The Q3 earnings season kicks off with almost 80 companies, including 35 S&P 500 members, reporting results. Positive estimate revisions trend since July sets up a strong season, with expected earnings growth of +5.7% and revenue growth of +6.1%. Finance and Tech sectors lead revisions trend, while Basic Materials and Medical face pressure.

JPMorgan, Bank of America, and other key players in the Finance sector set to report this week. JPMorgan expected to report +10.5% earnings growth, while Bank of America anticipates +16.1% EPS growth. Positive revisions trend in Finance and Tech sectors fuel optimism for Q4 earnings.

Early Q3 earnings show +9.1% total earnings growth and +6.4% revenue growth from 23 S&P 500 members. 78.3% beat EPS estimates, and 82.6% beat revenue estimates. Momentum seen in revenue side. Continued positive trend expected in Q4 earnings season.

Top picks for earnings season include JPMorgan and Bank of America, with expected strong performances. Finance sector as a whole expected to see +12.7% earnings growth on +6% revenue growth. Q3 earnings and revenue growth rates set to exceed expectations, with positive revisions trends in key sectors.

Read more at Nasdaq: Q3 Earnings Season Setup Remains Favorable: What to Know