Sep 21, 2026, 10:13 AMMarkets
Goldman Sees S&P 500 Earnings Growth Slowing to 11% Through 2028
Goldman strategists led by Ben Snider expect S&P 500 earnings growth to slow to 11% in 2027 and 2028 amid bubble concerns in a recent note.
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Summary
Goldman strategists led by Ben Snider expect S&P 500 earnings per share growth to slow to 11% in both 2027 and 2028, according to a recent note cited by MarketWatch on September 21, 2026.
MarketWatch framed the forecast against corporate earnings growth outpacing the economy and concerns about a market bubble. The available feed supplied no current growth rate, valuation measures, sector detail, assumptions or explanation of the strategists’ bubble assessment.
Positives
- S&P 500 earnings per share are forecast to grow 11% in 2027 despite the expected slowdown.
- Another 11% increase is projected for 2028, extending expected earnings expansion into a second year.
- The two-year outlook retains double-digit earnings growth throughout 2027 and 2028.
Risks & concerns
- Earnings growth is expected to slow to 11% in 2027, signaling deceleration from an unspecified prior rate.
- The 11% forecast remains unchanged in 2028, indicating no expected reacceleration that year.
- MarketWatch raised bubble concerns as corporate earnings outpace the economy, but the feed provided no valuation evidence or detailed assessment.
- The limited summary omitted forecast assumptions, sector contributions and the current earnings growth rate, restricting evaluation of the outlook.
Primary sourceMarketWatch.com - Top Storieshttps://www.marketwatch.com/story/corporate-earnings-are-growing-much-faster-than-the-economy-what-goldman-strategists-say-about-bubble-concerns-1f625fb3?mod=mw_rss_topstories
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