Salient to Investors:
Profits are moving U.S. equity prices the most since the bull market began 3 1/2 years ago. Profits exceeded estimates by 4.5 percent on average in Q2 versus 6.2 percent in Q1.
Chris Hyzy of U.S. Trust predicts S&P 500 profits will reach $100 a share in 2012 versus the $103.1 average of more than 10,000 estimates compiled by Bloomberg.
Read the full article at http://www.bloomberg.com/news/2012-09-03/earnings-matter-most-for-u-s-stocks-as-economic-obsession-fades.html