BANK OF AMERICA: These 5 trends emerged from companies' first-quarter earnings reports - Business Insider

Profit- and revenue-estimate cuts slowed through May, the bank said in a Monday note, signaling that a market floor could be emerging. First-quarter results broadly landed 9% below analyst hopes and 15% lower than their year-ago levels. Yet economists expect the second quarter to feature the greatest fallout as layoffs intensified and credit struggles turned into bankruptcies.

Even as uncertainty continues to cloud the investing landscape, key patterns could guide investors toward safe havens and away from dangerous sectors. Here are the five trends Bank of America found in first-quarter reports.Non-financial net margins sank to their lowest since the start of 2017 through the first quarter, the team led by Savita Subramanian said.

Bank of America's Corporate Misery Indicator also flashed a dire signal over the quarter, hinting at both a macro and micro hit to companies' margin expansion efforts.After being closed for several weeks due to the coronavirus outbreak, Chandler Fashion Center Mall welcomes back patrons with many social distancing guideline signs Sunday, May 17, 2020, in Chandler, Ariz.

The trend has continued into the current quarter, with certain industries quickly returning to past highs. Tech, in particular, has thrived as investors bet on such firms to ride out the pandemic.Companies generally shifted from generous stock buybacks and dividend programs to conserving cash where needed. About one-fifth of firms suspended buybacks, and 10% of companies either ended or slashed dividend payments, the team wrote.

Those suspending their forecasts didn't enjoy much empathy from investors. Only 21% of such firms beat earnings estimates in the first quarter compared to 33% for companies keeping their guidance.

Bank of America.. they will fee you to death.. and then give you a fee for dying

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