Top Banks' 4Q Earnings Estimates Pared Despite Cost Cuts: Chart

The biggest U.S. banks may be cutting costs, but that’s not making analysts any more optimistic.

Average fourth-quarter earnings estimates for the six largest banks by market capitalization -- Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group and Morgan Stanley -- have all fallen since 2016 dawned. All six report this week or next, starting with JPMorgan on Jan. 14.

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