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JPMorgan Chase Sees Blockbuster First-Quarter Earnings

Published 04/17/2018, 09:27 AM
Updated 04/17/2018, 09:27 AM
© Reuters.

© Reuters.

Investing.com - JPMorgan Chase (NYSE:JPM) says first-quarter earnings will be better than expected, driven by more than the benefit of lower corporate taxes.
In a note to clients, the Wall Street firm said it expects earnings to rise by 21%, well above the consensus forecast of 17.5%.
JPMorgan says earnings will be lifted by a host of economic factors, including rising disposable income and consumer confidence.
The firm says strong corporate profits and record share buybacks will drive stock prices higher, after a unusually volatile period in which the market suffered two corrections in a little more than a month.
Earnings rose just under 15% in the fourth quarter and are forecast to grow by 18.5% for all of 2018.

Latest comments

Record share buy backs. There's your magical tax break. Not to employees, not to R&D, to shareholders...
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