TRND - Financial Sector's Expected 2020 And 2021 EPS And Revenue Growth

• The expected 2020 EPS growth rate for the Financial sector improved from -36% to -32% by the end of July '20 but has remained stagnant since.
• 2021's expected revenue growth was greater than the 2020 percentage decline until April 10th, and then, 2020's expected percentage decline eclipsed 2021's expected revenue growth, and the difference has grown since.
• Banks have an excess of capital today, pending the addition to credit losses expected in the Q3 earnings releases, but at some point, the Fed will likely allow the return of capital once again via share buybacks. The big question is, when will that happen and what will be the impact on EPS?

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