The second-quarter earnings season started in earnest on Thursday with disappointing reports from JPMorgan Chase & Co. and Morgan Stanley. On top of missing profit expectations, JPM also announced a temporary suspension of stock buybacks, as the bank looks to shore up its balance sheet should the U.S. economy slide into a recession in the coming months.
While expectations for second-quarter earnings growth remain relatively robust (according to FactSet, analysts expect earnings-per-share growth of 4.3% this quarter), Goldman…
