T-Mobile, American Tower Make Goldman Sachs List of Top Return Companies
Goldman Sachs listed T-Mobile and American Tower in its most recent list of return-on equity (ROE) growth companies. The firm said T-Mobile had an ROE of 37%, American Tower 46%. In Q3, “consumer discretionary ROE posted the greatest increase since…
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4Q 2022, driven by expanding EBIT margins,” the report said. “Interest expense was a headwind to ROE across every sector as [borrowing] costs rose alongside higher interest rates.”