Bank of America: Q3 Earnings Season Kicks Off, Investors Will Enjoy a "Stock-Picking Paradise"

Zhitong
2024.10.09 07:01
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Bank of America stated that the third quarter will be an "excellent environment" for stock pickers, with the performance of S&P 500 index constituents driving a significant portion of the index's returns. The bank's stock and quant strategists pointed out that the pricing in the derivatives market reflects the highest implied volatility since the release of individual stock earnings reports since 2021. Following the Fed's rate cut, it is expected that company earnings will play a larger role in future returns. S&P 500 constituents, including Domino's Pizza and JP Morgan, will announce their earnings this week