JPMorgan Chase Expected to Post Earnings Growth in Q4, Market Response Positive
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- Strong Economic Signals: The U.S. unemployment rate fell to 4.4% in December, indicating signs of economic recovery, which sets a positive tone for the upcoming corporate earnings season.
- JPMorgan Performance Expectations: Analysts anticipate slight earnings growth for JPMorgan this quarter compared to last year, and despite a warning on rising expenses last month, market sentiment remains optimistic as risks are perceived to be mitigated.
- Overall Banking Sector Performance: Several major banks, including JPMorgan and Citigroup, are set to report earnings this week, with expectations that they will continue to exceed market forecasts, further confirming the health of the economy.
- Delta Airlines Outlook: Delta Airlines is expected to face a significant year-over-year earnings decline, but analysts remain optimistic about its future performance, raising the price target to $85, suggesting an upside of about 17%.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on BAC
Wall Street analysts forecast BAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAC is 61.17 USD with a low forecast of 55.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
14 Buy
4 Hold
0 Sell
Strong Buy
Current: 51.810
Low
55.00
Averages
61.17
High
71.00
Current: 51.810
Low
55.00
Averages
61.17
High
71.00
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Federal Reserve Holds Rates Steady, Market Reaction Muted
- Fed Policy Stability: The Federal Reserve decided to keep its key interest rate unchanged at its latest meeting, despite some committee members advocating for a rate cut, indicating potential shifts in future monetary policy.
- Meta's Strong Earnings: Meta's stock surged over 8% in after-hours trading following a fourth-quarter earnings report that exceeded expectations, although its Reality Labs unit reported an operating loss of $6.02 billion, highlighting the strategic significance of its AI investments.
- Tesla Sales Decline: Tesla reported stronger-than-expected earnings for the fourth quarter but marked its first annual sales decline, with CEO Elon Musk announcing the discontinuation of Model S and X production to pivot towards Optimus robots, reflecting the necessity of strategic transformation.
- Dollar Index Recovery: The dollar index regained some ground after Treasury Secretary Bessent dismissed reports of U.S. currency market intervention, despite having fallen over 10% in the past year, indicating market concerns about the dollar's future trajectory.
Continue Reading
Federal Reserve Holds Rates Steady, Market Reaction Muted
- Fed Policy Stability: The Federal Reserve's decision to keep key interest rates unchanged reflects a stable economic outlook, with Chair Powell noting a
Continue Reading