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re: Over the next 3 months, will the $ strengthening or weakeing against the £?

Posted on 7/15/14 at 9:08 am to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/15/14 at 9:08 am to
Both JPM and GS beat analysts expectations on the top and bottom lines according to CNBC and both are up significantly this morning....JPM over $2/share higher.

So what's the 'no' part?

ETA: What bank reported below expectations today?
This post was edited on 7/15/14 at 9:18 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 7/15/14 at 9:41 am to
Cliff notes version - About .13 of JPM eps is going to eventually be backed out. Maybe not formally. I calculate closer to .17. The experts indicate .13. Take forward charges they carry forward, and back them in to this quarter.

Depends whose expectations were talking about.

Yes, you're correct, everything beat the analysts. But frankly that doesn't take much as companies issue guidance throughout the quarter designed at exceeding analysts.
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