{"id":84487,"date":"2023-05-25T14:54:28","date_gmt":"2023-05-25T10:54:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84487"},"modified":"2023-05-25T14:54:31","modified_gmt":"2023-05-25T10:54:31","slug":"bank-of-america-raises-sp-500-eps-outlook-on-strong-q1-earnings","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-america-raises-sp-500-eps-outlook-on-strong-q1-earnings\/05\/25\/market-updates\/","title":{"rendered":"Bank of America raises S&#038;P 500 EPS outlook on strong Q1 earnings"},"content":{"rendered":"\n<p>As the first quarter earnings season proved to be stronger than expected, Bank of America analysts increased their forecast for what the S&amp;P 500 may earn in 2023.<\/p>\n\n\n\n<p>The updated S&amp;P 500 profits per share forecast is $215, up from $200 before, marking a 5% earnings beat in Q1. According to strategists, the &#8220;strong&#8221; results once again highlighted Corporate America&#8217;s capacity to sustain profits.<\/p>\n\n\n\n<p>BofA now forecasts that Q2 will be the quarterly trough (-8% YoY) and Q3 will be the trailing 12-month trough (-4% peak-to-trough).<\/p>\n\n\n\n<p>The firm predicts the S&amp;P 500 to earn $235 in 2024, reflecting a 9% increase year on year following a 1% decrease this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the first quarter earnings season proved to be stronger than expected, Bank of America analysts increased their forecast for what the S&amp;P 500 may earn in 2023. The updated S&amp;P 500 profits per share forecast is $215, up from $200 before, marking a 5% earnings beat in Q1. According to strategists, the &#8220;strong&#8221; results &hellip;<\/p>\n","protected":false},"author":9,"featured_media":39973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[9926,7113,8379],"class_list":["post-84487","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-citi","tag-earnings","tag-volkswagen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84487"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84487\/revisions"}],"predecessor-version":[{"id":84488,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84487\/revisions\/84488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39973"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}