Q4 earnings season set to begin with positive expectations, especially in Finance sector.

From Zacks Investment Research: 2025-01-03 19:18:25

The first earnings season of the New Year will kick off on January 10th, with big banks reporting Q4 2024 results. Expectations are for S&P 500 index earnings to be up +7.6% on +4.7% higher revenues. Finance, Consumer Discretionary, Technology, Business Services, and Autos sectors have seen positive revisions. Wells Fargo and JPMorgan will report on January 10th and January 15th, respectively. Wells Fargo is expected to earn $1.33 per share in Q4, while JPMorgan is expected to earn $3.86 per share. The Finance sector is one of three sectors expected to see double-digit earnings growth in Q4. The Magnificent 7 group is expected to drive growth in Q4, with earnings up +20.7% from last year.



Read more at Zacks Investment Research: Q4 Earnings Season Looms: A Preview – January 3, 2025