Express News | Citigroup up 2.4%, JPMorgan Chase up 2.4%, Bank of America up 2.2%
Express News | Wells Fargo up 3.2%, Morgan Stanley Rises 3%, Goldman Sachs Gains 1.6%
Express News | Shares of U.S. Big Banks Advance
Amazon.Com Inc., JPMorgan Chase Share Gains Lead Dow's 250-Point Climb
Jefferies Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $571
Morgan Stanley Upgraded to Buy at HSBC on Investment Banking, Wealth Strength
HSBC Adjusts Goldman Sachs Group's PT to $538 From $527, Keeps Buy Rating
Castle Investments reportedly increased the number of basic stocks team members in Asia to over 60 people.
According to sources, Castle Investment's $64 billion hedge fund business will increase the number of basic stock teams in Asia to more than 60 in just over three years. Sources said that two portfolio managers, Doris Yang and Jerry Jiang, will join early next year, bringing the total number of 'pods' in the region to nine. Castle Investment declined to comment in an email statement. Castle Investment has been expanding its Asian equity investment team to take advantage of the region's capital market growth and talent. This is in stark contrast to the years following the global financial crisis when the company was cutting back.
Goldman Sachs: Raises Xiaomi's target price to 27.5 Hong Kong dollars, reiterates 'buy' rating.
Goldman Sachs released a report, raising Xiaomi's (01810) target price from 24.7 Hong Kong dollars, up 11.33% to 27.5 Hong Kong dollars, reiterating a 'buy' investment rating. Goldman Sachs stated that Xiaomi continues to achieve early strategic success in China and globally by focusing on users with 'Human x Car x Home'. More specifically, the bank 1) proposed an increase in phase one factory capacity, expecting annual deliveries of SU7 to exceed 0.225 million vehicles after 2025; 2) introduced the bank's outlook on SU7 Ultra (GSe 4k2025 average selling price of 8.
Goldman Sachs: Slightly raised the target price of the three major Chinese telecom stocks and maintained a 'buy' rating. The target price of the iron tower has been lowered to 1.15 Hong Kong dollars.
Goldman Sachs' research report indicates that it maintains a 'buy' rating on China Mobile (00941), China Telecom (00728), and China Unicom (00762). The target price for China Mobile has been raised by 0.3 Hong Kong dollars to 84.3 Hong Kong dollars, while the target price for China Telecom has increased slightly from 5.4 Hong Kong dollars to 5.41 Hong Kong dollars, and the target price for China Unicom has risen from 7.6 Hong Kong dollars to 7.8 Hong Kong dollars. Goldman Sachs has made slight adjustments to the forecasts for the three major Chinese telecommunications stocks to reflect that the average revenue per user for mobile phones is better than the bank's expectations, leading to a maximum 2% increase in EBITDA forecasts for 2024 to 2026. Mainland telecommunication services revenue in July and August.
Goldman Sachs: Upgraded cosco shipping holdings rating to "Neutral", raised target price to 10.7 yuan.
Goldman Sachs released a research report, upgrading cosco shipping holdings (01919) investment rating from 'sell' to 'neutral'. Due to the escalation of geopolitical tensions in recent years, the complexity of the shipping supply chain has increased, including some routes where transportation distances have become longer, which may benefit certain Chinese shipping companies, including cosco shipping holdings, with high freight rates during supply chain disruptions, driving expectations of higher return on investment and providing support for market ratio valuations. Goldman Sachs pointed out that the management of cosco shipping holdings revealed that the East Coast port strikes in the USA, the anticipatory shipping peak before potential tariff increases, and the earlier Chinese lunar New Year next year, have all driven.
After completing a round of major financing, OpenAI has obtained a new $4 billion revolving credit line.
OpenAI announced on Thursday that the company has obtained a new revolving credit line of 4 billion dollars. The day before, the developer of the chatbot ChatGPT completed a round of financing of 6.6 billion dollars, solidifying its position as one of the world's most valuable private companies. OpenAI stated that this line of credit will increase its liquidity to 10 billion dollars, enabling the startup to purchase expensive computational power like Nvidia chips and compete with technology giants such as Google under Alphabet. OpenAI CFO Sarah Friar said: "This credit line will..."
CoreCard Stock Dips After Report That Goldman Is Close to Selling Apple Card
Dow Falls 290 Points On Losses For Merck, Intel Shares
Amazon.Com Inc., Goldman Sachs Share Losses Contribute To Dow's 150-Point Fall
OpenAI Gets $4 Billion Revolving Credit Line, Giving It More Than $10 Billion in Liquidity
Oppenheimer Maintains Goldman Sachs(GS.US) With Buy Rating, Raises Target Price to $577
Looking Into Goldman Sachs Gr's Recent Short Interest
S&P 500 Could Jump Another 5% This Year, Goldman Says. Expect Volatility First. -- Barrons.com
OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round -- 3rd Update