Same quarter, same business segment, but two completely opposite numbers. JPMorgan says investment banking fees will rise by double digits, while Bank of America says they'll drop by at least 10%. For options, Goldman Sachs is priced with a 2.8-point volatility, while JPMorgan gets 2.5 points. Goldman has only moved an average of 2 points post-earnings over the past eight quarters. Today, the financial sector is in the red, while the Nasdaq is in the green. Money is flowing into banks first today. One reports pre-market tomorrow, the other pre-market the day after. The two numbers differ by over 20 points. One of them has to be wrong. I’m betting the one adjusting the numbers upward is the one that’s off. #Finance #Markets #Investing