Finance set to surpass tech as most-profitable U.S. industry

dell

“Technology has a lot more exposure to international markets, and the economic picture overseas isn’t as strong as it is here right now,” says Sheraz Mian, director of research at Zacks Investment Research. According to Mian’s analysis, U.S. financial services companies in the S&P 500 index are expected to report that they earned aggregate profits of $49 billion in the second quarter. That’s almost 20% of the $247 billion in quarterly earnings expected from the S&P 500 companies as a whole.

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