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January 10, 2026 | Tech Talk for Saturday January 10th 2026
Don Vialoux
Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).
The Bottom Line
Focuses this week are on fourth quarter reports released by major U.S. banks. The sector moved higher last week in anticipation of strong fourth quarter earnings gains triggered by widening interest rate spreads.
Earnings and Revenues Consensus for S&P 500 companies
Source: www.factset.com
Analyst earnings and revenue estimates recorded slight changes last week
- Consensus for fourth quarter 2025 earnings gains remained at 8.3%. Consensus for revenue growth increased to 7.7% from7.6%. For all of 2025, consensus for earnings gains increased to 12.4% from 12.3%. Consensus for revenue gains remained at7.0%.
- Consensus for first quarter 2026 calls for a 12.6% earnings increase, down from a 13.1% increase last week. Revenue gains increased to 8.3% from a previous 8.2% gain.
- Consensus for second quarter 2026 earnings gains remained at 14.6%. Consensus for revenue gains increased to 7.4% from 7.3%.
- Consensus for third quarter 2026 earnings calls for a 14.9% gain, up from 14.7% last week. Consensus for revenue gains increased to 6.6% from 6.5%
- Consensus for fourth quarter 2026 earnings calls for an 18.3% gain, up from18.1% last week. Revenue gains increased to 7.4%, up from 7.2% last week.
- For all of 2026, consensus for earnings growth slipped to 14.9% from 15.0%. Consensus
for revenue gains increased to 7.3% from 7.2%.
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Don Vialoux January 10th, 2026
Posted In: Tech Talk
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