BofAML experts raised the forecast for the earnings growth of companies from S&P 500 in 2018

Experts at Bank of America Merrill Lynch expect in 2018 the earnings growth of companies included in the Standard & Poor's 500 index by 20% in annual terms to 159 dollars per share. The forecast is increased by 4% compared to the previous estimate. For 2019, the forecast is raised by 6% - from $161 to $170 per share. BofAML shares market strategist Jill Carey Hall noted that the improvement in the forecast is explained by the positive situation in the oil and gas industry. The review of the bank's team of experts says: “Increased oil prices favor the profits of S & P 500 companies, as the index includes many producers of raw materials or their suppliers.” It is expected that oil and gas companies from the S & P 500 list will increase their profit by 97% in 2018 and by 14% in 2019.

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