President Trump reiterates his support for public companies to report earnings every six months instead of quarterly. This move aims to cut costs and focus on long-term strategies. Notable figures like Warren Buffett and Jamie Dimon have criticized the current emphasis on quarterly earnings. The SEC may consider the change, but experts have mixed views on its impact.

While reducing the reporting frequency may ease CFOs’ workload, it could increase pressure during the semi-annual reports. Trump’s backing gives momentum to the initiative. The Long-Term Stock Exchange plans to petition the SEC for the change, supported by analysts. SEC Chair’s deregulatory stance may lead to action, though the process may take time.

The SEC’s decision could face resistance from investors who rely on quarterly reports for decision-making. The rule-making process usually involves public input and analysis, but the administration may fast-track it. The impact on Wall Street’s influence over the White House remains to be seen. The SEC has not commented on the matter.

Read more at Yahoo Finance: Trump-backed push to nix quarterly reports not ‘slam dunk’ for CFOs