This earnings season is still all about AI. That won’t last.
The bank sees collective S&P 500 profits for the three months ending in December rising by around 7% from 2024 levels. That is modestly shy of the 8.8% growth rate collated by LSEG, but BofA notes that upward revisions to fourth-quarter forecasts on Wall Street could see companies topping expectations and delivering an overall growth…

