Expectations are low for bank earnings but investors say 'buy'

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Expectations are low for bank earnings but investors say 'buy'Analysts expect second-quarter earnings per share (EPS) growth for the S&P 500 bank index of 11%, down from 14.4% on Jan. 1. Revenue growth expectations have dropped to 1.6% from 3.4%, according to the average of estimates gathered by Refinitiv. This is partly thanks to a flatter yield curve - the narrowing spread between short-term interest rates and long-term rates.


Read More: https://news.yahoo.com/expectations-low-bank-earnings-investors-115558153.html

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