Can JPMorgan Beat and Raise? Will Markets React?

Tomorrow morning we’ll hear from JPMorgan ($JPM).  There seems to be quite a bit more attention than usual surrounding this particular report.  I don’t get it.

The banks in general have been absolutely meaningless to this market, they have been a complete no-show in the rally.  The XLF (bank ETF) is up 3% year-to-date – and up only 3.85% year-over-year.  I’m falling asleep just thinking about this group.

Raymond James seems to think that if JP can beat-and-raise, the banks may begin to make a positive contribution to the overall markets.  Matt Phillips at MarketBeat picks up their recent comments:

“We believe that we may be entering into a new phase – that we may have reached an inflection point where the ‘buy the rumor, sell the news’ phase is gone and is replaced with a ‘beat-and-raise’ trend, which could lead to strength in stock price performance as we review quarterly results.”

Let’s look at the expectations…

Analysts are looking for .64 cents in EPS on $25.48 billion in revs.  Of the 33 analysts covering it, 85% are carrying buy ratings.  Most of the published price targets are mid 50’s, the stock went out just under $47.  I’m not sure the report will matter all that much, the market remains fixated on the action in materials and techs…but we shall see.

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. EatVerts commented on Sep 14

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]

  2. THC Concentrates for Sale commented on Sep 23

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]

  3. Buy gun optics online commented on Oct 14

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]

  4. 안전놀이터 commented on Oct 18

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]

  5. scotiabank online banking commented on Nov 30

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]

  6. wigs commented on Jan 15

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/04/12/can-jpmorgan-beat-and-raise-will-markets-react/ […]