Abacus Global Plunges 10.1% Amid JPMorgan EPS Cut

On April 17, 2025, Abacus Global experienced a significant drop of 10.1% in pre-market trading, reflecting a notable decline in investor sentiment.

Abacus Global's recent performance has been influenced by various factors, including market sentiment and analyst estimates. Seaport Res Ptn, a prominent research firm, recently revised its Q4 2026 earnings per share (EPS) estimates for JPMorgan Chase & Co., a move that could indirectly impact Abacus Global due to market interconnections. The firm lowered its EPS forecast for JPMorgan Chase & Co. to $5.10 per share, down from the previous estimate of $5.16. This adjustment suggests a cautious outlook on the financial sector, which could spill over to Abacus Global.

Additionally, the financial services sector has seen mixed signals from analysts. While some firms have maintained a positive outlook, others have issued more conservative ratings. For instance, Wolfe Research upgraded JPMorgan Chase & Co. to an "outperform" rating, while Evercore ISI reduced its price target. These divergent views highlight the uncertainty in the market, which could contribute to the volatility experienced by Abacus Global.

Insider trading activities also play a role in market sentiment. Recent transactions by insiders at JPMorgan Chase & Co. indicate a reduction in their holdings, which could signal a lack of confidence in the sector. This insider selling, combined with the revised analyst estimates, may have contributed to the negative sentiment surrounding Abacus Global.