GS241220C405000
- 175.55
- -30.70-14.88%
Goldman Sachs Newsroom
Overwhelming consensus! Wall Street "targets" Banks stocks as the top choice for 2025.
Buying bank stocks has become the overwhelming consensus among strategists at major Wall Street firms regarding their outlook for 2025.
Everbright Futures: Under the expectation of "hawkish interest rate cuts," Gold is experiencing high-level fluctuations.
On December 16, COMEX Gold first rose then fell, closing as a doji at $2670.2 per ounce, down 0.21%. The domestic SHFE gold night session opened high and closed low, ending at 620.56 yuan per gram, up 0.06%. According to the latest data released by India's Ministry of Commerce on Monday, India's trade deficit widened to $37.8 billion in November this year, setting a new historical high. The surge in India's import demand and gold imports are the main factors driving this phenomenon. It is expected that under the circumstances of geopolitical risks and changes in trade patterns, gold prices may continue to fluctuate at high levels. The New York Federal Reserve's manufacturing index in the USA for December reached 20.
Express News | Brazil Meatpacker Marfrig: Goldman Sachs and Subsidiaries Bought Shares of the Company, Now Owning 6.96% - Filing
Sector Update: Financial Stocks Edge Higher Monday Afternoon
Broadcom Jumps 9%, Extending Record Run as Goldman Expresses 'Higher Conviction'
Top Midday Stories: Honeywell Mulls Separation of Aerospace Business; Starbucks Expands Parental Leave for US Store Workers
Express News | Goldman Sachs Asset Management is reportedly agreeing to acquire the pharmaceutical company Synthon from BC Partners for over 2 billion euros.
Express News | Goldman Sachs has resumed coverage of Weichai Power's A-shares, with a rating of Buy and a Target Price of 16.30 yuan.
Goldman Sachs Asset Management to Acquire Synthon for $2.1 Billion, Financial Times Reports
Wall Street generally focuses on this Sector! It is listed as the "top choice for 2025."
① Wall Street strategists are generally Bullish on financial stocks for 2025, believing that a strong economy and the expectation of relaxed regulations under Trump, among other factors, will benefit the financial industry; ② The market has also begun to gradually reflect this optimistic sentiment, with the financial Sector outperforming the S&P 500 Index since the election results were announced; ③ The gradual recovery of the IPO market is seen as another favorable factor boosting the financial sector.
Express News | Goldman Sachs expects Forex volatility to rise significantly.
RBC Capital has raised the Target Price for multiple US bank stocks.
Gelonghui, December 16 | RBC Capital: Raised Goldman Sachs' Target Price from $558 to $610, raised JPMorgan's Target Price from $230 to $248, and raised Wells Fargo & Co's Target Price from $61 to $72. (Gelonghui)
Express News | Goldman Sachs states that the forward price spread of oil is underestimated.
The Bank of England is expected to hold steady this week as the benchmark interest rate remains far above expectations from the beginning of the year.
At the beginning of the year, investors anticipated that the Bank of England would cut interest rates six times; however, as 2024 comes to a close, the benchmark rate is a full percentage point higher than expectations from 12 months ago. The Bank of England is expected to maintain the interest rate at 4.75% in Thursday's policy meeting and continue to adhere to the guideline of 'still appropriate to gradually relax restrictive policies.' Although Bank Governor Bailey indicated that there may be four rate cuts in 2025, the market, after failing to make aggressive bets on rate cuts, only expects three cuts next year, possibly starting in February. The decision from the Bank of England on December 19 is anticipated to stay put.
Why Wall Street Says Bank Stocks Are a Top Play for 2025
Are You Ultra-Rich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank -- Heard on the Street -- WSJ
U.S. Treasury Secretary Yellen warns: do not interfere with Bank regulation! Trump also has the latest developments.
On Friday local time, USA Treasury Secretary Yellen warned the incoming Trump administration not to interfere with Banks regulation. She stated that, given the history of bank failures leading to financial crises, aggressive measures to disrupt necessary regulation should not be taken.
BofA, Goldman Sachs To Contribute To Trump's Inaugural Committees: Report
Express News | Goldman Sachs to Make Donation to President-Elect Trump's Inaugural Committee, but Has Not Determined Amount - Spokesperson
Express News | The continuous deepening of two-way opening up has led to Overseas Institutions remaining Bullish on China's Capital Markets.