[JPMorgan: U.S. and European Corporate Earnings Exceed Expectations, Strong Q2 Earnings Season Performance] BlockBeats News, August 8, JPMorgan stated that the second-quarter earnings season is nearing its end, with approximately 80%-85% of companies in the U.S. and Europe having reported their results. Overall, earnings performance has significantly exceeded expectations. Data shows that both the U.S. and Europe experienced large-scale EPS (Earnings Per Share) beats, with the proportion of companies surpassing market expectations rising notably compared to previous periods. Despite market valuations and earnings expectations being at relatively high levels before the earnings season, the composite EPS of S&P 500 index constituents has continued to be revised upward, while the proportion of companies lowering earnings guidance has dropped to its lowest level since 2021. Regionally, the year-over-year earnings growth rates for U.S. and European companies reached 25% and 23%, respectively, both exceeding market consensus expectations. Revenue growth rates were 14% and 10% year-over-year, respectively, indicating that corporate revenue growth remains robust. In terms of industries, JPMorgan highlighted that the energy sector is one of the key drivers of earnings growth in both regions, primarily due to rising energy prices driven by geopolitical conflicts. Additionally, the financial and technology sectors have also made significant contributions to overall earnings growth. [Original Link]