JPMorgan Chase & Co. ($JPM) Earnings (Q1 FY22)

 JPMorgan Chase & Co ($JPM) Earnings and Opinion:


JPMorgan Chase & Co ($JPM) is a company in the Financial Services sector and operates in the Banks-Diversified industry. The company operates as a financial services company worldwide. JPMorgan Chase was founded in 1799 and is currently headquartered in New York, New York. The company was first trade on the stock market in 1978.

JPMorgan Chase & Co EPS and Revenue (Q1 FY22):

  • EPS of $2.63 missing expectations of $2.73
  • Revenue of $30.7B beating expectations of $30.46B
  • EPS was down 42% (YOY) and Revenue was down 5% (YOY)
JPMorgan Chase & Co Important Metrics:
  • $524M loss after pull out from Russia
  • $1.7T of liquidity sources
  • Average loans up 5% and average deposits up 13%
JPMorgan Chase & Co Dividend Information:
  • Common Dividend of $3B, $1.00 per share
  • $1.7B in common stock net repurchases
  • New share repurchase program of $30B
Opinion:
JPMorgan Chase & Co is currently declining during trading today after reporting earnings before the market opened this morning. The company reported EPS and Revenue lower than the same time last year. This blame has been put a lot on economic factors such as war and inflation. JPMorgan Chase decided to pull its business from Russia, and that has accumulated a $524M loss already. The company is also seeing a bunch of problems arise from inflation. The CEO even came out and said it will be a difficult time and that the market will remain volatile for a while. This is an interesting take on the earnings because this is the first bank to report earnings. It will be interesting to see if the other banks also see a drop in profit, or if Chase is an outlier. The company is flirting with a 52 week low point, this could mean either a good or bad thing for investors. I personally see it as a good thing, Chase has been around long enough that they will recover and get back to normalcy. It will also be interesting to see how the interest rate hikes affect the business, will they be able to generate more profit, or will they suffer from less people taking out loans at the high rates. This company is in a position that the overall market is, they are facing some uncertainty. While this uncertainty is lingering though, I can see this as a golden opportunity to pick up this stock. They pay out a fairly decent dividend for income collectors, as well as they are trading at a reduced price currently. Chase has a lot of room for upside and will most likely increase that dividend over time while they increase their profit levels.


*Information from Yahoo Finance, JPMorgan Chase & Co, Nasdaq
*Estimates from Zacks

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