Several regional financials set to report this week could rally after their earnings reports, according to Bespoke Investment Group. Earnings season is heating up, and investors' expectations are strong leading up to several financial reports due next week. For the third quarter, the estimated year-over-year earnings growth rate for the S & P 500 is 4.2% — which would mark the fifth straight quarter of year-over-year earnings growth for the index if it happens, according to FactSet.
14% dividend yield and low debt-to-equity ratio of 52.5%, making it an attractive play as the Federal Reserve's rate-cutting cycle kicks off. Western Alliance , another regional banking stock, has a strong earnings beat rate of 88% and average move of roughly 2.1% following earnings. It's set to report results on Oct. 17.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News12 - 🏆 591. / 51 Read more »
Source: verge - 🏆 94. / 67 Read more »