Third Quarter Earnings and the Economy
Third Quarter Earnings and the Economy
Earnings season is kicking off, with several major banks reporting their quarterly results this week. These results can often serve as a barometer for the greater economy at-large, given that many sectors and industries interact with banks as they secure financing, issue debt and equity to investors, trade to hedge commodity prices, and navigate myriad other requirements in the course of business operations.
As this article highlights, “initial public offerings (IPOs) and mergers and acquisitions (M&A) are accelerating here in the Q4 across multiple industries. The surge began around mid-year, and may be enough to help buttress Q3 earnings.” The bank earnings results should help shed light on the efficacy of recent efforts to reopen and stimulate the economy.
Read more on this subject here
- Anthony Winkels is Managing Partner and Wealth Advisor at Fortis Wealth Management
