Q1 earnings show strong growth led by banks
pre-market1 source ↓written by the desknot a recommendation
- due to rising
- 20.9%
The June quarter earnings have begun positively, with revenue growth at 17.5% and net profit up 14.5% year-on-year, driven by major banks. This marks the fastest growth in nine quarters, despite a contraction in operating margins to 20.9% due to rising input costs. Traders should note the implications for banking stocks amid this growth trend.
Not investment advice. For informational purposes only.