Goldman Sachs revised its earnings estimate for the year for U.S. companies to $165 per share, representing 0% growth in 2020, as a result of the coronavirus, CNBC reports.
This is a dramatic break from the consensus forecast of Wall Street, which still calls for earnings to climb 7% this year.
Bloomberg: “The biggest sell-off in U.S. stocks in two years is just getting started, strategists at two of Wall Street’s biggest banks are warning.”
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