Optimism blooms in earnings seasonAfter closing the books on the second quarter, executives are the most positive they have ever been about the profits their companies are generating, according to data from FactSet. And that might be a good sign that bottom-line growth will continue even after the expected rebound from the pandemic economic plunge. Companies begin reporting their second quarter profits this week. The big banks, in particular, are likely to reveal bumper profits, The Times’s Lananh Nguyen reports. Analysts predict that earnings for companies in the S&P 500 rose more than 60 percent in the second quarter compared with last year.

Source: International New York Times July 12, 2021 11:26 UTC