U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…
Wall Street Expects Big Drop in Corporate Earnings and More Layoffs Starting January: Analysts
January 10, 2023
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Morgan Stanley Warns of Something Worse Than a ‘Normal Recession’
September 27, 2022
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Morgan Stanley’s Chief U.S. Equity Strategist Michael Wilson said that he’s convinced a corporate earnings recession is coming—and that it could be worse than a “normal” recession. Wilson said in a Sept. 26 interview with CNBC’s “Squawk Box” that his team at Morgan Stanley is looking closely at the U.S. business earnings story and the impact…
US Banks Release Glowing 3Q Earnings as Sector Moves on From Pandemic
From JPMorgan Chase to Citigroup, some of America’s largest banks released their quarterly earnings results this week, and the numbers suggest that these financial institutions are leaving behind the coronavirus pandemic. Bank stocks could extend their rally now that the latest figures show businesses and individuals are borrowing again. Bank of America Beats Analysts’ Forecasts…
Rising Business Costs and Consumer Inflation in Focus as Earnings Season Kicks Off
As the third-quarter corporate earnings season gets underway this week, markets are about to get a sense of the degree to which rising business input costs were absorbed by firms and pulled down their bottom lines. Nineteen S&P 500 firms report earnings this week starting with the big banks. According to Refinitiv IBES forecasts, profit…
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