Clues to first-quarter profit out early

April 15, 2015 10:02 AM

54 0

Clues to first-quarter profit out early

Investors normally have to wait for weeks before getting a good grasp on how earnings season turned out. But the verdict on the first quarter will likely be reached much quicker – since so much is hinging on banks. The biggest of the big banks are reporting this week.

Analysts are calling for overall profit in the first quarter among companies in the Standard & Poor’s 500 to be down 3.2%, says S&P Capital IQ. If corporate profitability falls during the quarter, that would be the first time that’s happened since the third quarter of 2009 – amid the turmult of the ...

Also read: Saudi's Kingdom Holding Q3 net profit slumps 38.3 pct

Read more

To category page