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US: jammed signal on corporate earnings
After their latest revision, the national accounts now show a historic stagnation in corporate profits since 2012. This is partly only the result of their strong momentum in the preceding years and the share of wages in added value is still far from high. But we are approaching the point where companies will likely react by hiking their prices. The divergence between this stagnation in the national accounts and the increase in reported corporate profits is worth monitoring but th...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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