The major banks kicked off fourth quarter earnings season Friday, and with inflation still at the highest in generations and a potential recession on the horizon, investors have been waiting for companies' earnings expectations to come down. The financial sector typically sets the tone for what the next few weeks of earnings could look like and, on Friday morning, the CEOs of all four of the major U.S. banks warned about "mild recessions" potentially coming their way in 2023.
Pro gathered the names of 20 companies that are poised to grow earnings at least 20% in 2023, with some set to post to more than 90% earnings growth, using data from FactSet. Each stock on our list has implied upside of at least 20%, based on analysts' consensus price target. Here are the stocks: Wells Fargo is the one financial stock in the group. It could grow earnings nearly 63% this year.
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