The biggest gains won’t come from Big Tech.
Financials should be the biggest profit gainers this earnings season — but as Trump returns, trends could be “much more volatile than Trump 1.0,” analyst says.
Fourth-quarter earnings season is here. Wall Street expects the best profit growth in three years — led by the financial industry, as consumers keep hanging on while prices keep going higher. For the whole year, forecasts call for similarly strong gains.
But when executives — from the big banks like JPMorgan Chase & Co.
JPM
+1.33%
this week, followed by Big Tech companies and everyone else in the weeks to come — talk over the results with analysts, the focus could come down to one person: President-elect Donald Trump.
By Bill Peters Market Watch
