News Formal

Brace for big cuts to corporate earnings forecasts: Bank of America

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Sverige Nyheter Nyheter

Brace for big cuts to corporate earnings as companies adjust to a tougher credit environment, Bank of America says

Companies will continue to deliver big cuts to earnings expectations in a tighter credit environment, Bank of America said.

Cuts to earnings estimates tend to accelerate once the economy enters a recession, the bank warned. And so far, cuts this year are lagging those seen in prior downturns. And following the 2008 financial crisis, earnings per share estimates were cut six quarters straight by an average 20% per quarter.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oman's Ahli Bank disapproves merger offer from Bank DhofarAhli Bank in Oman said on Wednesday its board disapproved a merger offer from Oman's second-biggest lender Bank Dhofar .
Källa: Reuters - 🏆 2. / 97 Läs mer »