Goldman Sachs expects US companies to achieve their highest quarterly profits in 3 years

Goldman Sachs expects American companies to achieve their strongest profits in three years during the second quarter of this year, which will ultimately lead to an increase in the performance of US stock market indices.

The bank expected that the number of companies exceeding expected profits in the second quarter would decrease.

On the other hand, JPMorgan Chase shares reached their highest level ever after the bank announced an increase in dividends to $1.25 per share from $1.15.

The JP Morgan Board of Directors also approved a stock buyback worth $30 billion, effective July 1.

Investors are awaiting US labor market data scheduled to be released later this week to obtain indications about expectations related to interest rates.