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...
Diesel prices in the U.S. recently hit record highs, averaging $6.37 a gallon according to AAA data cited by The Hill. This week, the Group of Seven wealthy economies responded with one of their largest coordinated fuel releases in years a move that could ripple through everything from trucking costs to the broader inflation picture we've been tracking all month. What Was Actually Agreed Detail Information Total Release 100 million barrels (oil + fuel) Timeline Over 4 months Diesel Priority Window First 20 days (frontloaded) Announced By French President Emmanuel Macron Diesel Price (US, pre-release) $6.37/gallon (AAA) Trigger US threat to ban diesel exports to Europe The G7 nations agreed on Friday to release 100 million barrels of crude oil and fuel products from their emergency reserves over the next four months, according to reporting confirmed by CNBC, the Associated Press, Financial Times, and multiple other outlets. French President Emmanue...