As of this morning, 143 of the S&P 500 companies (just under 30%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 88 or 62%
- Companies Matching Estimates: 21 or 15%
- Companies Falling Below Estimates: 34 or 24%
So far, the financial sector has had some of the biggest surprises to the upside, with Keycorp reporting EPS that was 54% above expectations. In absolute dollars, Morgan Stanley still leads with its $444 million surprise followed by Goldman Sachs with a $295 million surprise.