This earnings season may be as good as it gets, according to Citigroup Inc.
Strategists led by Mert Genc say global earnings per share will rise only 5% in 2022, less than the current consensus for 7% growth and far below the 50% increase anticipated for 2021. Their projection comes after Citi economists downgraded their global growth forecast for next year to 4.2% from 4.4%.
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October 26, 2021 at 03:53PM
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Earnings Downgrades May Not Be Far Away, Citi Strategists Warn - Bloomberg
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