This week, US bank stocks will be the first to release financial reports, kicking off the fourth quarter earnings season for US stocks.

According to Factset statistics, the overall revenue growth rate of S&P 500 stock companies in Q4 2021 is expected to be 12.9%, the third largest year-on-year increase since 2008. Earnings are expected to increase 21.7% year over year, which is the fourth consecutive quarter with a year-on-year growth rate of more than 20%.

By industry, the energy and raw materials sectors are likely to have the highest revenue growth rates in Q4, reaching 66.9% and 24.6% respectively. Corresponding profit growth rates are expected to be 108% and 60.9%. The average revenue growth rate for the technology sector in Q4 is expected to be around 11%, and the profit growth rate is expected to be close to 15%.

Compared to Q3, in the S&P 500 index, the positive guidance of the technology sector and the optional consumer sector on Q4 earnings per share (EPS) declined sharply, while the healthcare sector increased.