U.S. companies start reporting third-quarter results this week, and S&P 500 earnings for the July-September period look set to mark the weakest performance in about three years. Analysts are forecasting a 3.2 percent decline in earnings for the quarter from a year ago,
Banks will be in the spotlight this week, with J.P. Morgan Chase, Citigroup and Wells Fargo scheduled to announce on Tuesday, and Bank of America following up the next day. The financial sector is expected to show earnings growth of just 1.73 percent, according to S&P Global Market Intelligence.
And that's the second-strongest sector. The only sector projected at greater earnings growth is health care, at 1.83 percent. Seven sectors are forecast to produce negative earnings growth, with the worst being energy, expected to drop a whopping 31.58 percent.
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