PREVIEW: JPMorgan seen reporting Q1 EPS, rev increase

Shares in JPMorgan Chase & Co JPM.N shares down ~5% on Thursday in a broader market selloff amid trade uncertainty; biggest U.S. bank due to report first quarter results before market open on Friday

Wall Street sees JPM reporting adj EPS of $4.61 up from $4.44 in year-ago quarter on rev of $44.11 bln, which would be up 3.7% from $42.55 bln year-ago as per LSEG

In last 8 quarters JPM rev met or beat Street expectations while EPS beat 7 times with one miss in Q4 2023 (8.5%), according to LSEG

While some economists changed from recession forecasts after U.S. President Donald Trump announced a 90-day pause in some trade tariffs on Wednesday, investors said the move didn't remove uncertainty as they tried to gauge the outlook for banks.

But investors, while taking into account the uncertainty around the ultimate trade policy, will still closely monitor executive comments on their expectations for the year ahead

JPM last traded at $222.52 and was the smallest decliner in an S&P 500 bank index .SPXBK, which was down near 6%, both were being hammered along with the broader market

Median PT for JPM is $264, down from $273 a month ago, according to LSEG, which shows 24 analyst ratings: 3 'strong buy,' 11 'buy' and 10 'hold'

Shares down 6.7% YTD after rising 40.9% in 2024 vs 8% drop for SPXBK, which rose 34.2% in 2024