Earnings Season

Q2 Earnings Reporting Season Starts With the Big Banks

Jul 11, 2023 2 min read paid

The Q2 earnings season starts off this week with the major banks reporting their results. Based on weekly data provided by the Fed, we know that loans and leases at the large domestic banks rose modestly by 3.0% y/y through the end of June (chart). There's no sign of a credit crunch so far following March's banking crisis, which was quickly contained by the

Ed Yardeni

S&P 500 Consensus Forecasts Relatively Steady Recently

Dec 19, 2022 1 min read paid

We now have analysts' consensus estimates for the operating earnings per share of the S&P 500 through the December 15 week. They lowered their forecast for Q4-2022, now showing a gain of only 0.4% y/y. The actual results will be released by the companies during the upcoming earnings reporting season in January and February. The analysts' estimates for the four quarters of next year

Ed Yardeni

No Recession In Banking & Production

Oct 18, 2022 1 min read paid

The S&P had another good day today following relatively upbeat reports from the banks about their business. The two largest banks in America say that the economy is still growing. On Monday, BOA CEO Brian Moynihan said, “Consumers are spending, they have money, they are employed and they have good credit.” On Friday, at the end of last week, even JPM CEO Jamie Dimon acknowledged, "Consumers are

Ed Yardeni

Apple & FedEx Spook the Market

Sep 29, 2022 1 min read

Halloween is a month away. The Q3 earnings season starts early next month. But analysts and investors are already getting spooked by a rotten Apple forecast and frightening guidance from FedEx: (1) Apple shares declined nearly 5% today as Bank of America cut its rating to neutral from buy (chart). It fell yesterday on a report that the company has told suppliers to scrap plans to increase iPhone 14 production.

Ed Yardeni

Page 2 of 2

Q2 Earnings Reporting Season Starts With the Big Banks

S&P 500 Consensus Forecasts Relatively Steady Recently

No Recession In Banking & Production

Apple & FedEx Spook the Market