It is still early in the Q1 reporting cycle, with results from only 33 S&P 500 members out, as of April 15th. But the early results have been favorable, particularly from the major banks like JPMorgan (JPM), Citigroup (C) and others.
We should keep in mind, however, that while results have been better relative to pre-season expectations, growth still remains challenged. You can see this in the comparison charts below that show the Finance sector’s Q1 results thus far and compare them to what we had seen from the same banks in other recent quarters.
As you can see above, a bigger proportion of companies are coming out with better than expected results, likely indicating that expectations may have fallen too much ahead of the start of this reporting season.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
Is your investment advisor fumbling your financial future? See how you can more effectively safeguard your retirement with a new Special Report "4 Warning Sings Your Investment Advisor Might be Sabotaging Your Financial Future." Click to get your free report.
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Citigroup Inc. (C) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research