Investors should be encouraged that IBM’s management team is openly optimistic that these strong earnings performances will continue this quarter and into 2010.
An improving credit environment will result in strong earnings from JP Morgan in the fourth quarter that will exceed Wall Street’s expectations for the eighth consecutive quarter.
We are anticipating another blowout quarter from Apple that will easily exceed both Wall Street’s consensus expectations as well as the company own notoriously-conservative guidance.
After easily exceeding Wall Street’s consensus estimates the last two quarters, we expect Citigroup to only marginally exceed the Street’s expectations this quarter.