JPMorgan strategists say U.S. corporate earnings are better than Europe's

WendyCS

2024-02-09 08:38:31

Data JPMorgan Chase & Co. said earnings and sales in the U.S. significantly outpaced Europe, which underpinned people’s preference for the region. Strategists led by Mislav Matejka wrote that earnings per share in the United States and Europe increased by 13% for the second consecutive quarter after 60% of American companies and a third of European companies reported. In the U.S., EPS beat expectations by 78%, with EPS growing at +5% YoY. In Europe, earnings per share beat expectations by 50%, and the fourth quarter looked to be another weak quarter, with earnings per share falling 8%.

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