JP Morgan Earnings Preview

JP Morgan (NYSE:JPM) is scheduled to report Q4 results on Friday before the market open, with a conference call scheduled for 9 am ET. Analysts are looking for EPS of $0.91 on revenue of $23.05 billion.According to First Call, the consensus range is $0.76-$1.00 for EPS and $21.08 billion-$24.17 billion for revenue.Loan growth, signs of stabilization and even progress in the U.S. housing market, and improved consumer credit trends are among the tailwinds, while continued uncertainty in the euro zone and generally declining net interest margins are among the headwinds, according to a number of analysts.Meanwhile, on January 10 Bernstein predicted that macro headwinds would have to diminish further before bank stocks could generate a sustained rally.JPMorgan Chase (NYSE:JPM) has potential upside of 26.9% based on a current price of $36.56 and an average consensus analyst price target of $46.39.