From Nasdaq: 2024-09-18 19:55:00

Estimates for Q3 2024 have decreased since the start of the period, with S&P 500 earnings expected to be up +3.5% on +4.6% higher revenues. Some sectors to have double-digit year-over-year gains, but Energy and Conglomerates are the biggest decliners. Tech sector earnings expected to grow +11.4% for the 5th consecutive quarter.

JPMorgan and other big banks are expected to report Q3 2024 earnings soon. Pressure on net interest incomes due to Fed easing policy, but banking benefits from loan demand and investment banking activities. JPMorgan’s stock remains strong, despite the possibility of Q3 earnings decline.

The core banking business has faced challenges, with flat net interest income and weakening credit quality metrics. Moderating macroeconomic backdrop continues to impact trends. Capital markets business expected to show strong year-over-year gains in investment banking activity. Negative trend in Q3 earnings estimates widespread across sectors.

Earnings growth expected to improve from next quarter onwards. Chart shows Q3 earnings picture and annual earnings outlook. Finance sector revenue weakness has impacted overall earnings growth. Semiconductor stock poised for growth, with expanding customer base. Global semiconductor manufacturing projected to grow significantly by 2028.



Read more at Nasdaq:: The Q3 Earnings Season Gets Underway