Earnings Reporting Debate: Quarterly vs Semi-Annual

A heated debate is unfolding on Wall Street and in Washington about the frequency of corporate earnings reports. Some influential figures, including former President Donald Trump and JPMorgan Chase CEO Jamie Dimon, advocate for a shift from quarterly to semi-annual reporting, similar to European and Asian practices. The argument centers around whether quarterly reports encourage short-term thinking, potentially leading to corners being cut or decisions made solely for immediate results. However, critics like financial veterans Jim Chanos and former Treasury Secretary Lawrence Summers argue that frequent reporting ensures accountability and transparency, crucial to the success of Americas capital markets. The Long-Term Stock Exchange has petitioned the SEC to allow semi-annual reporting, a move that could reduce compliance costs but may also lead to less transparency and make it harder for investors to stay informed.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.