Europe Inc's recession expected to deepen as third quarter earnings outlook dims: Refinitiv

LONDON - Europe’s corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession.

Earnings that grew by 14.4% in the same quarter a year earlier are seen posting their worst EPS since Q3 2016 when earnings fell 5%. Excluding the energy sector, Q3 earnings are expected to fall just 0.3% with revenue increasing 3.1%, the data showed.

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Bank of America is set to report third-quarter earnings — here's what the Street expectsUnder Moynihan, the firm has steadily trimmed expenses while holding the line on or increasing revenue. This network suffers so badly from TDS, that now everything they report is potential FakeNews because they just can’t help themselves!
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