Page 9 - Goldman Sachs

Goldman Sachs downgrades ratings on shares of SBI, ICICI, YES Bank

Key challenges include mounting pressure on the cost of funds, driven by structural funding issues, and escalating concerns regarding rising consumer leverage

Goldman Sachs downgrades SBI, ICICI Bank, says 'Goldilocks period' ending

The brokerage has downgraded SBI and ICICI Bank to 'Neutral' from 'Buy'; and downgraded YES Bank to 'Sell' from 'Neutral'

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

Goldman Sachs pushes BoE interest rate-cut forecast to June from May

Despite data showing signs of cooling in inflation, the central bank remains cautious in its approach due to persistent wage increases and a tight labor market

Goldman raises global equities to 'overweight' on economic growth prospects

"We expect growth to become a more important driver of risk appetite and equity/bond correlations should be more negative this year," Goldman said in a note dated Feb 16

India's economic growth may exceed 6% for rest of the decade: Goldman Sachs

India's demographics, strong government-led spending and healthy domestic demand makes it a "favorable destination for investments going forward," he said

Morgan Stanley planning to eliminate several hundred jobs in wealth unit

The bank's shares have been the worst-performing among its biggest US peers this year, down about 10%

Goldman, JP Morgan launch $5 billion loan for KKR's Cotiviti stake deal

The sale is broken up into a $4.4 billion floating rate term loan led by JPMorgan Chase & Co. and a $600 million fixed rate term loan led by Goldman Sachs Group Inc

India steel mills most at risk from EU carbon plan, says Goldman Sachs

Policymakers worldwide are seeking to reduce carbon emissions in their fight against climate change, with steel traditionally among the most polluting industries

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects

The stock rose 3.4% to $683.80 in premarket trading and looked set to add about $55 billion to the company's market capitalization. It was valued at $1.63 trillion as of Friday's close

Goldman, JPMorgan Weigh in as ESG funds suffer loss of over $5 bn

Against a backdrop of attacks by the Republican Party and lackluster returns, ESG funds in the US bled more than a net $5 billion in the final three months of 2023

Goldman Sachs senior exec Jim Esposito to retire after 3 decades at bank

In his work across fixed income, equities and investment banking, "Jim has also helped our businesses navigate extraordinary change in our industry

More global money will flock to India post general elections: Goldman

India's stock benchmarks, trading at record highs, just clocked their eighth straight year of gains as investors bet on the country's booming economic growth prospects

Fiscal deficit at 5.2-5.4% in interim Budget 2024-25: Goldman Sachs

While income taxes and corporate taxes are expected to grow at around 15 per cent in FY25, the government is likely to lower its target for disinvestment in the next fiscal year

After CLSA, Goldman eyes 'affluent India' play and identifies key themes

Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas

Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs

Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs

Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500

The brokerage says the global macro environment has turned more favourable compared to two months ago with expectations of stronger US growth and optimism around rate cuts by the US Federal Reserve

S&P 500 earnings forecast could rise further on strong economy: Goldman

S&P 500 companies' earnings per share are forecast to rise 5% to $237 this year, the team led by chief US equity strategist David Kostin predicted in a weekly research note

Goldman Sachs sees current account deficit falling to 1% of GDP this fiscal

Stating that the country's external balances are stronger than expected on the back of strong inflows, a Wall Street brokerage on Tuesday projected a much lower current account deficit which is likely to print at 1 per cent for this fiscal, leaving the balance of payment surplus at USD 39 billion. Goldman Sachs in a report said the country's external balances remain favourable with a combination of low CAD, strong capital flows, adequate forex reserves and low external debt. Combined with this, expectations for a weaker dollar due to the likely five US Fed rate cuts this year suggest a "goldilocks" environment for the country's external balances. Accordingly, the Wall Street major has revised upwards its current account deficit (CAD) forecast to 1 per cent of GDP for FY24 from 1.3 per cent earlier, and 1.3 per cent for FY25 from 1.9 per cent earlier, citing a downward revision to their oil price forecast to USD81/barrel in 2024 from above USD90 earlier; and services exports continui

Rupee may rise to 81/$ by 2024 end amid robust inflow hopes: Goldman Sachs

India's external balances remain favourable, with a combination of low current account deficit, strong public market capital flows, adequate forex reserves and low external debt