Two Wall Street Analysts Independently Published Devastating Defenses Of Record High Profit Margins

On Friday, Bank Of America Merrill Lynch and Deutsche Bank independently published their respective findings on corporate profit margins, which are currently sitting at historic highs. "The debate on S&P 500 net margins never seems to go away," wrote Deutsche Bank's David Bianco. "One of the most common bearish arguments that we hear from clients is that margins are mean-reverting," wrote Bank of America Merrill Lynch's Dan Suzuki. Both Bianco and Suzuki concluded that margins were sustainable a...