JPMorgan's Equities Business Surged 86% Last Quarter — What Comes Next on Oct. 13?

JPMorgan Chase & Co. (NYSE:JPM) shares are in the spotlight, with earnings on deck, trading and investment banking results in focus and recent analyst activity all drawing attention. JPMorgan Chase shares are consolidating. What’s next for JPM stock? Earnings Preview & History JPMorgan Chase is scheduled to report third-quarter earnings on Oct. 13 before the market opens. Analysts estimate EPS of $5.82 along with revenue of $51.21 billion. For the prior quarter, JPMorgan reported EPS of $6.14, beating the consensus estimate of $5.79. The company also posted revenue of $58.02 billion, beating the consensus estimate of $50.19 billion. What to Expect: Trading, Investment Banking and 2026 Guidance Investors will be closely tracking trading and investment banking results. JPMorgan Co-President Doug Petno said at a Barclays conference on Sept. 15 that both trading revenue and investment banking fees should rise by a percentage in the mid-to-high teens in the third quarter. Bank of America, by contrast, has said it expects investment banking fees to fall roughly 10%. A gain like Petno’s would build on a second quarter in which Markets revenue rose 35% to $12.1 billion, led by an 86% jump in equities, and investment banking fees rose 30% to $3.3 billion. Full-year guidance will also be in focus after JPMorgan raised its 2026 outlook last quarter, including net interest income of about $105.5 billion, adjusted expense of about $107.5 billion and a card net charge-off rate of about 3.2%. Any change to those figures, especially on expenses and credit, will be closely scrutinized. The bank also faces a tough comparison against last year’s third quarter, when it reported EPS of $5.07. Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price forecast of $369.14. Recent analyst moves include: UBS: Buy (Lowers Target to $395.00) (Oct. 5) HSBC: Hold (Raises Target to $377.00) (Sept. 28) Read Also: Stock Market Today: S&P 500, Dow Jones Futures Gain as Scott Bessent Doubles Down on Iran Pressure— OPCH, PCVX, STZ in Focus JP Morgan Chase Shares Trade Flat JPM Price Action: At the time of publication, JP Morgan shares are trading 0.35% higher at $333.55, according to data from Benzinga Pro. Image via Shutterstock