Analysts expect Q4 earnings for the entire S&P 500 to increase 11.6% Y/Y, but that's not as...

|By:, SA News Editor

Analysts expect Q4 earnings for the entire S&P 500 to increase 11.6% Y/Y, but that's not as impressive as it seems, Paul La Monica writes. At the start of the quarter, the consensus called for 18.8% growth, and companies such as Alcoa are racing to lower their own guidance. And the main reason for the expected growth: Analysts forecast a 74.5% jump in profits from the financial sector.