Bank of America Throws In The Towel: “The Profits Recovery Won’t Live Up To Expectations”
by Tyler Durden
ZeroHedge.com
Jul 9, 2016
“In the wake of the weaker-than-our-expected 1Q results and recent macro headwinds, we are trimming our S&P 500 EPS forecasts by 3% in 2016 and 2% in 2017. Given the S&P 500’s 15% rally since mid- February, we are concerned that much of the improvement in earnings growth may already be priced in, especially with signs that earnings revision trends may be rolling over.”
The Rest…HERE
