Tag: dealing
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U.S. stocks may be a better bet than those in China and Europe, says Goldman Sachs
[ad_1] Most economists are expecting a recession to hit the U.S. in the next 12 months and company earnings growth to become stagnant in 2023, but Goldman Sachs is much more optimistic. While economists polled by the Wall Street Journal forecast a 54% chance that the U.S. would see a recession in the next 12…
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The nation’s biggest banks are gearing up for more consumer struggles ahead
[ad_1] JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.” But with rivals like Bank of America Corp., Goldman Sachs Group Inc. and American Express Co. set to report quarterly results this week, recession agita still prevails.…
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Earnings season to give stock-market investors update on ‘heavily debated’ consumer health, says Goldman
[ad_1] With the U.S. second-quarter earnings reporting season kicking off, investors will get a view of consumer health in an economy still stuck with high inflation as the stock market climbs this year. “Investors have heavily debated the health of the consumer, and results from the consumer discretionary and staples sectors will provide a status…
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Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates
[ad_1] JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis. Bank of America Corp. BAC, +0.46% and Morgan Stanley MS, +0.05% will provide their second-quarter updates on July 18, followed by…
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These stocks could be the next Magnificent Seven leaders, says Goldman Sachs.
[ad_1] The second half of the year kicks off with a holiday-shortened week, though jobs data comes at the end of it. That’s as Tesla may have lit a firecracker for tech with some pretty bullish sales numbers out Sunday. “Can tech keep up the pace?” is a burning question for many with regards to…