JPMorgan is a dud every time it kicks off earnings season this year

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Jpmorgan Chase & Co Notícia

Stock Markets,Investment Strategy,Business News

According to data from Bespoke Investment Group, the investment bank hasn't started off any of this year's earnings seasons on an upbeat note.

Earnings season is getting underway with JPMorgan Chase on Friday, but don't expect its third-quarter results to turn the market around. So far this year, the investment bank has not started the season off upbeat, as shares have fallen in every post-earnings trading session. That's even with the bank beating Wall Street's expectations in its last two earnings reports.

The remaining nine are neutral. Barclays in particular is one of those with a bullish stance. Analyst Jason Goldberg has an overweight rating on the stock, and his price target of $217 implies more than 2% upside from Thursday's close. The analyst expects operating earnings per share to come in three cents higher than consensus. However, he also noted that net interest income may be under pressure.

 

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