20 November 2016 US Equity Insights 30 EPS Tracker 479 S&P 500 companies comprising 98% of S&P earnings have reported. 62% of companies beat on EPS with a weighted average beat of 3.9% (5.3% ex Fin)

00% 7.50% * S&P 500 ERP usually 300-400bps, w/ real CoE Source: Deutsche Bank 5.5% 6.5% EFTA01476417 20 November 2015 US Equity Insights 30 EPS Tracker 479 S&P 500 companies comprising 98% of S&P earnings have reported. 62% of companies beat on EPS with a weighted average beat of 3.9% (5.3% ex Fin)