U.S. SEC to Consider Proposal on Semi-Annual Corporate Reporting

U.S. President Donald Trump last year reignited plans for companies to shift from quarterly to semi-annual financial reporting. According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) is expected to soon seek public opinion on a proposal to eliminate the quarterly reporting requirement. However, investors and market participants believe that most companies are unlikely to adopt this change, as it could negatively impact company valuations. Sam Rines, a macro strategist at WisdomTree Asset Management, noted that any company making this transition would likely appear on active investment managers' screening lists and could face reduced holdings or removal from portfolios, or a reevaluation of its valuation. While JPMorgan supports the proposal, it plans to continue providing quarterly guidance through calls with analysts and investors. Mike Reynolds, Vice President of Investment Strategy at Glenmede, anticipates that the vast majority of companies will continue to report quarterly.