JPMorgan Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

JPMorgan Chase & Co. JPM will release its second quarter financial results, before the opening bell on Friday, July 12.

Analysts expect the New York-based company to report quarterly earnings at $4.15 per share, down from $4.75 per share in the year-ago period. JPMorgan is expected to post revenue of $42.03 billion, compared to $42.4 billion a year earlier, according to data from Benzinga Pro.

Marko Kolanovic, JP Morgan's chief global market strategist and co-head of global research, is departing from the bank. After 19 years at JP Morgan, Kolanovic is "exploring other opportunities," Bloomberg reported, citing an internal memo.

JPMorgan shares gained 1.2% to close at $207.63 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Keefe, Bruyette & Woods analyst David Konrad maintained a Market Perform rating and raised the price target from $209 to $211 on July 9. This analyst has an accuracy rate of 73%.
• Jefferies analyst Ken Usdin maintained a Buy rating and increased the price target from $230 to $239 on July 3. This analyst has an accuracy rate of 65%.
• Piper Sandler analyst Scott Siefers maintained an Overweight rating and boosted the price target from $215 to $220 on May 21. This analyst has an accuracy rate of 69%.
• Baird analyst David George maintained a Neutral rating and increased the price target from $175 to $185 on May 21. This analyst has an accuracy rate of 72%.
• BMO Capital analyst James Fotheringham maintained a Market Perform rating and cut the price target from $196 to $195 on April 15. This analyst has an accuracy rate of 73%.

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