Mega-Cap Tech Earnings Loom: A Week Before Elections, Investors Brace for Impact

The big tech companies, or the so-called Mega-cap 7, do not report their Q3 ’24 financial results until Halloween week:market cap and earnings weight that will all get reported in a 72 hour time span at the end of October, just a week before the Presidential election.

There have only been 75 companies reporting Q3 ’24 to date. The EPS upside surprise is +6.4%. That’s still a little lower than Q2 ’24 at +8%, but still healthy.It’s the last week of the month where we get the big mega-caps reporting so we have another week to bide our time, and watch the action. JPMorgan is having a tough time making a new all-time high, despite it’s good quarter. There is still a wet blanket over the major banks as net interest income is expected to be lower in calendar ’25.) was that they guided ’25 revenue to be between $43 – $44 billion, or inline with the current consensus estimate of $43.5 billion, the surprise being they are giving that guidance 90 days ahead of their Q4 ’24 financial release, which is when investors and analysts usually get next years guidance.

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