Jump to content

JP Morgan share price Q1 2022 results preview

Recommended Posts

What to expect and how to trade JP Morgan’s upcoming results.

BG_JP_morgan_chase_bank_32423423.jpgSource: Bloomberg
 Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Friday 08 April 2022 

In this article we preview the upcoming JP Morgan results and look at how traders and brokers are placed leading into the event.

When are the JP Morgan results expected?

JP Morgan is set to release its first quarter (Q1) 2022 results on the 13th of April 2022.

What is ‘The Street’s’ expectation for the Q1 2022 results?

‘The Street's’ expectations for the upcoming results are as follows:

- Revenue of $30.972bn (-6.48% year on year)

- Earnings per share $2.68 (-41.6% year on year)

How to trade JP Morgan into the results

refinitiv1.pngSource: Refinitiv


Refinitiv data shows a consensus analyst rating of ‘hold’ for JP Morgan, although the long-term price target of $167.44 suggests the share is currently trading at a discount of 28% to this level (as of the 8th of April 2022).

IG2.pngSource: IG


IG sentiment data shows that 94% of clients with open positions on the share (as of the 8th of April 2022) expect the price to rise over the near term, while 6% of these clients expect the price to fall.

JP Morgan - technical view

PRT3.pngSource: ProRealTime


The long-term price trend for JP Morgan remains down as the price trades firmly below the 200-day simple moving average (SMA).

In the short-term the price is range-bound in nature trading between levels $128.00 and $142.15. The long-term downtrend suggests keeping a short bias to trades on the company, although the oversold signal near support suggests that we could see a price rebound in the short-term.

To reestablish a long bias to trades we would like to see the short-term rebound (should it manifest) take the price back above range resistance at $142.15. Failure to break this resistance level would see traders considering new short positions on a bearish price reversal before this level.

Alternatively short entry could be considered on a break (confirmed with a close) below the $128 support level. In this scenario, $113 would become a further downside target from the move.

In summary

- JP Morgan Chase and Co. is set to release Q1 2022 results on the 13th of April 2022

- Q1 2022 results are expected to show a year-on-year decline in both revenue and earnings per share (EPS)

- Long-term broker consensus suggests the share is currently a ‘hold’, with a longer term price target of $167.44

- IG clients with open positions on the share are predominantly long

- The long-term price trend for JP Morgan remains down, although in the short-term the price is range-bound in nature with an oversold signal prompting a near term rebound.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 31/01/23 02:43
  • Posts

    • Content ASX200, CBA, IRON ORE, BHP, RIO, FMG,GOLD, NCM, GDX, PLS, LTR, DXY, AUDUSD, GOV-BONDS Summary Banks and Resources are toppy.. Elliott Wave ASX 200 v) of 1 Strategy No Strategy for the ASX200 Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Stay informed on the latest market trends with our expert analysis of the US stock indices: SP500, NASDAQ, Dow Jones, and Russell 2000. Our analysis suggests the current decline in the market is corrective and could turn into a full five-wave impulse move, leading to a deeper drop. Keep a close eye on the USD DXY as the Federal Reserve's meeting on Wednesday may impact the market. If 102 serves as a support for the dollar, it could result in further gains for the dollar and losses for global indices, forex, and commodities. For the best trading results, we recommend waiting for the outcome of the Fed meeting before determining the next short-term trend Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES Summary  Corrective pattern lower Elliott Wave abc Strategies  No, waiting a few sessions to confirm the pattern lower. Video Chapters 00:00 S&P500  23:22 NASDAQ 100 (NDX) 25:28 Russell 2000 (RUT) 29:42 Dow Jones (DJI) 21:28 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
  • Create New...