Express News | UBS Group expects Hong Kong's economy to grow by 3.1% this year.
Wall Street is revitalized, Goldman Sachs reaches a new high, CEO asserts: competitors will find it very difficult to catch up with the leading banks.
Top banks in the usa saw a strong rebound in Q3 financial season, Ted Pick from Goldman Sachs stated that smaller banks are finding it hard to catch up with large banks due to high business operation costs.
Q3 financial report performance is outstanding! Several Bank of America stocks have reached new highs together, can they continue to strengthen during the rate cut cycle?
Yesterday, JPMorgan, Goldman Sachs, Wells Fargo & Co, Morgan Stanley, and bank of new york mellon all hit record highs during yesterday's trading session. However, the stock prices later rose and fell back, with bank stocks showing mixed performance at the close.
UBS Group includes Kuaishou-W as the monthly featured stock with a target price of 76.70 Hong Kong dollars.
Recently, UBS Group included Kuaishou-W (01024) in its latest research report as the top stock of the month, giving it a target price of HKD 76.70 in the next 12 months, with a potential upside of up to 51%. This rating reflects UBS Group's positive expectations for Kuaishou's future performance, as well as recognition of the company's current market position and development potential. UBS's research report pointed out that in September, although it will take some time to restore consumer confidence, there have been clear signs of industry recovery with a series of macroeconomic policies overlapping. With the government's stimulation and subsidy measures in place, it is believed that macro consumer consumption still has room for growth.
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