JPMorgan Chase blows earnings estimate out of the water

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During a call with reporters on Friday following the bank's quarterly results, Dimon said despite Trump's rhetoric and frequent use of Twitter, which indicate the real-estate mogul would retool trade agreements with Mexico and hold a hard line with countries like China, he expects the coming president's administration to "do the right thing".

VMware, Inc. (NYSE:VMW) went up 0.76% during trading on 01/12/2017, with the company's shares hitting the price near $82.10.

The bank's net income rose to $6.73 billion in the three months ended December 31 from $5.43 billion a year earlier.

It reported a 4 percent dip in profits a year ago, $21.9 billion, or $3.99 a share, compared with $22.9 billion, or $4.12 a share, in 2015.

The consensus recommendation for JPMorgan Chase & Co. (NYSE:JPM)'s last 12 earnings reports, it has beaten EPS estimates 66% of the time. JPMorgan surged 2.2 percent at a record high of $88.17 and Wells Fargo gained 3.1 percent to $56.20. 13,617,776 shares of the company's stock traded hands. Emerald Acquisition Ltd. purchased a new stake in shares of J P Morgan Chase & Co during the second quarter valued at approximately $546,431,000.

Analysts had expected earnings of $1.44 per share, according to Thomson Reuters I/B/E/S.

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A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Shares in the bank were rising over 1% in pre-market trading. (NYSE:JPM)'s mean EPS estimate was $1.26 for the quarter ended on 3/2016, while it reported EPS of $1.35 on 4/13/2016 Before Market Open, beating the analysts' consensus estimate by 0.09 with surprise factor of 7.14%.

VMware, Inc. (NYSE:VMW) now has mean rating of 2.40 while 11 analysts have commented the shares as "BUY", 6 recommended as "OUTPERFORM" and 19 commented as "HOLD". On seventh day of the earnings report price change of the stock was up 6.82%. The Company showed a positive 39.00% in the net profit margin. (NYSE:JPM) according to Finviz Data is $5.8.

Trading revenue jumped 24% to $4.52 billion, helped by "a healthier global economic outlook, increased optimism and global political developments", CFO Marianne Lake said on the bank's earnings call. Company's annual sales growth for the past five year was -4.40%. Revenue was flat during the quarter at about $21 billion. The analysts estimated sales for the higher end at 25969 million and lower end at 23838 million while the year ago reported sale was 26907.5 million. Its adjusted revenue was $23.38 billion, which also beat Street forecasts. EPS is usually the indicator of profitability for the company.

Having a glance at growth estimates of the company, it has current quarter growth estimates of 9.10% whereas for next quarter it has 16.30% estimations over growth.

Net revenue on a reported basis grew 2% to $23.38 billion, from $22.89 billion in the previous year.

JPMorgan Chase & Co has 3,577,791,000 shares which are now outstanding with shareholders and have a price of 86.29 bringing JPMorgan Chase & Co's market capitalisation to 308.71B United States dollars. The company has a 50-day moving average price of $84.54 and a 200 day moving average price of $71.19. Shares registered one year high at $83.00 and the one year low of $43.25.