Financial institution of America level to a powerful earnings season

Financial institution of America on Q3 earnings:

• almost 80% of S&P 500 index have reported up to now
• indicators that the season will stay sturdy
• consensus EPS is now up 2% vs. the place it stood as of October 1, which suggests its monitoring +6% YoY, consistent with our forecast
• 68%/57%/45% beat on EPS/gross sales/each up to now, in comparison with the historic common of 59%/59%/41% and final quarter’s 71%/56%/46%
• mentions of weak demand have jumped however indicators its bottomed …. worst in de-stocking is behind us

S&P 500 replace:

The quantity of phrases which have been written about this tiny pullback …. sheesh.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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