Earnings Preview: JP Morgan Chase & Co.
theflyonthewall.com submits: JP Morgan Chase & Co. (JPM) will report third quarter results on Wednesday, October 13 before the market open, with a conference call scheduled for 9 am ET. GuidanceAnalysts are looking for EPS of 88c on revenue of $24.48B. The consensus range is 51c-$1.12 for EPS, and $23.45B-$25.71B for revenue, according to First Call. JP Morgan has frozen its foreclosures in 23 states amid uncertainty about the accuracy and completeness of foreclosure papers throughout the industry. Although the White House last week said that President Obama would veto a bill which would allow more of the foreclosures to proceed even if notaries public did not physically check the foreclosure documents, senior White House aide David Axelrod said Sunday that some foreclosures should probably go forward. Complete Story »