As of this morning, about 10% of the S&P 500 companies have reported earnings.
Here's how things stand so far:
- Companies Exceeding EPS Estimates: 9%
- Companies Matching EPS Estimates: 1%
- Companies Falling Below EPS Estimates: 1%
Bank of America had the biggest percent surprise to the upside followed by Micron Technology . In absolute dollars, Bank of America also leads the list with a surprise of nearly $4 billion, followed by JPMorgan with a $1.7 billion gain.
On the downside, Charles Schwab had the largest percent drop, reporting a -9% miss. In absolute dollars, General Electric , the parent company of NBC/CNBC, leads with its $496 million negative surprise.
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