Earnings Growth Seen in Double-Digits, BofA Survey
Dow Jones
Aug 18
1024 GMT - Investors are more confident in global corporate earnings growth than at any time since August 2021, Bank of America's global fund manager survey for August finds. A net 37% of money managers expect earnings to grow by 10% or more over the next 12 month, the survey says. Investors responded to the survey over the second week of August amid a bumper earnings season that has driven equity markets to record highs. Of the first 440 S&P 500 companies to report earnings, 86% beat analyst estimates, according to FactSet data earlier this month.
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