JPMorgan Chase CEO Jamie Dimon stated that he anticipates a decline in S&P 500 earnings estimates due to the uncertainty surrounding trade negotiations. During a press call discussing first-quarter earnings, JPMorgan CFO Jeremy Barnum mentioned that the bank has no plans to withdraw its guidance, which depends on economic conditions and interest rate movements. However, Dimon noted that several companies have already withdrawn their guidance, and he expects this trend to continue. Analysts have recently reduced their S&P 500 earnings estimates by approximately 5%, and Dimon predicts further reductions. This period of uncertainty is affecting corporate decision-making, with businesses adopting a wait-and-see approach, leading to a slowdown in acquisitions and investments. Dimon emphasized that both large and middle-market companies are exercising caution in their investment strategies. — new from CNBC
