IBM forecast 2016 adjusted earnings of at least $13.50 per share, missing analysts' average estimate of $15 per share
NEW YORK: International Business Machines Corp is in an unusual fix in telling big US banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
IBM is in a good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
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