You may not have realized this amid the grind of a busy earnings season, but corporate America has delivered a bang-up performance when it comes to profits.
With second quarter reporting season beginning to slow down, it's worth examining how companies have performed on the bottom line — especially as the S&P 500 (^GSPC) is hovering near fresh records.
The profit numbers are nothing short of stellar.
Second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since the second quarter of 2021, according to a new note from FactSet.
"We've never seen earnings growth this high outside of post-recessionary rebounds. This is an unprecedented boom fueled by massive EPS gains in big tech, including markups in ******* eX/Anthropic," Creative Planning chief market strategist Charlie Bilello said.
#season
With second quarter reporting season beginning to slow down, it's worth examining how companies have performed on the bottom line — especially as the S&P 500 (^GSPC) is hovering near fresh records.
The profit numbers are nothing short of stellar.
Second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since the second quarter of 2021, according to a new note from FactSet.
"We've never seen earnings growth this high outside of post-recessionary rebounds. This is an unprecedented boom fueled by massive EPS gains in big tech, including markups in ******* eX/Anthropic," Creative Planning chief market strategist Charlie Bilello said.
#season
9 days ago
