The second quarter reporting season is off to a great start, and it looks as if the worst of the profit recession is behind us, that’s the key takeaway of a new equity market research report from Deutsche Bank published at the end of last week.
It looks as if the worst of the profit recession is behind us
Deutsche’s figures show that the second quarter earnings season is off to a great start. 40% of companies in the S&P 500 have reported earnings and the average earnings per share beat is 5% or 5.6% excluding financials.
Analyst Expect S&P 500 Earnings to Sink for Q3
Big banks including JP Morgan, Citigroup, Bank of America and Goldman Sachs all beat on good...
