S&P 500 Q1: Leverage, Taxes Leads To Lower ROEMani
S&P 500 (INDEXSP:.INX) return on equity for 1Q2014 dropped modestly to 16.2% from 16.3%, thanks to lower leverage and higher taxes offsetting improvement in margins and assets/asset turnover, points out a recent Goldman Sachs report.
Stuart Kaiser and team at Goldman Sachs in their report dated June 30, 2014, and titled: ”US Thematic Views” highlights that ROE dropped in seven of ten S&P 500 (INDEXSP:.INX) sectors in the first quarter of 2014.
Modest . . .
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