Bank and brokerage stocks kick off third-quarter earnings on Monday but they're not among the winning or losing industries, BAML analysts said.
Earnings season kicks off on Monday, and Bank of America Merrill Lynch analysts are projecting which sectors will impress investors and which are most likely to stumble. US banks and brokerages account for many of next week's reports and begin reporting earnings on October 15. BAML analysts expect the insurance, REIT, and utilities industries to post the biggest earnings wins. They anticipate the energy, aerospace/defense, and basic materials sectors to announce the biggest losses.
Earnings season kicks off on Monday, and Bank of America Merrill Lynch analysts are projecting which sectors will impress investors and which are most likely to stumble. US banks and brokerages account for many of next week's reports and begin reporting earnings on October 15. BAML analysts expect the insurance, REIT, and utilities industries to post the biggest earnings wins. They anticipate the energy, aerospace/defense, and basic materials sectors to announce the biggest losses.
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