Regarding Corporate America’s Profit Outlook, JPMorgan and Citi Are Split
Even if the economy enters a recession, Citigroup Inc.’s Scott Chronert anticipates profitability to remain strong. However, strategist Mislav Matejka of JPMorgan Chase & Co. believes that declining pricing power will reduce total sales and margins, regardless of whether growth slows down. Matejka stated in a note that profit growth next year “could end up … Read more