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Anand Chokkavelu, CFA
Oct 11, 2012 at 12:00AM
Along with Wells Fargo, JPMorgan Chase reports on Friday before the market opens. Analysts expect JPMorgan to report $1.22 in earnings for Q3, versus $1.02 last year. That's a heady 20% gain.
Although the headlines have been rough for JPMorgan, with the London Whale situation and a recent lawsuit involving operations at Bear Stearns during the financial crisis, Motley Fool senior analyst Anand Chokkavelu thinks JPMorgan will meet or exceed expectations.
It's the No. 2 mortgage lender behind Wells Fargo. That should bode well. But visibility into the Wall Street side is harder to guess at. What we do know is that JPMorgan hasn’t had a negative surprise since 2007, so it's a good bet that it'll at least meet these lofty expectations. We'll see on Friday.
- Oct 11, 2012 at 12:00AM