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January 8, 2012
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JP MORGAN CHASE & CO (JPM) (Zacks rank 3 - Hold) reports earnings Monday 1/9/2012. JPM beat expected earnings by a tad under 10 percent for its last report. Due to my homework, I anticipate JPM will beat its estimated earnings AGAIN.
From my spreadsheets:
( 1) JPM pay a dividend of $1.00 or about 3 percent
( 2) JPM has a book value of $45.95
( 3) JPM has a 1 year target of $64.25 +/-0.25 and a Fair Value of 87.11
( 4) JPM has a PEg of 0.94
I know you can legitimately argue JPM is a financial stock that will flunctuate wildly with the EU trial and tribulations, and or global misfires elsewhere ... but I'd rather invest in undervalued, when everyone else is ducking for cover, than wait 'til the smoke has cleared ... only to find the ship has sailed.