3Q S&P EPS Could Near $30 Amid Big Declines: Deutsche Bank

Deutsche Bank’s profit indicator suggests 3Q S&P EPS had little or no growth from 2Q and the firm’s analysts believe that unless oil climbs sharply, quarterly S&P EPS will likely be $30-$31 through 1H17.  The DB analysts, led by David Bianco, said in their September 9 research piece titled “Death of volatility? A risky view” that they believe 3Q S&P EPS results will not impress, with companies lowering their 2017 expectations. 8% to 10% S&P EPS decline looms Bianco and team point out that S&P realized volatility has been extremely low for the past six weeks. However, they believe the trend is the…