Why company earnings are so upbeat despite recession, credit-crunch risks

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The earnings season is off to a strong start even as recession looms and a credit squeeze sets in. Here's why, according to experts.

According to Bank of America, S&P 500 companies are off to their best start to an earnings season in more than a decade.

Here's why earnings are holding up even during economic and financial uncertainty, according to market experts and analysts. Jeremy SiegelWhile they're"good," he said, they don't reflect the chaos that engulfed the US banking sector following the failures of Silicon Valley Bank - the biggest since 2008 - and Signature Bank.

. That would typically have a negative effect on companies, given they'd find it tougher to borrow – which could hurt their business operations and chip away at earnings.

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