Brace for big cuts to corporate earnings forecasts: Bank of America

Companies will continue to deliver big cuts to earnings expectations in a tighter credit environment, Bank of America said.

Cuts to earnings estimates tend to accelerate once the economy enters a recession, the bank warned. And so far, cuts this year are lagging those seen in prior downturns. And following the 2008 financial crisis, earnings per share estimates were cut six quarters straight by an average 20% per quarter.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Oman's Ahli Bank disapproves merger offer from Bank DhofarAhli Bank in Oman said on Wednesday its board disapproved a merger offer from Oman's second-biggest lender Bank Dhofar .
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »