JPM-JP Morgan Earnings Report 4-13-18

JPM-JP Morgan Chase

JP Morgan Chase earnings scheduled

JPMorgan Stock Stuck in Neutral Ahead of Earnings

Dow component JPMorgan Chase & Co. (JPM) fires the opening shot of first quarter earnings season in Friday’s pre-market, with the banking giant expected to report earnings per share of $2.29 on $27.7 billion in revenues.

The bank beat expectations in the fourth quarter but missed on revenues, with Wall Street analysts once again overestimating the impact of U.S. economic strength on the banking sector.

investopedia.com/jpmorgan-earnings/

Big Banks Kick Off Earnings Season With JP Morgan

Q1 earnings season is kicking off this week with JP Morgan, Wells Fargo and Citigroup set to report before the open on Friday, April 13.

On a broader level, business conditions have been good for many of the banks. Economic growth in the U.S. and abroad has accelerated in recent quarters, U.S. tax reform was passed, interest rates have ticked higher, and Congress and regulators continue to work on deregulating aspects of the financial industry.

When JP Morgan reports, it is expected to report adjusted EPS of $2.28, up from $1.54 in the prior-year quarter, on revenue of $27.5 billion, according to third-party consensus estimates. Between tax reform and other factors, estimates are high for JP Morgan.

forbes.com/earnings-jp-morgan

JPM JP Morgan Chart Before Earnings 4-13-18

JPM JP Morgan Chart Before Earnings 4-13-18

Trading Lesson of the Day

Stocks to Trade Friday Edition 4-13-18

MOMENTUM

Bullish Momentum: WYNN, INTC, NOV, BHGE, CAR, SLCA

Bearish Momentum: momo, yndx, lb, well, cah, len, tsla, cbs

Double Normal Volume: CBI, YNDX, HLT, CLDR, FAST

Inside Days: ebay, nflx, aal, tjx, ual, jci, low, azn, apa, hd, mchp, cci, bidu, trip

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 4-13-8

SPY ETF Chart 4-13-8

HEADLINE NEWS

A Trade War Could Leave Investors With Few Places to Hide
https://www.nytimes.com/2018/04/13/business/a-trade-war-could-leave-investors-with-few-places-to-hide.html

Comey book blasts Trump as ‘unethical’ liar who operates like a mob boss
https://www.marketwatch.com/story/comey-book-blasts-trump-as-unethical-liar-who-operates-like-a-mob-boss-2018-04-12

Zuckerberg Apology Tour Calms Nerves But Facebook Price Target Lowered
https://www.investors.com/news/technology/facebook-stock-zuckerberg/

Goldman Sachs Raises Netflix Price Target Ahead Of Q1 Print
https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11502915/goldman-sachs-raises-netflix-price-target-ahead-of-q1-p

The US Fading Into Irrelevance – A Good Thing For The World?
https://www.zerohedge.com/news/2018-04-12/us-fading-irrelevance-good-thing-world

Stock Market Sector Performance

Stock Market Sector Performance 4-13-18

Stock Market Sector Performance 4-13-18

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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