JPMorgan, Citi Are Divided on Corporate America’s Profit Outlook
- Matejka says fading pricing power to crimp revenues, margins
- Citi’s Chronert sees resilient profit growth even in recession
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Some of Wall Street’s top strategists are divided when it comes to Corporate America’s earnings outlook next year.
While Citigroup Inc.’s Scott Chronert expects profits to hold up even if the economy slips into a recession, JPMorgan Chase & Co. strategist Mislav Matejka says diminishing pricing power would crimp overall revenue and margins regardless of whether growth contracts.