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Strong December Jobs Supports Strong S&P 500 Earnings, But Maybe Not A Big Year For Stock Returns

Source: SeekingAlpha

2025-01-10 19:00:00 ET

Summary

  • By my count, 21 financial institutions are expected to report their Q4 ’24 earnings next week, including most of the bank and brokerage giants.
  • The forward 4 quarter (FFQE) jumped to $272.92 this week versus the $272.67 last week, and the $266.66 from the week of October 4, ’24.
  • The financial sector was expecting +1.8% EPS growth and +4.3% revenue growth in early October ’24, only to wind up with actual growth of +8.6% EPS growth and +7.8% revenue growth.

By my count, 21 financial institutions are expected to report their Q4 ’24 earnings next week, including most of the bank and brokerage giants that we all know and love....

Read the full article on Seeking Alpha

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Strong December Jobs Supports Strong S&P 500 Earnings, But Maybe Not A Big Year For Stock Returns
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