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…
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.”