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Goldman Sachs Raises 2020 Earnings
Video Credit: Wochit News
Published on August 10, 2020 - Duration: 00:33s
Goldman Sachs Raises 2020 Earnings
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate.
The move comes after better-than-expected second-quarter results.
Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115.
That's about 21% lower than 2019.
Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021.
The estimate is tied to Goldman's economic growth outlook.
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