Reported about 4 hours ago
Ohsung Kwon, a strategist at Bank of America, discusses the upcoming Q3 earnings season, emphasizing its difficulties due to a weak macroeconomic environment. He expects only a modest year-over-year EPS increase of 4%, a significant slowdown from the 11% growth in Q2. Kwon notes that the real focus will be on companies’ future outlooks amid recent rate cuts and a recovering sentiment, rather than the immediate earnings results.
Source: YAHOO