Goldman Sachs’ top US equity strategist David Kostin signalled he’s more bullish than ever on the outlook for corporate profits, as investors await a wave of third-quarter results beginning late next week.
In a note late on Friday (Saturday AEST), Mr Kostin said the Wall Street bank raised its 2025 S&P 500 earnings-per-share forecast to $US268 from $US256.
Loading...
Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
