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21

Poor Earnings Season May Not Stop a Market Rally, JPMorgan Says

By Tony Seruga

Earnings consensus still too high, but investors seem aware
Rally started 10 months before positive EPS revisions in 2016

The coming earnings season is likely to be ugly, but that may not be taken badly by an equity market that’s already anticipating negative news, according to JPMorgan Chase & Co.

Particularly weak activity indicators in Europe suggest the coming season is likely to be challenging and below consensus estimates, according to strategist Mislav Matejka, who has cut his expectations for the region’s earnings-per-share growth by 3 percent for the year…

Poor Earnings Season May Not Stop a Market Rally, JPMorgan Says

Categories : Private Equity

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