Q3 earnings downgrades have been significant, JPMorgan says

Investing.com -- Third-quarter earnings downgrades have been significant across major regions, with persistent cuts in both the U.S. and Eurozone, JPMorgan strategists said, reflecting growing concerns about slowing topline growth and macro uncertainty.companies has been substantially lowered. It notes that"the hurdle rate has come down for Q3, suggesting the bar for surprises is lower."

“The differential between Mag-7 and the rest of S&P500 earnings growth is likely to continue narrowing,” the note writes. Regionally, European earnings have faced even more significant cuts than in the U.S. For the Eurozone, Q3 EPS growth projections have shifted from 4% growth to a 2% contraction. “Profit margins at index level are above past averages, in both the US and in Europe. They could stay so, barring some mix deterioration,” the firm added.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and moreThese are the stocks posting the largest moves in premarket trading.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Stocks @ Night: S&P 500 Pullback, JPMorgan Earnings, and MoreCNBC's producers highlight market movements as the S&P 500 retreats from its record high, focusing on JPMorgan Chase's earnings release, sector trends, and heavily shorted stocks.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

JPMorgan profit beats estimates on investment-banking strength, shares jumpJPMorgan profit beats estimates on investment-banking strength, shares jump
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

JPMorgan surges 5% on Q3 earnings beatJPMorgan (JPM) stock surged over 5% on Friday after the nation’s largest bank released earnings that strongly beat consensus.
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »