J.P. Morgan: Macau's gambling revenue for the first eight days of December has slowed down as expected, with GALAXY ENT being the top choice for next year.
JPMorgan released a research report stating that the top choice among Macau Casino stocks for next year is GALAXY ENT (00027), with a "Shareholding" rating and a Target Price of HKD 48, reflecting its unique profit drivers and a low enterprise value multiple (EV/EBITDA) of 9 times. After that, WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) are also expected to perform well (these three companies share the same ranking), followed by SJM HOLDINGS (00880), and lastly, MELCO INT'L DEV (00200). The report mentioned that the gross gaming revenue for Macau for the first eight days of December was 4.5 billion Macau patacas (down...
Trump is trending towards financial deregulation, Goldman Sachs (GS.US) cheers as the merger and acquisition market welcomes Bullish news.
During the Trump era, merger and acquisition Trades are expected to increase, and Wall Street Banks are likely to benefit.
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JPMorgan has adjusted its net interest income guidance and now expects it to exceed Analyst expectations.
JPMorgan has changed its previous statement regarding Analysts being overly optimistic, now indicating that the bank expects net interest income next year to exceed expectations. Marianne Lake, the head of Consumer and Community Banking at JPMorgan, stated on Tuesday at a financial services conference hosted by Goldman Sachs that this key revenue could be about 2 billion dollars higher than current estimates. Lake mentioned that when the company releases its third-quarter results, Chief Financial Officer Jeremy Barnum talked about the consensus expectation of net interest income in 2025 being slightly too high at 87 billion dollars. She stated, "The situation has changed."
JPMorgan Revises Net Interest Income Guidance, Expects to Top Estimates, Bloomberg Reports
JPMorgan Expects Net Interest Income to Beat Estimates in Guidance Reversal
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