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Bank of America Warns of an ‘Ominous’ Sign for Stocks

  • Expectations for growth in profit fall to 33% from 58%
  • Retreat could lead to risk-off trading behavior among clients
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Helen Driver, head of global equities at Aviva Investors Global Services Ltd., examines the global market impact of a strong earnings season and where she sees opportunities in equities. She speaks on 'Bloomberg Markets: European Close.' (Source: Bloomberg)

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Money managers who’ve watched the surge in corporate profits take U.S. equities to records are starting to fret about earnings growth, and that’s an “ominous” sign, Bank of America says.

Just 33 percent of managers in the bank’s latest survey say corporate profits will improve, down from 58 percent at the start of the year.