EFTA Document EFTA01459065

20 November 2015 US Equity Insights 2015 did not have healthy underlying broad based revenue or EPS growth ex oil and dollar S&P sales and operating EPS growth was broadly weak in 2015. Weakness extended beyond commodity producers and FX drags at multinationals. A surge in airline profits masked a significant decline in profits at Industrial Capital Goods. Revenue was flat at Financials with EPS growth from less litigation than 2014. No growth at Consumer Staples despite lower input cost