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Weekly Market Recap – October 21, 2024

And we’re off! The 3Q earnings season began last Friday with reports from the largest U.S. banks. Currently, analysts are projecting pro forma earnings per share (EPS) of $60.01. If realized, this would represent y/y growth of 1.9% and a q/q contraction of -0.9%. Looking at the three main sources of EPS growth, revenues, margins and buybacks are expected to contribute 2.2, 0.5 and -0.8 points, respectively.


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