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Wall Street's earnings fantasies may soon get harsh reality check - Reuters

Wall Street's earnings fantasies may soon get harsh reality check - Reuters

Wall Street's earnings fantasies may soon get harsh reality check Reuters

April 13, 2026 at 02:37 PM Original source
5 agencies covered this story

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Notable Quotes

"With the U.S. not coming to agreement or terms with Iran, it is likely that the Strait [of Hormuz] will remain under their control and that oil prices and thus gasoline, diesel and jet fuel prices keep rising due to the likely continued closure of the Strait."

— Patrick De Haan , Academic

"I expect things to be messy."

— Keith Lerner , Executive

"Some of the larger risks are much like tectonic plates, always moving and periodically causing earthquakes and volcanoes when they crash into each other."

— Jamie Dimon , Executive

"Of every dollar of earnings per share that GAAP blesses, shareholders see only 83.49 cents of that dollar."

— Michael Burry , Other

"Wall Street over the last 10 years guided investors to 42% more earnings than ever actually existed."

— Michael Burry , Other

"He estimated the company has overstated owners’ earnings by about 20%."

— Michael Burry , Other

"Burry also took aim at Tesla’s massive $1 trillion pay package for CEO Elon Musk."

— Elon Musk , Executive

All Coverage

Wall Street's earnings fantasies may soon get harsh reality check - Reuters
Reutersvia rss

<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxPTWtQd3hGcktRVXp6U3FMMS1ZYnFxUDlDa2dFdmRWR2xScDhhRk5BdkRaZkhITGZPdUZXeVhnRTJ4cE5DQWE2WU1fS01tTHozUFBGbExhNEt2Tjc1R0hiaGFJaDBjNW1SUzlBalBkYmxxVVVublI3cEk0Q0pGUGN2Mkl3M1k5VzJoaUFXRE5LenRJWWxSeXNoNVFpaFZyZGFiNmJJRGhCdWVTQ1EwdnlfSA?oc=5" target="_blank">Wall Street's earnings fantasies may soon get harsh reality check</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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