Reuters, August 21: “A price/earnings multiple of 20 will make it hard for stocks to move materially higher in the near future, with earnings comparisons getting tougher and earnings growth slowing, said Michael Geraghty, equity strategist at Cornerstone Capital Group. ‘There’s not a whole lot of reasons for stocks in aggregate to move materially higher or lower anytime soon,’ he said.”
Cornerstone Capital Group has joined the Pathstone family.
Cornerstone’s leadership and expertise in sustainable and impact investing will enhance Pathstone’s existing efforts in this increasingly important approach to portfolio construction. Culturally, we are well aligned: We both were formed by veterans of large financial institutions who sought to bring innovative new ideas to market; we both hold a fiduciary duty to clients as our leading priority; we both place high value on employee diversity and well-being; and we both are deeply committed to integrating customized financial and impact objectives into every client’s portfolio.
Together we can continue our focus on being a firm celebrated for our core values and recognized as “Built for Clients, Powered by Innovation and Smart in a Way that Matters.”
