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BUZZ-PREVIEW: JPMorgan Q4 EPS, revenue seen rising

ReutersJan 14, 2025 6:15 PM

** Shares in biggest U.S. bank JPMorgan JPM.N up ~0.3% on Tues ahead of Q4 report due before market open on Weds

** JPM seen reporting adj EPS of $4.11 vs $3.04 in year-ago quarter on rev of $41.73 billion vs $39.94 billion year-ago, according to LSEG

** In last 8 quarters JPM rev met or beat Street estimates every time while EPS beat 7 times with an 8.5% miss in Q4 2023

** U.S. banks are generally expected to report stronger earnings, fueled by robust dealmaking and trading in the fourth quarter. Wells Fargo WFC.N, Citigroup C.N and Goldman Sachs GS.N also slated to report results on Weds before the bell

** On Tues JPM announced Jennifer Piepszak, long seen as a strong contender to succeed CEO Jamie Dimon, exited the race, opted to become the chief operating officer instead

** Shares in JPM up ~2% YTD after rising 40.9% in 2024 vs S&P 500 bank index .SPXBK gain of ~2.4% YTD after a 34.2% gain in 2024

** Stock last traded at $244.98 vs median PT of $261.50, which shows 25 analyst ratings comprising 3 'strong buy,' 12 'buy,' 9 'hold' and 1 "strong sell' - LSEG

** JPM options imply a 3.6% swing for the shares, in either direction, on Weds, according to options analytics service ORATS; on average, the stock has moved 3.4% on the day of results over the last 12 qtrs

(Reporting By Sinéad Carew, Saqib Iqbal Ahmed)

((sinead.carew@thomsonreuters.com; +13322191897;))

Disclaimer: For information purposes only. Past performance is not indicative of future results.