Under pressure from the Republican Party, Morgan Stanley (MS.US) follows Wall Street's lead in withdrawing from the climate organization.

Morgan Stanley (MS.US) announced on Thursday that it will withdraw from the Net Zero Banking Alliance (NZBA), which aims to achieve net zero carbon emissions.

Zhitong Finance08:34 ET

Evercore Maintains Goldman Sachs(GS.US) With Buy Rating, Raises Target Price to $623

Moomoo News08:31 ET · Ratings

Wells Fargo Maintains Goldman Sachs(GS.US) With Buy Rating, Maintains Target Price $680

Moomoo News07:32 ET · Ratings

Wells Fargo Keeps Their Buy Rating on Goldman Sachs Group (GS)

TipRanks06:56 ET · Ratings

Goldman Sachs: Macau's gambling revenue last month met expectations. Bullish on Sands China and GALAXY ENT.

Goldman Sachs published a research report stating that Macau's gross gaming revenue decreased by 2% year-on-year last month, reaching 80% of the pre-epidemic level in 2019, which aligns with the expectations of the bank and the market. In the last two weeks of last month, the daily average gross gaming revenue was 0.603 billion Macau patacas, higher than the 0.571 billion Macau patacas in the first 14 days of the month. The gross gaming revenue from the mass market remains steadily at 1.1 times the pre-epidemic level. The report also mentioned that during a senior inspection visit to Macau, it was suggested to promote economic diversification in Macau, better coordinate development in Hengqin with Guangdong Province, and integrate with the Greater Bay Area. The bank maintains its expectation that this year Macau's gross gaming revenue will rise by 8% year-on-year, based on a reduction in cost pressures caused by inflation and competition, leading to more incremental revenue growth.

Sina Hong Kong Stock.02:55 ET

Goldman Sachs: Maintains HUA HONG SEMI "Buy" rating with a Target Price of HKD 31.3.

Goldman Sachs released a research report stating that it maintains a "Buy" rating on HUA HONG SEMI (01347), with a Target Price of HKD 31.3. Although the demand for the company's products such as PMIC, CIS, logic, and RF products is strong, the growth in terminal markets like Consumer Electronics and Autos remains moderate, and the recovery of Microcontroller Units (MCUs) and power discrete devices may take more time. With demand gradually recovering, Goldman Sachs maintains a positive long-term outlook on HUA HONG due to the increasing preference of local customers for HUA HONG's specialized technology, which is present in Consumer Electronics, computers, electric vehicles, New energy Fund, and industrial fields.

Sina Hong Kong Stock00:43 ET