In the fourth quarter of 2019, an average of 70% of S&P 500 companies have reported earnings that topped estimates, according to FactSet research.
Financial-services firm were close to that figure, with 69% topping forecasts. But 27% came in below estimates, and 5% were in line with forecasts.
For Q4 2019, about 70% of S&P 500 companies reporting through Feb. 21 had a positive EPS surprise, and 66% had a positive revenue surprise. Financial firms reported the largest positive (aggregate) difference between actual revenues and estimated revenues — at 3%.
With these results, the ranked performance of the largest broker-dealers in the fourth quarter changed sharply from the prior period.
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