Published on 8 Oct 2021 on Zacks via Yahoo Finance
How Will Bank ETFs Fare This Earnings Season?
Big banks will start releasing their quarterly numbers next week. The outlook is pretty bullish this time thanks to economic improvement and a rise in yields. Let’s delve into the earnings potential of the big six banking companies that could drive the performance of the sector ahead.
According to our methodology, a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) when combined with a positive Earnings ESP increases our chances of predicting an earnings beat, while companies with a Zacks Rank #4 or 5 (Sell rated) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Inside Our Surprise Prediction