JP Morgan Estimates Shift Heading into Earnings

JP Morgan's stock price (NYSE: JPM) trades down 3.46% in this morning's pre-market, as earnings loom towards the end of this week. Analysts have recently updated their forecasts and ratings for the firm leading into the print on 11th April, revealing a mixed outlook. Seaport has adjusted its Q2 2025 earnings estimates for the financial giant, as J. Mitchell revised the estimate from $4.52 to $4.45 per share, signalling a slight decrease in expected earnings.

The consensus expectation on earnings is for an EPS of $4.65, coming on revenue of $44.05 billion. Taking a short snapshot of the prior 4 reports over the last year, and JP Morgan has beaten on both top and bottom lines on each occasion, setting up earnings season. The backdrop for this report is in sharp contrast to previous period's, with broader market sentiment shifting firmly bearish as tariffs continue to dominate, and the expectation for Fed rate cuts increase.

In another development, Truist Financial has revised its price target for JPMorgan Chase. The updated target has been lowered from $268 to $264, maintaining a “hold” rating. Meanwhile, Wolfe Research offered a more optimistic view by upgrading their rating from “peer perform” to “outperform,” setting a price target of $269.00.

Institutional investors have shown varying levels of interest in the stock. Geode Capital Management LLC increased its holdings significantly, whereas Norges Bank acquired a new position valued at approximately $8,310,884,000. Northern Trust Corp also increased its stake by 15.4%, alongside Capital Research Global Investors, which boosted its holdings by 9.1%. Charles Schwab Investment Management made a smaller increase of 0.4% in its stock position. Overall, 71.55% of JPMorgan Chase's stock is held by institutional investors.