Goldman Sachs offers a grim view on the performance of S&P 500 companies

Goldman Sachs reduced its profit margin forecast for S&P 500 companies through 2024.

Goldman Sachs indicated that the reason for these gloomy outlook is the contraction in corporate earnings in the third quarter of questyear, for the first time since the Crown crisis.

He added that profit margins, excluding energy companies, will fall by 86 basis points quest’year and 50 basis points in 2023, predicting profits will remain stable next year, compared to a 3% growth in previous forecasts.

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