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A year after stocks soared, CEOs must show it was warranted

New York pandemic economy
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NEW YORK – It's time to show the receipts, CEOs. For more than a year, investors have been pushing up stock prices, even though the pandemic caused profits to crater for companies.

With COVID-19 vaccines going into arms and businesses reopening, investors want to see that faith rewarded with some proof of fat profit growth, starting now.

Not only are expectations high for this upcoming earnings season, which got going Wednesday with reports from JPMorgan Chase and other big banks, they're rising even more by the day.

When the first quarter began, analysts were forecasting earnings growth of less than 16% for S&P 500 companies. Now, those same analysts say the tally should be closer to 25%.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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