JP Morgan Earnings Thursday, Before The Bell

Traders are on pins and needles waiting for JPMorgan earnings on Thursday – especially since they’re coming out much earlier than planned!

The market has been ripe with speculation since the bank revealed that they would announce on Thursday January 15th – nearly one week earlier than expected.

Officially the firm did not give reasons on why it decided to move its earnings results from Jan. 21. However, there was no shortage of theories.

Fox-Pitt Kelton analyst David Trone wrote in a research note it was surprising JPMorgan moved up the release date and speculated it could mean that the company is going to release results worse than analysts' expectations and that it wanted to get the results out quickly to avoid prolonged speculation.

However some investors interpreted the news positively – and in fact the stock closed higher when the date was moved up.

Either way Chief Executive Jamie Dimon has consistently warned that the bank's results in the fourth quarter are under pressure from rising unemployment and consumer credit concerns.

Overall analysts have grown increasingly concerned that 2009 is shaping up to be another year of multibillion dollar losses for the sector as a whole, warning of rising problems in credit card and commercial real estate portfolios.

In case you’re wondering analysts surveyed by Thomson Reuters, on average, forecast JPMorgan to earn 2 cents per share on revenue of $19.16 billion for the fourth-quarter, and forecast earnings of $1.35 per share on revenue of $69.82 billion for the year.

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Trader disclosure: On Jan. 14th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (TM), (DIS), (MSFT), (SDS), (AAPL); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), NUE); Seymour Owns (BAC), (EEM), (F), (TSO), (AAPL); Najarian Owns (HSBC), (MSFT), (MS), (CSCO), (XME); Najarian Owns (DNA) Calls, (NVLS) Calls, (NVDA) Calls; Najarian Owns (C) Puts; Najarian Owns (CSCO) Short Calls; Najarian Owns (MS) Short Calls