As of this morning, 256 of the S&P 500 companies (just over 50%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 172 or 67%
- Companies Matching Estimates: 28 or 11%
- Companies Falling Below Estimates: 56 or 22%
So far, the Tech sector has had some of the biggest surprises to the upside. In absolute dollars, CIT Group leads with its $944 million surprise followed by Bank of America's $847 million, Citigroup's $634 million and Goldman Sachs' $519 million surprise.