Looking ahead with a picture: bank of america's stock performance is coming! How to interpret this round of financial reports during the rate cut cycle?
Overall, large bank stocks still performed well in the third quarter, with jpmorgan, bank of new york mellon, morgan stanley, u.s. bancorp, etc., all hitting historic highs in this range; as the Federal Reserve begins its easing cycle, the banking industry will alleviate and even reverse some negative trends, which will help improve the quality of earnings in the coming quarters.
Express News | Goldman Sachs lowered Rivian autos' price target from $13.00 to $11.00 per share.
Express News | Horizon held a listing hearing at the Hong Kong Stock Exchange.
Express News | Goldman Sachs Group Inc : UBS Raises Target Price to $560 From $550
Financial report season kicks off! Wall Street big banks' Q3 loan income is expected to hit a two-year low, while investment banking business is expected to recover.
Analysts expect the net interest income of the largest banks in the USA to decrease in the third quarter, coupled with an increase in potential loan loss reserves, the overall profit of banks will be impacted; however, influenced by the Fed rate cuts, investment banking business will recover, and profit trades such as mergers and equity underwriting will gradually pick up.
Keefe Bruyette & Woods Adjusts Price Target on Goldman Sachs Group to $555 From $530, Maintains Outperform