HSBC upgrades Goldman Sachs, raises price target on Morgan Stanley
Seeking Alpha ·
HSBC Global Investment Research upgraded Goldman Sachs ( GS ) to Hold from Reduce after the second-quarter financial results announcement. The Wall Street giant's Q2 revenue was boosted by a 55% year-over-year jump in investment banking fees. Like the other money
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HSBC Global Investment Research upgraded Goldman Sachs from underweight to hold and raised Morgan Stanley's target price. This adjustment is based on second-quarter earnings being strongly driven by a 55% year-over-year surge in investment banking fees. The robust earnings recovery of Wall Street giants is serving as a factor improving investor sentiment toward large-cap financial stocks. Investors need to review their portfolios of major bank stocks while monitoring the recovery in M&A and capital market activities.
상승 영향
- Financials — Investment banking fees surged by 55%, strongly driving the second-quarter earnings of major financial institutions such as Goldman Sachs and Morgan Stanley.
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DYAX Investor Sentiment
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