Filed under: Earnings reports, Forecasts, JPMorgan Chase (JPM)

For more earnings forecasts, see Peter Cohan’s Earnings expectations for 10 banks tell a mixed story.

Thomson Financial expects JPMorgan Chase (NYSE: JPM) to earn $0.94 when it announces its fourth-quarter earnings on January 16th. That’s 3% above the same period in 2006, when it earned $0.91.

JPMorgan Chase is a New York-based bank whose subsidiaries are JPMorgan Chase Bank, National Association, a national banking association with branches in 17 states, and Chase Bank USA, National Association, a national bank that issues credit cards. In the last year, its revenues were $69.4 billion and its net income totaled $16.3 billion. Its stock has lost 15.7% of its value in the last year, and it now trades at a P/E of 9.

JPMorgan regularly beats estimates. In the second quarter of 2007, it beat by 11.1% and in the third quarter it beat by 4.3%. My hunch is that it will beat expectations.

Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in JP Morgan Chase securities.

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