Big Three Miss – A First Since 2011

For the first time since the fourth quarter of 2011, the Big three U.S. banks – Bank of America, Citigroup and JP Morgan Chase – missed consensus earnings estimates. Bank of America reported actual EPS of $0.25 compared to the mean estimate of $0.32; Citigroup reported EPS of $0.06 whereas the average estimate was $0.10; and JP Morgan Chase reported EPS…

Has JP Morgan Chase’s Goose Cooked?

Goldman Sachs had always been the best of the breed of Wall Street investment banks so much so that everybody wanted to be like it. In the aftermath of Lehman Brothers’ bankruptcy, Goldman also got clobbered. It fell from all time high of 250.70 reached on October 31, 2008 to an all time low of 47.41 on…