Mark Holder
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Mark Holder in Out Fox The $treet,

Will JPMorgan Chase Print A Bad Quarter?

The market is focused on whether JPMorgan Chase (JPM) will print a bad quarter when the large financial reports Q1 results before the market opens on April 13. The better question is whether it will matter. 

The market already forecasts an EPS below the $1.45 earned last year. Also, the estimate is down from expectations up at $1.54 90 days ago. 

The numbers though don't matter as the bank trades at only 10x lowered EPS estimates during a tough market for banks. Not to mention, the stock now trades slightly below book value. The quarter will be bad from a performance level, but the stock is already priced for all but another financial crisis. 

Relax, go for a boat ride and don't sweat this earnings report!

Disclosure: No position