Reported 12 months ago
Goldman Sachs Group Inc. strategists state that Corporate America is facing its highest earnings expectation in nearly three years as it prepares to announce second-quarter results. Analysts predict a 9% increase in profits for S&P 500 firms from April to June, the largest year-over-year rise since Q4 2021. However, they anticipate that beating these high consensus forecasts might not result in significant stock price rewards, as the market is already near record highs driven by expectations of Federal Reserve rate cuts and AI advancements.
Source: YAHOO