5 Stocks To Watch This Week

Looking ahead to this week, we have an incredibly important week with respect to earnings reports. Throughout the course of the week, investors will be updated by some of the biggest names in the banking industry.

Reports for Tuesday, July 14

Report for Wednesday, July 15

Reports for Thursday, July 16

JP Morgan (JPM)

JP Morgan (JPM) reports its FQ2 ’15 results before the opening bell on Tuesday. The Estimize EPS consensus is set at $1.47, 2 cents higher than Wall Street’s expectations. Revenue expectations of $24.6B also surpass the Street’s expectations marginally. These numbers would put both JPMorgan’s year-on-year (YoY) earnings and revenue growth at less than 1%. The company’s stock is up 4.83% year-to-date (YTD), down from its late June high of 11.46%.

 

After crushing both Wall Street and the Estimize’s consensus on April 14th of this year, JP Morgan experienced a 9.3% increase in price until mid-June. Similarly, after missing expectations by a wide margin on January 14th of this year, JP Morgan experienced a price plunge of 5%. JP Morgan’s stock could fluctuate significantly if their upcoming report delivers any surprises. Make sure to pay close attention before the market opens on Tuesday as JPMorgan looks to beat expectations.

Wells Fargo (WFC)

Wells Fargo (WFC) also reports Tuesday morning when they release their FQ2 ’15 result. Estimize predicts an EPS figure of $1.06 and a revenue number of $21.719B. Wall Street analysts however, assume an EPS figure of $1.04 and forecast revenues of $21.537B.   

 Weak demand for mortgages has restricted Wells Fargo’s revenue growth for a considerable amount of time. However, mortgage applications have slowly been making a comeback recently and are coming off a very low base. As the property market continues to regain momentum and the demand for mortgages increase, Wells Fargo should be at the forefront to benefit financially. Wells Fargo has the second largest loan book amongst the major banks and therefore will likely expereience an uptick in revenues as demand for domestic mortgages rise.