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...
We've been tracking the Iran situation closely this month, from the oil-price swings around ceasefire hopes to Trump's rejection of an earlier proposal. The latest development, reported by Reuters on October 4 , adds a specific, numbers-backed update: Iran says the Strait of Hormuz a waterway responsible for roughly one-fifth of the world's oil and liquefied natural gas supply before the war will not reopen until seven specific conditions are met. What Iran Actually Said Iran's parliament speaker, Mohammad Baqer Qalibaf , stated that the Strait of Hormuz "will not be opened" until seven conditions set out in a June interim agreement with the U.S. known as the Islamabad Memorandum of Understanding are satisfied. "The position of the Islamic Republic of Iran is completely clear and firm," he said, according to Reuters. Iran's Foreign Minister, Abbas Araghchi , added a specific and notable detail: if the conditions are accepted, Iran could reop...