It is still early in the Q1 reporting cycle, with results from only 33 S&P 500 members out, as of April 15th. But the early results have been favorable, particularly from the major banks like JPMorgan (JPM - Free Report) , Citigroup (C - Free Report) and others.
We should keep in mind, however, that while results have been better relative to pre-season expectations, growth still remains challenged. You can see this in the comparison charts below that show the Finance sector’s Q1 results thus far and compare them to what we had seen from the same banks in other recent quarters.
As you can see above, a bigger proportion of companies are coming out with better than expected results, likely indicating that expectations may have fallen too much ahead of the start of this reporting season.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
It is still early in the Q1 reporting cycle, with results from only 33 S&P 500 members out, as of April 15th. But the early results have been favorable, particularly from the major banks like JPMorgan (JPM - Free Report) , Citigroup (C - Free Report) and others.
We should keep in mind, however, that while results have been better relative to pre-season expectations, growth still remains challenged. You can see this in the comparison charts below that show the Finance sector’s Q1 results thus far and compare them to what we had seen from the same banks in other recent quarters.
As you can see above, a bigger proportion of companies are coming out with better than expected results, likely indicating that expectations may have fallen too much ahead of the start of this reporting season.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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