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BofA: 2Q EPS has been revised up by 6% since July 1 and is on track to grow 11% YoY (third consecutive quarter of double-digit growth).
The breadth of EPS beats has been strong (73% beat vs. 59% historical avg.)
The improvement in top-line trends has been the new story: 78% of companies beat on revenue (vs. 59% historical avg.), the highest breadth of revenue beats since 2Q21.
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