BofA Securitiesanalyst Craig Siegenthaler forecasts the major earnings beats for brokers this earnings season, steered by accelerating retail engagement.
Siegenthaler also sees broad-based beats for traditional firms, supported by strong markets, foreign exchange, and higher management fees and non-operating income.
Here are a few of the most considerable companies, along with the analyst's insights on them:
Virtu Financial, Inc.(NASDAQ:VIRT): The analyst reiterated a Buy rating on the stock, lowering the price forecast to $51 from $52.
The analyst revised their EPS estimates for the fourth quarter of 2024, FY25, and FY26 to $0.94, $3.58, and $3.71, respectively, from previous estimates of $0.88, $3.65, and $3.78.
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