Stocks Analysis by Christine Short covering: S&P 500, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc. Read Christine Short's latest article on Investing.com
Banks such as JPM, C and GS started the earnings season off on a positive note when all beat expectations on the top and bottom lines.
As far as other sectors are concerned, Information Technology and Communication Services both remain among the leaders on the top and bottom line, while Energy, Materials, and Industrials are all expected to post YoY declines on both metrics.EPS growth is expected to hit 12.5%, which would be the best profit growth in three years and a big improvement over Q3’s 4.6% result. Note that 12.
The official pre-peak season LERI reading for Q4 stands at 65, well below the baseline reading, suggesting companies are feeling more certain about economic conditions than they were for the last three quarters. As of January 15, there were 61 late outliers and 85 early outliers. We'll be on the lookout for other measures of CEO sentiment, especially The Conference Board Measure of CEO Confidence which should be released in the next week or two and usually moves similarly to the LERI.The Q4 season has gotten off to a slow start as it usually does, and peak season is still two weeks away, but this week there is no lack of interesting results to tune in for.
Citigroup Inc Bank Of America Corp Goldman Sachs Group Inc
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