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The outlook for the stock market's most important driver just keeps getting better.
S&P 500 (^GSPC) earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America.
This comes as earnings estimates for future quarters are on the rise too. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In...
>>> Read more: A 'robust' earnings outlook is driving further optimism for stocks in 2024
S&P 500 (^GSPC) earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America.
This comes as earnings estimates for future quarters are on the rise too. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In...
>>> Read more: A 'robust' earnings outlook is driving further optimism for stocks in 2024
