JPMorgan Chase (JPM) Q2 Earnings Preview: Analysts Expect EPS of $4.48, Revenue of $75.94B

JPMorgan Chase (JPM) is set to report Q2 earnings on July 15. Analysts expect EPS of $4.48, a 26% YoY decrease, and revenues of $75.94 billion, a 42% YoY decrease. Despite cautious optimism, the stock has gained 22% YTD. A Moderate Buy consensus rating with an average price target of $293.43 implies 1.82% upside from current levels.

JPMorgan Chase (JPM) is set to release its Q2 earnings on July 15, with analysts projecting an EPS of $4.48, representing a 26% year-over-year (YoY) decrease. Revenue is expected to reach $75.94 billion, marking a 42% YoY decline. Despite these cautious projections, the stock has seen a 22% year-to-date (YTD) gain. The consensus rating is a Moderate Buy with an average price target of $293.43, implying a potential 1.82% upside from current levels.

Analysts have revised their earnings estimates upward by 1.5% over the past 30 days, reflecting a reassessment of the company's performance. This upward revision indicates that analysts expect better-than-anticipated results, although the overall outlook remains mixed. The EPS estimate for Q2 has been adjusted to $4.48 from the previous estimate of $4.41, suggesting a more optimistic view on the company's earnings performance.

Key metrics such as revenue by line of business and total net revenue are also projected to decline significantly. For instance, 'Consumer & Community Banking - Revenue By Line of Business - Card Services & Auto' is expected to reach $6.76 billion, a 12.6% YoY increase, while 'Consumer & Community Banking - Revenue By Line of Business - Home Lending' is projected to fall to $1.28 billion, a 2.8% YoY decrease. The total net revenue for 'Asset & Wealth Management' is forecasted to be $6.09 billion, up 15.9% YoY.

The stock has seen a 5.6% increase in the past month, outperforming the Zacks S&P 500 composite's 4.4% gain. This upward trend is supported by a Zacks Rank #3 (Hold), indicating a neutral outlook. However, recent insider sales and institutional buying have added to the stock's volatility. General Counsel Stacey Friedman sold 6,608 shares, while CFO Jeremy Barnum sold 40,014 shares, totaling 71,200 shares sold by insiders in the last 90 days.

Institutional investors have also shown interest, with MJT & Associates Financial Advisory Group Inc., Redwood Park Advisors LLC, University of Illinois Foundation, Curat Global LLC, and Sellwood Investment Partners LLC purchasing new positions in JPMorgan Chase. These developments suggest a mixed sentiment among analysts and investors, with some expecting better results and others remaining cautious.

References:
[1] https://www.nasdaq.com/articles/what-analyst-projections-key-metrics-reveal-about-jpmorgan-chase-co-jpm-q2-earnings
[2] https://www.marketbeat.com/instant-alerts/jpmorgan-chase-co-nysejpm-upgraded-to-outperform-at-keefe-bruyette-woods-2025-07-09/