Financial Digest

Jeremy Siegel: Earnings set to worsen as credit crunch bites profits

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Finance Finance Headlines News

Don't be fooled by the strong earnings season as a credit squeeze is set to hit companies' profits, Wharton professor Jeremy Siegel says

Don't be fooled by the buoyant trend so far in the ongoing earnings season, because an emerging credit squeeze is set to hit companies' profits, according to Wharton professor Jeremy Siegel.

But according to Siegel, the good first-quarter results aren't that surprising given Silicon Valley Bank's collapse and the ensuing banking turmoil came toward the end of the January-March period. That makes it more difficult for American companies to access loans, which threatens to undermine their business operations and earnings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks may drop if bank fears choke growth, Fed beat inflation: SiegelStocks may slump if banking fears choke growth - and the Fed should end its inflation fight, Wharton professor Jeremy Siegel says
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. stocks finish higher as investors await big-tech earningsU.S. stocks finished higher on Monday as the first-quarter earnings season is poised to pick up the pace. The Dow Jones Industrial Average gained 100.71 points, or 0.3%, to 33,987.18: I’ll keep investing in banks $pnfp
Source: MarketWatch - 🏆 3. / 97 Read more »