Large U.S. banks rallied to fresh record highs on Wednesday as investors cheered on stronger-than-expected fourth-quarter earnings, driven by resilient lending income, cost-cutting efforts and a rebound in corporate deal-making sending.
Goldman Sachs raised the firm’s price target on Morgan Stanley (MS) to $138 from $128 and keeps a Neutral rating on the shares after its Q4
But the grand machinery keeping Wall Street moving is just picking up steam. That's because, deterred by regulatory uncertainty and higher borrowing costs, U.S. corporations have mostly sat on the sidelines in recent years when it came to buying competitors or selling themselves.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Marex and Deutsche see sharpest upticks in required client margin for F&O, while Wedbush and Mizuho fall furthest
Morgan Stanley, on Monday, forecast UK's economic growth would be less than 1% this year, echoing the estimate of its Wall Street peers Goldman Sachs and J.P.Morgan, citing a slowdown in Britain's economy and signs of labour market weakness.
JPMorgan Chase, Bank of America, Citi, Goldman Sachs, Morgan Stanley and BlackRock were all asked about how they plan to implement or have implemented hiring or supplier diversity goals.
The chief executive of banking giant Morgan Stanley reportedly says the firm is willing to work with US regulators on crypto offerings.
The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.
Tata Motors shares plummet as brokerages downgrade stock due to weak growth outlook and margin pressure concerns.
DBS will remain in the Net-Zero Banking Alliance, even after six of the largest US banks have left. Read more at straitstimes.com.
The Rs 3,027-crore initial share sale of India's largest eye care hospital chain by revenue will remain open for subscription from January 29 to January 31, with a price band of Rs 382-402 per share.