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Tuesday, October 11, 2011
Bank Earnings Estimate Revisions 3Q11
JP Morgan will release 3rd quarter earnings this week, and while the bank was an investor darling throughout the credit crisis, lately it's getting lumped in with its peers. 3Q11 hasn't been kind to banks, particularly those involved in capital markets businesses. Below is a list of 3Q earnings estimates for the 10 largest US banks and the amount that those estimates have been revised since 13 weeks ago. All of the banks with capital markets businesses have seen their estimates revised lower during the quarter, while banks with less capital markets focus have actually all seen their estimates revised higher.
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