Earnings Coverage - JPMorgan Chase

LONDON, October 17, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings coverage on JPMorgan Chase & Co. (NYSE: JPM). On October 14, 2014, the company announced its financial results for Q3 FY14 with net revenue growth of 5% on a Y-o-Y basis. Click on www.investor-edge.com/FreeReports to read our free earnings review on JPMorgan Chase. Further, the company reported Q3 FY14 diluted EPS of $1.36 as compared to diluted loss of $0.17 per share in the prior year. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, JPMorgan Chase & Co. reported net revenue of $24.25 billion, compared to $23.12 billion in the same period last year. The company's net revenue during the reported quarter came marginally below the Bloomberg analysts' forecast of $24.43 billion. The company swung into profits, registering a net income of $5.57 billion as compared to net loss of $380 million in the year-ago quarter. Analysts from Bloomberg had expected the company to report net income of $5.19 billion, or $1.38 per diluted share in Q3 FY14. Further, the company's return on tangible common equity was 13% for Q3 FY14 and the company's core loans increased 7% from Q3 FY13. The company repurchased $1.5 billion of its common equity and declared dividend of $0.40 per share for its common stock during Q3 FY14. The free research on JPM can be downloaded as in PDF format at:

www.Investor-Edge.com/JPMFreeReport

Discussing the company's segment wise performance, Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., stated that Consumer & Community Banking deposit growth led the nation as the FDIC reported Chase #1 in deposit growth for the third consecutive year. Additionally, the company's Card business delivered double-digit sales volume growth and Mortgage Banking continued to reposition the business and manage through cyclical-lows. JPMorgan Chase & Co's Corporate & Investment Bank saw strong performance in fees and increased activity, with particular strength in equity capital markets. Mr. Dimon said that in markets, the company witnessed better performance overall, particularly in currencies and emerging markets.

The CEO stated that although strong competition in the Commercial Banking industry for quality assets resulted in some spread compression, its clients leveraged the services of its investment bank, generating record investment banking revenues YTD, and that growth in Commercial Real Estate remains strong. He also informed that Asset Management saw its 22^nd consecutive quarter of long-term inflows, record net income and strong margins. Sign up and read the free analyst's notes on JPM at:

www.Investor-Edge.com/JPM-17102014

While the global economic recovery remains challenged, the U.S. economy is an exception, showing signs of steady improvement, Mr. Dimon continued. "Corporate America is in good shape with strong balance sheets and employment trends continue to be positive. JPMorgan continued to support the economic recovery. We provided credit and raised capital1 of $1.6 trillion for our clients during the first nine months of 2014, which included $15 billion for U.S. small businesses," he added.

Mr. Dimon concluded that despite challenges, the company has continued to deliver strong underlying performance, maintain its fortress balance sheet and liquidity, simplify the business and adapt to regulatory changes. The CEO asserted that the Company remains very focused on executing the control agenda and investing to protect its customers and the company for the future. Visit Investor-Edge and access the latest research on JPM at:

www.Investor-Edge.com/JPMEarningsCoverage

Stock Performance 

On the day following the earnings release, October 15, 2014, JPMorgan Chase & Co.'s stock ended the session down by 4.24% at $55.53. On last close, Thursday, October 16, 2014; it finished at $55.08, further losing 0.81% for the day. The stock vacillated between $54.28 and $55.98 during the session and a total of 31.89 million shares were traded, which was much above its three months average volume of 13.96 million shares. Over the previous three trading sessions and last one month, the company's shares have fallen by 5.30% and 8.18%, respectively. Also, the stock has declined 5.81% from the beginning of 2014. Shares in JPMorgan Chase & Co. are trading below their 50-day and 200-day moving averages of $59.01 and $57.57, respectively. Furthermore, the stock traded at a PE ratio of 8.77 and has a Relative Strength Index (RSI) of 29.51.

Sneak Peek to Corporate Insider Trading 

In the last one month, eight transactions were made on a single day by eight insiders. A total of 4,816 shares of the company worth $290,000 were made at an average price of $60.24. On September 30, 2014, Directors at JPMorgan Chase & Co., William C. Weldon, Lee R. Raymond and Michael A. Neal, Laban P. Jackson, Jr. and Timothy P. Flynn, purchased bought 789, 623 and 374, 955 and 498 shares of the company, respectively, at a price of $60.24 per share, along with other directors, James S. Crown, Stephen B. Burke and Crandall C. Bowles, who bought 706, 311 and 560 shares of the company, respectively at the same price. Complimentary in-depth research on JPM is available at:

www.Investor-Edge.com/JPMInsiderTrading

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