JP Morgan announce quarterly earnings pre-market tonight (Bloomberg suggests this could be 21:00 AEST) and the market is looking for good numbers to arrest the...

Chris Weston

Pepperstone

JP Morgan announce quarterly earnings pre-market tonight (Bloomberg suggests this could be 21:00 AEST) and the market is looking for good numbers to arrest the heavy selling we saw overnight. Valuation is not overly stretched, with the financial giant trading on 9.9x 2014 adjusted earnings. Consensus is for Q1 EPS of $1.46 (range of $1.37 to $1.53), on revenue of $24.5 billion. Trading revenue is expected to increase 28% on the month to $5.2 billion.


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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