As Big Banks Kick Off Earnings Season, Eyes On Executive Guidance, Credit Quality [Forbes]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
Last amtd idea group american depositary shares, each representing one class a ordinary share earnings: 4/22 04:01 pm
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Source: Forbes
Getty ImagesKey Takeaways:Financial sector companies step up to the line to report earnings soon, but in a way it’s too bad they can’t just pass on this snapshot and advance directly to Q2 earnings season.Not because Q2 results will necessarily be better than Q1 (they might actually be worse), but because investors tend to rely on bank CEOs for a clear perspective on the economic outlook. Executives might have a much better view of the full court in July than they do now.Like the rest of us, big bank leaders approach Q1 earnings season without a crystal ball. They don’t know how long the coronavirus emergency might last or what its eventual impact might be on their industry or on the other sectors that their lending supports. Things are likely to get rough, but how rough is the question.Today In: Destruction: The Cost Of Containment Is AstronomicalIMF Warns Will Hurt Global Economy ‘Way Worse’ Than 2008 Financial CrisisBy its very nature, the Financial sector is one that gets a court
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