The 2014 Q4 earnings season has gotten underway already, with results from 22 S&P 500 (SPX) members already out. These companies are reporting results for the fiscal quarter ending in November, which we count as part of our December quarter tally. Alcoa’s (AA - Analyst Report) claim to fame as the first to come out with results is solely because it is the first index member with a fiscal calendar quarter to announce results. Most of the 18 S&P 500 members reporting results this week are on the December quarter.
Results from the Finance sector would dominate this week’s reporting docket, with all the key players like J.P. Morgan (JPM - Analyst Report), Wells Fargo (WFC - Analyst Report), Bank of America (BAC - Analyst Report) and Citigroup (C - Analyst Report) coming out with results this week. Expectations for the sector remain low, with total Finance sector earnings expected to be essentially flat from the same period last year (down -0.3% to be precise).
