Goldman Sachs thinks higher interest rates and deregulation will be music to the ears of investors in banks.
The investment bank’s chief equity strategist David Kostin expects the S&P 500 to rise by 5% to 2,850 by year end. Kostin has outlined these two themes for investors to work into their strategic planning:
Look Towards 2019
Kostin recommends investors look beyond tax-reform aided 2018 earnings growth. Sales and profits will continue to grow in 2019, Kostin says — the latter is likely to increase by a double-digit percentage.