Goldman Sachs maintains a "neutral" rating on Stanchart with a target price of 95 Hong Kong dollars.
Goldman Sachs released a research report stating that Stanchart (02888) has caught up in valuation with HSBC Holdings (00005), along with high expectations for non-interest income in the fiscal year 2025, maintaining a 'neutral' rating, and deriving a target price of 95 HKD based on the residual income model (RIM). The report mentioned that the bank participated in Stanchart's investor meeting on December 3. Management set a target for 2025-29: to attract 200 billion USD in net new funds, driving the asset management business revenue to achieve double-digit growth. The bank expects Stanchart's non-interest income to have a compound annual growth rate of 9% between 2024 and 2026.
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Goldman Sachs: Affected by Trump's tariffs, the Western Canadian Select crude oil (WCS) may fall below $40.
According to a report by Goldman Sachs, if the US President-elect Donald Trump imposes a 25% tariff on all products in the country, the price of Western Canadian Select crude oil (WCS) could drop to below $40 per barrel by 2026. The General Index indicates that Western Canadian Select crude oil (WCS) was above $55 per barrel on Monday. Analysts, including Yulia Grigsby, wrote in the report that Goldman Sachs expects a widespread 10% tariff on oil, which will negatively impact the prices of US crude oil and RBOB gasoline due to a decrease in demand.
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jpmorgan's trading team expects the s&p 500 index to approach 6300 points by the end of the year.
According to traders at JPMorgan, the S&P 500 index still has further room to climb before the end of the year, even after the strongest wave of gains since the early days of the internet bubble. The derivatives analyst at the bank said that the most popular options trading bets are on the US stock benchmark reaching 6200 to 6300 points this month. Based on the closing level of around 6032 points last Friday, this means it could rise another 3%-4% by year-end. "A positive macro environment, earnings growth, and the continued support from the Federal Reserve are the factors that keep us tactically bullish until the end of the year," said Andrew from global market research.
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