Coronavirus will wipe out corporate profit growth in 2020 and may trigger recession: Goldman Sachs

Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity.

Goldman sees zero earnings growth for US companies this year because of coronavirus

Goldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020.

Coronavirus Could Eliminate U.S. Corporate Growth Completely in 2020 - Goldman Sachs

A global spread of the coronavirus could wipe out U.S. corporate growth completely in 2020, says Goldman Sachs.

Goldman Sachs says the S&P 500 could quickly fall another 7% on coronavirus fears — and warns US firms won't generate any profit growth in 2020

The bank upgraded its outlook on the real estate and utilities sectors, recommending investors shift to defensive assets in the near-term.

Goldman Sachs asks some to skip conference over coronavirus concerns

Goldman Sachs Group Inc is asking people not to attend the bank's New York ...

How IBM Goldman Sachs PwC and others are responding to the coronavirus threat to the global workplace

Goldman now sees the Federal Reserve getting even more aggressive in the face of coronavirus scare

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Goldman Sachs Warns of Recession Risks From Coronavirus

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Global economy will 'stop just short' of recession from coronavirus Goldman economist says

Goldman's Jan Hatzius said on CNBC's "Closing Bell" that the world economy would likely shrink for "a quarter or so" but rebound before officially becoming a recession.

Coronavirus could push UK to brink of recession says Goldman Sachs

Analysts at Deutsche Bank halve UK growth forecast for this year to only 0.5%

Goldman Sachs Says Coronavirus Will Push U.K. to ‘Edge of Recession’

Goldman Sachs called for a 50-basis point U.K. interest-rate cut to stave off a recession triggered by the virus.