The bank’s chief U.S. equities strategist Michael Wilson said the consensus for a 21% drop in S&P 500 earnings would be an improvement big enough to confirm the second quarter was the lowest quarter of this cycle. . S&P 500 earnings fell 30.6% in the previous quarter, according to Refinitiv.
The bank has highlighted 15 names that its analysts are very confident about going into earnings season. Company analysts believe that one or more impending event will cause the share price to rise significantly over the next 15 to 60 days.