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Goldman Sachs on Buyback Spree to Improve 2018 Return on Equity

Goldman Sachs on Buyback Spree to Improve 2018 Return on Equity

With interest rates rising, net interest margins for commercial banks (IYF) are increasing, which leads to an increase in ROE (return on equity). Due to expectations of more interest rate hikes by the Fed, the overall markets are expected to have a weaker performance. Goldman Sachs rewards its shareholders with share buybacks.