JPMorgan’s legal woes are so large, they’ve just dented the S&P 500’s growth rate

Amazing but true factoid via FactSet Research:

During the past week, the blended earnings growth rate for the S&P 500 declined by 2.0 percentage points (from 2.8% on October 4 to 0.8% today), and the growth rate for the Financials sector fell by more than 12 percentage points (from 8.9% on October 4 to -3.5% today. JPMorgan Chase is the largest contributor to the decline in both earnings growth rates this past week, as the company reported actual EPS of -$0.17 (including a legal expense of $1.85) for the third quarter, compared to the mean EPS estimate of $1.19. If this company is excluded, the earnings growth rate for the S&P 500 would improve to 3.3%, and the earnings growth rate for the Financials sector would improve to 12.4%.

But don’t worry, they’re not too big. Perfectly manageable!

Source:

JPMorgan Chase legal expense leads Financials and S&P 500 growth rate down (FactSet)

 

What's been said:

Discussions found on the web
  1. Eat Verts commented on Sep 22

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  2. bitcoin evolution review commented on Sep 28

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  3. Robotic Process Automation Testing commented on Nov 12

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  4. cannabis for sale online commented on Nov 21

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  5. www.manausa.com commented on Nov 23

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  6. cheap hotels near me for tonight commented on Dec 15

    … [Trackback]

    […] Here you can find 95777 more Information to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  7. wigs commented on Jan 01

    … [Trackback]

    […] There you can find 29480 more Information to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  8. best replica rolex commented on Jan 07

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  9. regression testing solutions commented on Jan 16

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  10. George Foreman GR10A manuals commented on Jan 21

    … [Trackback]

    […] Here you can find 93953 additional Info to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]

  11. Canon QL19 manuals commented on Jan 21

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2013/10/14/jpmorgans-legal-woes-are-so-large-theyve-just-dented-the-sp-500s-growth-rate/ […]