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JPMorgan says earnings estimates appear too optimistic, wary of the downside in equities
JPMorgan says earnings estimates appear too optimistic, citing the most recent earnings season with soft profit growth and less upbeat corporate guidance:firms are seeing demand and prices soften, accompanied by ongoing margin pressure"The consensus 2024 EPS growth rate of 12% appears too optimistic given an aging business cycle with very restrictive monetary policy, still rising cost of capital, lapping of very easy fiscal policy, eroding consumer savings and household liquidity, low unemployme...
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Posted: Aug 23 2023, 03:15
Author Name: forexlive
Views: 110690