JPMorgan and Chase (NYSE: JPM) is scheduled to release fourth-quarter 2008 results Thursday morning. To listen in to the 7:45 AM (Eastern) conference call, dial (from U.S. or Canada) 1-866-541-2724 or 1-877-368-8360 beforehand. For information on dialing in from overseas, listening to the replay, or watching the webcast, see JPMorgan's press release (pdf file).
Analysts surveyed by Thomson Reuters expect JPMorgan to post a loss of $0.01 per share. That compares to a profit of $0.86 per share in the same period of the previous year. Revenues for the quarter, though, are expected to have risen 8.3% from a year ago to $18.8 billion. JPMorgan has topped earnings estimates in the past three quarters.
For the full year, analysts are looking for earnings of $1.32 per share on revenue of $69.3 billion, down from $4.38 per share and $71.4 billion in the previous year.
The consensus recommendation of analysts shifted from hold to buy JPM during the past quarter. The share price has fallen 17.8% since the beginning of the year, and it is 37.4% lower than it was a year ago.
See BloggingStocks' JPMorgan coverage for more information concerning the #3 financial services firm in the U.S.
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