As the earnings season has just kicked off, we are now hailing some of the first reporters, which are the major banks. Quarterly performance is just one issue, and investors might want to pay more attention to what the banks have to say about the looming Federal Reserve rate hikes. Note that these are not all the sector players with earnings reports; this week will be full of regional and other financial stocks.
24/7 Wall St. has put together a preview of some of the major financial companies reporting their quarterly results this week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
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Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
JPMorgan Chase & Co. (NYSE: JPM) will release its most recent quarterly results Tuesday. The consensus estimates are $1.37 in earnings per share (EPS) on $23.72 billion in revenue. This stock trades at a very low 10.6 times estimated forward earnings. JPMorgan is expected to benefit from commercial loan growth and an upturn in capital spending. Wall Street analysts agree that the stock seems attractively valued on 2015 estimated price to earnings and a very solid price-to-book value. Some on Wall Street have cautioned that last year’s divestiture of the physical commodities business could provide an earnings...