Corporate profits

U.S. GDP and corporate profits to soar in 2021: 5 choices

Since the start of the year, Wall Street has remained green, after an astonishing 2020, despite recent concerns about inflation and soaring long-term US sovereign bond yields. Stock markets are expected to move north, barring occasional swings supported by strong expectations for US GDP and corporate earnings growth this year. At this point, several large-cap […]

Corporate profits

Corporate profits to improve more and more: Credit Suisse

Jonathan Golub of Credit Suisse paints a more optimistic picture for US companies with the earnings season officially underway. “It’s going to get better as we move forward through 2021 for their earnings,” the company’s chief US equity strategist recently told CNBC’s “Trading Nation”. JPMorgan Chase, Citigroup and Wells Fargo kicked off the season on […]

Corporate profits

Corporate profits hit record high in September quarter: Crisil

Corporate profits rose 15% to an all-time high in the September quarter as margins widened on lower input costs and better utilization levels, the research industry said on Monday. from the main rating agency Crisil. From an absolute standpoint, earnings before interest, taxes, depreciation and amortization (Ebitda) hit a record Rs 1.60 lakh crore in […]

Corporate profits

Rise in corporate profits under the effect of wage compression, creating dangerous inequalities Nouriel Roubini

MUMBAI : The nice 25 percent increase in corporate profits in the September quarter amid a sharp contraction in GDP is explained by wage cuts, leading to increased inequality in India, economist Nouriel Roubini said on Thursday . This growing inequality is “dangerous” politically and socially because only a few people in the economy benefit […]

Corporate profits

Corporate profits hit a record $ 495 billion in the third quarter as the economy reopens

U.S. corporate profits hit a record $ 495.3 billion, or an annualized rate of 27.1%, in the third quarter, as consumer demand rebounded and businesses reopened, the reports showed. Commerce Department data released Wednesday. The increase comes after declines of 12% and 10.3% respectively in the first and second quarters. The sharp rebound in profits […]