The second-quarter earnings season begins in earnest this week, with nearly 70 companies reporting, including 29 S&P 500 members. Aggregate S&P 500 earnings for the second quarter are expected to rise 23.8% from a year ago on 11.3% higher revenues, a bar that has climbed nearly 7 percentage points over the past three months. JPMorgan, Wells Fargo, Citigroup, and Bank of America report Tuesday, with the finance sector overall projected to post 12.6% earnings growth on 8.4% revenue gains. Through July 10, 18 S&P 500 companies that have already reported show earnings up 143.3% on 24.3% revenue growth, with 88.9% beating EPS estimates and 77.8% beating revenue estimates.
Bank of America Corp
Wells Fargo & Company
Citigroup Inc.
JPMorgan Chase & Co
Johnson & Johnson
UnitedHealth Group Incorporated