NEW YORK, Oct 4 - A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs.
"One of the few rationales that the bulls can make for these lofty multiples is that earnings growth keeps coming in at high levels," said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute."With prices having run up, you really do need that earnings growth to come in probably at much better than expected levels."
"The market's a little bit over its skis here," Ablin said."It's certainly anticipating some pretty strong earnings and dividend growth." Bank results offer an important view into the economy, including the state of delinquencies and loan demand, said Bryant VanCronkhite, senior portfolio manager at Allspring Global Investments.
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