S&P 500 companies just had their best start to an earnings season since 2012, despite fears of a credit crunch

Tue, 04/18/2023 - 05:12

NYSE — 90% of S&P 500 companies beat their EPS targets – putting the index on track for its best start to an earnings season since at least 2012, according to Bank of America.
Spencer Platt/Getty Images

90% of the S&P 500 companies that filed quarterly earnings last week beat Wall Street's targets.
That's the index's best start to an earnings season since at least 2012, Bank of America said.
The robust profits came despite investors' fears that banking turmoil will fuel a credit crunch.

S&P 500 companies are off to their best start to an earnings season in over a decade, despite lingering fears that last month's banking turmoil will lead to a credit crunch that chips away at corporate profits.