Collapsing JP Morgan Stock is Signaling Wall Street’s Worst Fears for the Economy
Collapsing JP Morgan Stock is Signaling Wall Street’s Worst Fears for the Economy. As the chart below shows, JP Morgan’s share price is about to break through March lows. That means expectations are shares could go substantially lower amid analyst forecasts that earnings may fall 50% in 2020. In fact, many analysts are predicting earnings won’t recover to 2019 levels until 2022 as a result of falling interest rates and a collapsing economy. As the banking industry leader, big trouble for JPM means big trouble for the whole sector and the economy, possibly into 2022.