JPMorgan To Report Flay YoY Earnings & Revenue

JPMorgan Chase & Co. JPM is scheduled to announce its second quarter financial results next Tuesday, before the market opens, and expectations point towards pretty much flat year-over-year earnings and revenue.

In the second quarter of 2014, the company delivered earnings of $1.46 per share on revenue of $24.454 billion. For the current quarter, the Street is modeling consensus earnings of $1.45 per share on sales of $24.425 billion, while the crowd is projecting consensus earnings of $1.48 per share on revenue of $24.716 billion (Estimize).

The second chart here illustrates the evolution of sentiment over time. While, the Street’s expectations remain in the same level as they were at the beginning of the quarter, the crowd became less bullish between April and June, before consensus established at $1.48.

Analyst Ratings & Institutional Support

Several major Wall Street research firms have weighed in on JPMorgan’s stock recently. Oppenheimer maintains a Perform rating, same as Keefe Bruyette & Woods, which accompanies its Market Perform rating with a $69.00 price target. MKM Partners, for its part, issued a Neutral rating a couple of months ago.

Other analysts are more bullish on the stock. Macquarie maintains an Outperform rating and $72.00 price target. Bernstein and Oppenheimer also rate the stock an Outperform, with respective price targets of $70.00 and $79.00.

Also optimistic about JPMorgan are Harris Associates, which last disclosed having added 476,084 shares to its position, taking it to 32,396,811 shares worth almost $2 billion, and Lansdowne Partners, managed by Paul Ruddock and Steve Heinz, which boosted its exposure to the stock by 10 percent over the last reported quarter, to 20,683,232 shares.