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JPMorgan's Earnings Streak Puts Wall Street Estimates in Question
Original: 🎬 Coming soon to CycleStack $JPM Beat 7 of 8 Quarters. Is Wall Street's $5.93 Consensus Too Low Again? [$GS · $WFC · $C]
JPMorgan has beaten analyst earnings expectations in seven of its past eight quarters, renewing debate over whether Wall Street's consensus forecast of $5.93 per share is once again set too low. The discussion extends to peers Goldman Sachs, Wells Fargo and Citigroup ahead of the October 12 earnings season, with traders weighing whether banks' track record of outperformance justifies positioning above published estimates.
Why now: US bank earnings season is approaching and JPMorgan's consistent record of beating estimates is prompting investors to question consensus forecasts.
JPMorganGoldman SachsWells FargoCitigroupWall Street
Evidence
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