $ 25.23 B $ 25.79 B $ 565.00 M 2.24%
Dec-10 $ 24.19 B $ 26.72 B $ 2.53 B 10.46%
Sep-10 $ 24.76 B $ 24.34 B $ -422.00 M -1.7%
M = millions, B = billions

Differences are rounded. (Some one-time items are often excluded in reported EPS.)

paid2trade.com Quarterly Estimates And Actual EPS results JPM

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for JPM.

paid2trade.com short interest tool. The total short interest number of shares for JPM

The number of days to cover short interest based on average daily trading volume for JPM.

paid2trade.com number of days to cover short interest based on average daily trading volume for JPM

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I use a proprietary blend of technical analysis, financial crowd behavior and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Tagged: , Money Center Banks, Earnings
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