How bad will earnings be? Nobody really knows
4 years, 8 months ago

How bad will earnings be? Nobody really knows

CNN  

Editor’s Note: A version of this story first appeared in CNN Business’ Before the Bell newsletter. According to estimates from FactSet, earnings for S&P 500 companies are expected to fall 10% in the first quarter compared to a year ago. Banks kick off first quarter earnings season Most of the coming week’s big earnings are in the financial sector. BlackRock, the asset manager that owns the iShares family of ETFs, and State Street, which runs the SPDR sector ETFs, will both report their first quarter earnings. Up next Monday: Major exchanges in Europe as well as the Hong Kong Stock Exchange are closed for Easter Monday Tuesday: JPMorgan Chase, Wells Fargo and Johnson & Johnson earnings Wednesday: UnitedHealth, Bank of America, Citigroup and Goldman Sachs earnings; US retail sales and industrial production reports for March Thursday: BlackRock earnings; US weekly initial unemployment claims and housing starts report for March Friday: Schlumberger and State Street earnings; Eurozone consumer price inflation report for March

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Weak earnings in near term won’t be a negative surprise for markets: Kotak Mahindra S'pore's Nitin Jain
3 days, 20 hours ago

Weak earnings in near term won’t be a negative surprise for markets: Kotak Mahindra S'pore's Nitin Jain

Live Mint  

On the flip side, any positive trigger will be lapped up by investors and could result in sharp upside moves, said Jain, chief executive officer at the asset manager. Yes, there were some challenges on economic growth and earnings in the September quarter; and we also had large selling by foreign investors in the last quarter. So, it's going to …

Earnings expected to plunge again but there are hopeful signs
4 years, 3 months ago

Earnings expected to plunge again but there are hopeful signs

CNN  

New York CNN Business — The third quarter is over and Corporate America will soon be reporting just how awful their latest earnings were during the Covid-19 pandemic and recession. But investors have gotten some hopeful signs lately: Wall Street analysts have boosted their earnings forecasts slightly for the third quarter, according to FactSet Research. Analysts also expect continued improvement …

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