How Corporations Will Spend Their Huge Piles of Overseas Cash, According to Goldman Sachs
Nov 21, 2016
On November 21, 2016, Goldman Sachs Group Inc. wrote that companies in the S&P 500 Index will spend most of their sizable cash hoard buying back stock next year. If so, it would be only the second time in the past 20 years that buybacks have accounted for the largest share of cash usage.
Much of this, Goldman says, would be due to the enacting of plans President-elect Donald Trump proposed on the campaign trail, such as a tax holiday for overseas income and changes to the corporate tax code.
Other areas that will see a boost include capital expenditures, research and development, as well and mergers and acquisitions.
Review the article on Bloomberg Market's website.