Profits among companies in the S&P 500 are still expected to decline sharply from last year, but analysts have been lifting their estimates over the course of the quarter—a move that goes against the norm. Typically, earnings expectations decline as a quarter progresses.
With the economy continuing to slowly reopen, profits of the large U.S. companies in the flagship stock index are now projected to drop 20% from a year earlier in the third quarter. That is an improvement from the 25% decline anticipated at the end of June and the 32% drop reported for the second quarter.
Money managers will see how those expectations match up with reality as earnings season kicks off in earnest this week. JPMorgan Chase & Co. is set to report Tuesday, followed by Bank of America Corp. and Wells Fargo & Co. Wednesday. Results from other bellwethers including Johnson & Johnson , Delta Air Lines Inc. and UnitedHealth Group Inc. are also on tap.
“The actual numbers when they’re reported are going to be much more crucial for the market to interpret, to get a sense really how well this patient is healing,” said Frank Panayotou, managing director and private wealth adviser at UBS.
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Dear GOD/JESUS/ALLAH/SHIV/VISHNU/Jade Emperor/Kami/Yahweh/Nanak/Buddha/etc. When will you make my nonsense twitter account ITProfess_Actor VIRAL for the welfare of your planet ? YES...I'm too worthless to get your blessings..to pray to you..to ask for forgiveness I'm beggar.
FROM NOW AFTER ANALYZING ALL THE WORLD POLITIC'S RESULT,INDIAN PRESIDENT RAM NATH KOVIND IS THE HOPE FOR WORLD PEACE AND TO PREVENT FROM CHINESE WAR BY BHARATIYA JANATA PARTY OF INDIA ,NOW I PROUD INDIAN BJP,
$UPS
We can lose all these gains with a Harris/Biden win! Yes if you think Biden is going to be running the show you are part of the problem. Vote Red Trump2020
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if some one love USA prosperous he will vote for TRUMP. i think only BLM movement supporters will vote for Biden.
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