The Trusted Advisor

A Market Update for Q2 from the Investment Committee team at Tompkins Financial Advisors.

Contributed by Geoff Blyth, portfolio manager, senior vice president and chief investment officer for Tompkins Financial Advisors, Western New York

This article, created by Tompkins Financial Advisors, was originally published in Tompkins Weekly on September 8, 2021

As the economic recovery continues, corporate earnings are surging as businesses grapple with outsized levels of pent-up demand. In the second quarter alone, earnings for S&P 500 companies have exceeded analyst expectations with year-over-year growth a whopping 90%! For the full year, earnings are estimated to grow 40% – the largest annual increase since the Great Financial Crisis.