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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