JPMorgan Chase, Big Banks Kick Off Q3 Earnings Season Friday: 3 Key Questions For Investors

Summary:

  • JPMorgan Chase reports Q3 results and is expected to continue performing well.
  • The earnings conference call will be closely watched for clues as to whether more regional banks might fail and for an indication of how the overall economy is doing.
  • Also, expect an update on the First Republic acquisition and whether the potential exists for more.
  • In any case, JPMorgan’s underlying business should be fine, even in a recession. JPM isn’t a recession-proof stock, but it is a strong value.
  • JPM common stock offers a roughly 3% dividend yield with solid 5-year upside, while its preferred stock offers one of the safer 6.2% dividend yields you can find on the market today.

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Michael M. Santiago

JPMorgan Chase (NYSE:JPM) reports Q3 results on Friday before the market opens. As always, earnings season is kicked off by the big banks, with Wells Fargo (WFC) and Citi (C) also


Analyst’s Disclosure: I/we have a beneficial long position in the shares of JPM, JPM.PR.C either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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