Earnings Alerts

JPMorgan Chase & Co (JPM) Earnings: 2Q Credit Loss Provisions Miss Estimates Despite Strong Revenue and Equity Returns

  • JPMorgan’s provision for credit losses was $3.05 billion, missing the estimate of $2.83 billion.
  • The bank reported adjusted revenue of $50.99 billion.
  • Return on equity (ROE) stood at 23%, significantly higher than the estimated 17.4%.
  • Return on tangible common equity (ROTCE) was 28%, surpassing the estimated 22.4%.
  • Analyst ratings on JPMorgan include 21 buys, 8 holds, and 1 sell.

A look at JPMorgan Chase & Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, JPMorgan Chase & Co is positioned for a positive long-term outlook. With high scores in Growth and Momentum, the company shows potential for strong future performance and market traction. While Value and Dividend scores are moderate, indicating a stable financial position and consistent returns for investors. However, the Resilience score is comparatively lower, suggesting some vulnerability to market fluctuations. Overall, JPMorgan Chase & Co‘s diverse range of financial services and banking offerings position it well to navigate future challenges and capitalize on growth opportunities.

JPMorgan Chase & Co provides global financial services including investment banking, asset management, and retail banking. With a focus on serving a wide range of clients from business enterprises to individuals, the company is a key player in the financial industry. The Smartkarma Smart Scores reveal a balanced outlook for JPMorgan Chase & Co, with strengths in growth potential and market momentum. While the company may face some resilience challenges, its overall diverse service offerings position it as a competitive player in the financial services sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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