Will JPM fail to deliver for the Second Straight Time???
Last qtr JPM broke a long streak of strong upside surprises on earnings day, when it reported only inline earnings.
JPM Preview: Setting the Tone?
By Scott Rothbort
About this article:
JPMorgan Chase is going to kick off a string of money center bank earnings when it reports first-quarter results on Thursday before the market opens. If you recall, last quarter all of these banks rushed to get their earnings out before another round of announcements from the Treasury and Federal government. The company is expected to deliver earnings of 32 cents per share, which is just under half of the EPS of 68 cents from year ago and significantly less than the 54-cent consensus just 90 days ago, on $22.95 billion in revenue. It is worth noting that JPMorgan Chase has had a nice string of positive earnings surprises (although fourth quarter 2008 was right on consensus estimates).