Tag:
Upside Surprise
Latest Headlines
Latest Headlines
JPMorgan Chase earnings sets good tone
We suggested previously that the stage was set for some upside surprises when it comes to big bank earnings. JPMorgan Chase ended up soundly beating analysts' estimates when it announced a second-quarter profit of $5.4 billion, or $1.28 a share, easily beating the average estimates of $1.21 a shar
More analysts cut estimates for Goldman Sachs
Analysts have been busy paring their estimates of second-quarter profits for Goldman Sachs ( NYSE: GS ) and other banks. But for sheer magnitude, few of the cuts rival that of Barclays Capital analyst Roger Freeman. According to Fortune , he reduced his forecast for Goldman Sachs from $5.35,
Bank earnings surge; Morgan Stanley beats estimates
Morgan Stanley ( NYSE: MS ) became the latest big bank to trounce analysts' estimates. It posted earnings of 99 cents a share for the first quarter, including earnings from discontinued operations. Analysts on average expected just 57 cents a share. So this qualifies as yet another massive upsid
Bank of America's first quarter earnings top analysts estimates
After JPMorgan Chase's ( NYSE: JPM ) blow out earnings, people were expecting an upside surprise from Bank of America ( NYSE: BAC ), and the big bank delivered. It reported first-quarter net income of $3.2 billion compared, or 28 cents a share. That compares with a loss of $0.60 per share sequ
Whispers numbers carry clout
There have been a whole lot of earnings hits and misses as of late. Do the analysts' published estimates mean anything any more? Or have they been eclipsed by whisper numbers? Traders often talk up--or whisper up--their own forecasts to gain an edge. These whispers can loudly reverberate at a
