Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Mursi, a top figure in the now-banned Muslim Brotherhood, had been in jail since being toppled by the military in 2013 after barely a year in power following mass protests...World Politicsread more
Financials stocks are set to surge higher over the next 12 months due to rising dividends and bigger share buybacks, according to Goldman Sachs.
"We believe 2017 will mark an inflection point in the amount of capital the Fed allows financials firms to return to shareholders. … This is the first year that certain money center banks have been permitted to pay out more than net income, " strategist David Kostin wrote in the note to clients Friday. "Accelerating dividend growth should attract equity income investors, who are broadly underweight the financials sector."
Goldman's analysts project the bank sector will increase its dividends by 17 percent annually during the next two years. In addition, Kostin noted how the recent positive Federal Reserve stress test results will enable financial companies to increase share buybacks by 45 percent this year.
Stock "repurchases will lift earnings per share, return on equity and share prices," he wrote.
On top of the capital returns, Goldman predicts interest rates will also rise and boost the sector's earnings prospects.
"Our economists forecast faster inflation and Fed tightening than the market expects," the strategist wrote.
Bank stocks have underperformed the market this year. The Financial Select Sector SPDR Fund rose 9.2 percent year to date through Friday compared with the 's 10.6 percent return.
"Recent client conversations have focused on the prospects for stocks in the financials sector, which we recommend as an overweight despite recent underperformance," Kostin wrote.
Here are three buy-rated financial stocks Goldman recommends with the firm's current price targets.
— CNBC's Michael Bloom contributed to this story.