Bank of America and Goldman Sachs are reportedly considering donations to President-elect Donald Trump’s inaugural committee, following past contributions by major financial institutions. The amounts remain undecided, sparking discussion about corporate engagement in presidential transitions.
Goldman Sachs CEO David Solomon hinted at the possibility of the firm becoming a spot market maker for Bitcoin and Ethereum, contingent upon increased regulatory clarity. This follows Goldman Sachs’ significant investments in Bitcoin and Ethereum ETFs and its plans to spin off its digital assets platform.
Former Treasury Secretary Larry Summers issued a stark warning about the potential for significant economic disruption under a Trump administration, citing proposed policies that could trigger a substantial inflation shock. His concerns, echoed by Goldman Sachs, center on massive tax cuts, tariffs, and potential labor market disruptions.
Major investment banks, including JPMorgan Chase, Goldman Sachs, and Morgan Stanley, have revealed significant holdings in cryptocurrency ETFs and MicroStrategy, according to their latest SEC filings. This surge in institutional investment highlights the growing acceptance of cryptocurrencies within traditional finance.
Goldman Sachs has upgraded BioNTech (BNTX) to Buy, citing the company’s BNT327, an immuno-oncology asset in clinical development. Data from Summit Therapeutics and Akeso for ivonescimab (PD-1xVEGF bispecific) has shown potential to challenge standard-of-care regimens across various solid tumors, sparking interest in BioNTech’s bispecific drug. Goldman analysts believe BNT327 has the potential to drive BioNTech toward becoming a leading player in oncology, making current stock levels an attractive entry point for investors.
Goldman Sachs analyst Christine Cho upgraded Wingstop Inc. (WING) to Buy, citing the company’s new NBA partnership as a key driver for growth. While the stock has recently experienced a decline due to concerns about slowing sales growth, Cho remains bullish, forecasting strong long-term performance.
Royal Caribbean Cruises (RCL) stock gained over 3% on Tuesday despite reporting mixed third-quarter results. While revenue exceeded expectations, adjusted earnings per share (EPS) beat estimates but fell short of investor expectations due to anticipated cost increases. Goldman Sachs analyst Lizzie Dove highlights the impact of Hurricane Milton and a shift in cost timing on the fourth-quarter outlook, but remains optimistic about the company’s long-term fundamentals.
Goldman Sachs’ prediction of a meager 3% annualized return for the S&P 500 over the next decade has sparked debate among Wall Street experts. While some agree that such low returns are possible, others argue that robust earnings growth driven by technological advancements will fuel stronger market performance. This article explores the contrasting viewpoints, analyzes historical data, and ultimately emphasizes the inherent difficulty in predicting future market behavior.
This week on Wall Street, the markets saw mixed signals, with the S&P 500 and Dow ending their six-week winning streaks, while the Nasdaq reached an all-time high. Investor caution and concerns about fiscal policies and potential trade disruptions following the upcoming presidential election led to a flat week overall. This report dives into the top bullish and bearish calls from Benzinga, highlighting key trends and investor sentiment.
Apple is expected to release its fourth-quarter earnings on October 31st, and a Goldman Sachs analyst is predicting a strong performance. Analyst Michael Ng anticipates Apple exceeding earnings and revenue expectations, driven by continued demand for older iPhone models, the new iPhone 16 series, and the growth of Apple’s services segment.
