Without question, JPMorgan Chase (JPM), which reports second-quarter fiscal 2021 earnings results before the opening bell Tuesday, has established a well-deserved reputation as being the best-executing bank not only among its peer group but one of the best-run banks in the world. Driven by ongoing investments in technology and marketing, the bank’s share price has outperformed its competitors over the past six months and twelve months. That said, with the stock trading almost 20% higher than pre-pandemic levels, all of this good news I’ve just listed are known by the market, evidenced by the 22.6% year-to-date rise in JPMorgan stock, compared to 16% rise in the S&P 500 index.
JPMorgan, the bank has said it planned to increase its quarterly dividend to $1 per share, up from 90 cents, in the third quarter. But with its status as the nation’s largest bank by deposits and revenue, investors will want to know what additional catalysts, near term or long term, will drive JPM stock higher, particularly in this low-interest-rate environment. That is one of the questions investors will want to be answered on Tuesday. For the three months that ended June, analysts expect the New York-based bank to earn $3.17 per share on revenue of $30.02 billion. This compares to the year-ago quarter when earnings came to $1.38 per share on revenue of $30.29 billion. For the full year, ending in December, earnings are projected to rise 48.6% year over year to $13.20 per share, while full-year revenue of $121.02 billion would decline 1.6% year over year.
JPMorgan Long (Buy)
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