The Q1 earnings season is almost here, and as usual, the big US banks will start it off. JPMorgan (NYSE:Investors will be looking beyond just earnings and sales. They'll want to know about the health of the commercial real estate sector and if there's a strong demand for loans.
To help investors navigate the releases from these three major banks, we'll analyze them in this article. We'll delve into consensus earnings forecasts and explore each stock's outlook from both models' and analysts' perspectives. Regarding the outlook for Citigroup shares, the average target of the 22 analysts who follow the stock is $66.47, 10.4% higher than Wednesday's closing price.In addition, the InvestingPro Fair Value, which synthesizes 4 financial models adapted to banks, stands at $73.59, i.e. 22.3% above the current share price.For JP Morgan, the $4.11 EPS forecast by consensus would represent an increase of 35.2% on the previous quarter and stable year-on-year.Sales are expected to reach $41.
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Fuente: Investingcom - 🏆 450. / 53 Leer más »