With EPS beta around 7 to GDP, JPM expects 70% hit to earnings in 2Q2020. 
Profits won't recover their pre-pandemic baseline until some time in 2022 if not 2023, think about those forward P/E 2023 multiples.

https://t.co/x4Hn2wGSL3

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#bearmarket https://t.co/8VeYybqexH