Four of Wall Street’s biggest banks report third-quarter results before the opening bell on Tuesday, and options traders are bracing for moves of roughly 3.7% to 5% in their stocks, according to Benzinga. But analysts do not agree on what the banks will earn. Estimates for Goldman Sachs alone range from $12.44 to $14.84 per share, a gap of about 19% by our calculation, which means whether Goldman “beats” may depend on which benchmark you use. This follows our earlier preview of the big banks' third-quarter earnings, which covered the consensus numbers and the yield backdrop. Analysts Don’t Agree on Goldman LSEG consensus puts third-quarter earnings at $5.94 per share for JPMorgan, $12.44 for Goldman Sachs, $2.41 for Citigroup and $1.85 for Wells Fargo, according to Mitrade. Other trackers are higher for some banks. Fiscal.ai data cited by Stocktwits show $14.84 for Goldman on revenue of $17.92 billion, $2.69 for Citi on $23.5 billion, and $5.95 for JPMorgan on $51.16 billion. Tra...
A claim spread quickly on social media over the weekend: Iran says the United States has accepted some of its seven conditions for reopening the Strait of Hormuz. It is accurate that Iran said this. What many posts leave out is the second half of the statement, which changes how it should be read. What Iran Actually Said As we covered [when Iran first laid out its seven conditions], the proposal was presented during the UN General Assembly. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said on Sunday that the U.S. had accepted some of Iran's seven conditions, but that Tehran considers Washington's response inadequate, according to Iran International, Xinhua and Gulf News. He posted the remark on X and elaborated in interviews with Press TV and Tasnim. Gulf News noted that he did not say which conditions were accepted. According to Xinhua, citing Press TV, the status of the others remains unclear, with some "ambiguities." Shafaq News, ci...