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Will JPM's Earnings Beat the Expectations?

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The third-quarter earnings season is here. JPMorgan Chase is one of the banks that's gearing up to report earnings. When is JPM's earnings date? What's JPMorgan Chase's stock price today? What's the outlook for JPM stock?

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When is JPM's earnings date?

JPMorgan Chase's earnings date is almost here. The company's investor relations site shows that the banking giant plans to report its financial results for the third quarter of 2020 on Oct. 13. JPM's earnings report will come during the pre-market session. The economic shock amid the COVID-19 pandemic will be on investors' minds as JPM reports its earnings. Businesses and households have struggled financially during the COVID-19 pandemic. Banks face loan losses in a slow economy.

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In the second quarter of 2020, JPM’s earnings of $1.08 per share missed the consensus estimate at $1.21. In the third quarter of 2019, JPM’s EPS of $2.68 beat the consensus estimate at $2.45. Wall Street expects the company's EPS for the third quarter of 2020 to be $2.24. JPM will host a live audio webcast for its third-quarter earnings. Investors can follow the event and access presentation slides through the company's investor relations site. 

JPM's dividends

Investing in stocks with dividends can be a great way to generate extra income and grow wealth gradually. You can withdraw dividends for spending or reinvest in more shares in the company to grow your stake. 

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Does JPM pay dividends? Yes, JPM stock pays quarterly dividends to its shareholders. The company's next dividend payout date is Oct. 31. Shareholders of the bank’s common stock will receive $0.90 per share. For investors holding JPM preferred stock, the dividend amount will be up to $306 per share

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What's the difference between common and preferred shareholders? Common shareholders have voting rights. They have a say in how the company is run. For example, they decide who's on the board of directors. However, preferred shareholders don't have any voting rights. They are given priority in the dividend distribution.

What is JPM's stock price today?

JPM stock fell 0.57 percent on Oct. 9 and closed the week at $101.20. The stock is down 27 percent in 2020. JPM stock is trading 28 percent below its 52-week high of $141.10. Generally, bank stocks have been under pressure in 2020 amid the COVID-19 pandemic. Some investors are concerned that a wave of loan defaults would shrink banks' profits. JPM stock rose 0.40 percent to trade at $101.60 during the pre-market session on Monday, Oct. 12. 

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JPM's stock forecast

Any pullback in JPM stock could be a buying opportunity for investors looking beyond the COVID-19 pandemic. The most bullish analyst sees more than a 42 percent upside in JPM stock from the current level to $144 within 12 months. However, the most bearish analyst sees a 20 percent downside in JPM stock to $80. Most analysts think that investors should buy JPM stock.

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