The market is underestimating how great earnings will be, JP Morgan says
April 12, 2018 at 11:07 AM EDT
Blockbuster corporate profits that are even better than Wall Street anticipates will help steady the recent bout of market volatility and boost share prices, according to JP Morgan Chase. Earnings season is getting into full gear and will accelerate as big financial institutions this week and next report first-quarter activity and their expectations ahead.