CEOs are saying this is as bad as it gets for their earnings

Published On Oct 29, 2024, 3:36 AM

CEOs across various sectors indicate that earnings have reached a low point, signaling potential for improvement moving forward. According to analysis from Bank of America, references to a 'bottom' in earnings reports from cyclical companies have increased, suggesting that the toughest times may be behind them. Despite a sluggish demand environment, especially in manufacturing, some cyclical companies like 3M and Fastenal have shown signs of resilience and even growth. Analysts predict a recovery next year as demand improves, driven by the Federal Reserve's easing of interest rates and a recovering economy.