Jim Cramer Says The Goldman Sachs Group, Inc. (GS) CEO David Solomon's Quarter Call Was 'Extraordinary'

Yahoo Finance27minutes ago

Goldman Sachs: HSBC Holdings' first-quarter performance exceeded expectations, raising the Target Price to 101 HKD.

Goldman Sachs released a Research Report stating that HSBC Holdings (00005) exceeded expectations for the first quarter performance of both the bank and market expectations. Management maintained the tangible equity return guidance for the fiscal years 2025 to 2027 at a mid-teens level while confirming the guidance for bank net interest income for fiscal year 2025 at 42 billion USD, with a target cost growth of 3%. The bank raised its earnings per share forecast for the fiscal years 2025 to 2029 by 4%, 5%, 4%, 2%, and 1% respectively, and increased the Target Price for Listed in Hong Kong shares from 98 HKD to 101 HKD, maintaining a rating of "Buy." The bank currently expects bank net interest income for the fiscal years 2025 to 2027.

Sina Hong Kong Stocks05:01 ET

Goldman Sachs: CM BANK's first quarter performance is mixed, maintaining a "Buy" rating.

Goldman Sachs released a research report stating that CM BANK (03968) reported a year-on-year decline of 4% and 2% in operating profit before provisions and net profit for the first quarter, missing the bank's expectations. The performance was mainly affected by a net interest margin decrease that was 4 basis points higher than the bank's expectations, along with investment income being 19% lower than expected. The bank maintains a 'Buy' rating on CM BANK, based on its ability to enhance shareholder returns and the potential recovery in consumer finance, with a Target Price for H Shares set at HKD 47.62. The bank noted that CM BANK's quarterly loans increased by 5% year-on-year, which was lower than the system loan growth of 7.4%. Even with the rising bond yields in the first quarter, fair value is accounted for in Other Comprehensive Income (FVOCI).

Sina Hong Kong stocks05:00 ET

Goldman Sachs: raised the Target Price for WUXI APPTEC to HKD 74.9, rating "Neutral".

Goldman Sachs released a Research Report stating that WUXI APPTEC (02359) performed strongly in the first quarter of this year, and the management maintains its guidance for the fiscal year 2025, which aligns with the bank's expectations. It is believed that if the strong performance continues over the next one to two quarters, the company has room to raise its guidance in the second half of the year. The bank anticipates that the company's TIDES business will grow by 65% this year (with an official guidance growth of 60%), and has raised the TIDES revenue forecasts for the years 2025 to 2027 by 3.1%, 5%, and 5% respectively. The bank has also raised its profit forecasts for the years 2025 to 2027 by 7%, 3.5%, and 2.3% respectively, to reflect.

Sina Hong Kong Stocks04:59 ET

Goldman Sachs: AIA shows steady growth in the China market, maintaining a "Buy" rating.

Goldman Sachs released a research report stating that the market is expected to respond positively to AIA (01299) business updates for the first quarter of 2025, as the growth in new business value exceeds expectations, despite the high base effect in the China market. This better-than-expected performance reflects stronger growth in the Hong Kong market and robust growth in Thailand and Malaysia. AIA also noted that the marginal growth rate of new business contracts is increasing faster, which should create favorable conditions for after-tax operating profit growth. Goldman Sachs continues to believe that AIA's risk-reward ratio is attractive, maintaining a "Buy" rating with a target price of 90 HKD. AIA's China market is in the economic holiday.

新浪港股04:59 ET

Alarmist? Trump's second son claims that the traditional banking system is outdated and will disappear within 10 years if it does not change.

Eric Trump, the second son of former USA President Donald Trump and a supporter of Cryptos, warned traditional Banks: either change their Operation methods or face extinction. The executive vice president of the Trump Organization said in an interview in Dubai on Wednesday, "The modern financial system has collapsed, slowly and at a high cost." He also discussed the development of the UAE as a center for Cryptos. He said, "On the blockchain, there is nothing that can perform better than the current Financial Institutions' mode of Operation. SWIFT is an absolute disaster," referring to the international information network for global financial transactions.

Global market report02:22 ET