Prolonged war and oil prices threaten Wall Street earnings
after close1 source ↓written by the desknot a recommendation
- for S&P 500
- 17% EPS growth
A report by BofA Securities warns that a prolonged war and high oil prices could jeopardize global financial markets, particularly impacting Wall Street earnings. The consensus forecasts expect 17% EPS growth for S&P 500 companies over the next year, but sustained high oil prices may challenge these projections.
Not investment advice. For informational purposes only.