市场普遍预期摩根大通(JPM.N)将在周二早间公布的季度财报中交出亮眼成绩单，正式拉开美股二季度财报季帷幕。截至周一尾盘交易时段，该股上涨约0.5%。
根据伦敦证券交易所集团(LSEG)数据，分析师预测这家美国最大银行二季度调整后每股收益(EPS)为4.48美元，高于2024年一季度4.44美元水平；营收预计达441.6亿美元，较去年同期425.5亿美元显著提升。值得关注的是，在过去八个季度中，摩根大通有七次盈利超出市场预期，营收则全部达到或超越华尔街共识。
当前银行业盈利增长主要受交易业务提振及投行业务温和复苏推动。鉴于美国贸易政策带来的不确定性，投资者将聚焦管理层对业务前景的展望。分析师平均预计其二季度净息差为2.57%，较首季的2.58%微降。
该股最新报288.17美元，低于300美元的分析师目标价中位数，但较一个月前的277美元明显攀升。LSEG覆盖的26家机构评级显示：3家"强力买入"、12家"买入"、9家"持有"，另有"卖出"和"强力卖出"评级各1个。年内迄今，摩根大通股价累计上涨约20%，显著跑赢涨幅约9%的标普500金融服务业指数(.SPSY)。
期权市场预示重大波动：Trade Alert数据显示，截至本周五到期日，该股隐含正负3.5%的波幅，显著高于过去八个季度财报日平均2.6%的股价变动幅度。
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