US Tax Reform Boosts Corporate Profits

S&P 500 index companies see projected earnings growth at record levels

People walk by the New York Stock Exchange in the Financial District of Manhattan on June 26, 2017. Benjamin Chasteen/The Epoch Times

Wall Street analysts have begun to reflect the lower tax rates into their financial forecasts.

Earnings per share (EPS) estimates for the companies in the S&P 500 index has increased by 7 percent for the year 2018, according to data provider FactSet. This is the largest increase since the company began tracking the data in 1996.