Goldman Sachs

The bank this week reported that its asset- and wealth-management business posted revenue of US$4.72 billion during the fourth quarter, up 8% from a year earlier.

Just this week, FTSE 100 constituent Ashtead Group announced plans to move its primary listing to the US.

The analysts' target prices now range from $37 to $41.

The S&P 500 Index is expected to post an annualized nominal total return of just 3% over the next 10 years.

A barrage of economic, financial and market-support measures reinvigorated investor confidence in Chinese shares and prompted the likes of Goldman Sachs to upgrade the nation’s stocks to overweight.

Goldman Sachs expects S&P 500 sales to rise by 4% in 2025 compared with 6% this year.

European defence stocks slid on Monday after a report claimed that Germany will no longer grant new requests for aid to Ukraine.

Goldman Sachs expects the central bank will reduce its benchmark by 25 basis points in September, November and December.

“I would be looking to trim exposure up here post July 4th,” Rubner wrote in a note to clients Friday.

Goldman now sees the US stock benchmark index finishing the year at 5,600, up from a 5,200 level they predicted in February.