I:RUT Dec 2024 1600.000 call
- Yahoo Finance Video
Goldman Sachs stock 'a clear winner' in current market: Analyst
Goldman Sachs (GS) reported first quarter earnings, beating analyst expectations on both the top and bottom lines. UBS's US Brokers and Asset Managers Analyst Brennan Hawken joins Yahoo Finance to discuss why Goldman Sachs stock "makes a ton of sense" for investors. Hawken notes that capital markets recovery has contributed to the upside seen in Goldman Sachs' stock performance. Additionally, the successful sale of GreenSky and the bank's exit from the consumer business have helped drive "better-than-expected" results. The analyst observes that the first quarter is "typically a seasonally strong quarter for investment banking." While cautioning that Goldman Sachs' earnings shouldn't be viewed as a straightforward trend, Hawken acknowledges that the results have demonstrated "they've repositioned this franchise in order to drive earnings." Addressing the market volatility stemming from Federal Reserve rate cut uncertainty, Hawken states that "volatility drives volume," which is "a good thing" for trading businesses like Goldman Sachs — calling the bank "a clear winner in this environment." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- Reuters
Morning Bid: Red hot retail readout drives US economy and dollar
With Middle East anxiety still brewing in the background, the red hot U.S. retail readout for March has underlined the sheer strength of the economic expansion there and is super-charging the dollar around the world. Against Tuesday's news of a spluttering March for China's economy, and a surprising rise in British jobless during the month, the exceptional U.S. performance stands out yet again and has catapulted the dollar to new highs for the year. China's first-quarter GDP annual growth of 5.3% did surpass expectations but March industry and retail growth missed forecasts, new home prices fell at their fastest pace in eight years and property investment fell almost 17% year-on-year.
- Reuters
MORNING BID AMERICAS-Red hot retail readout drives US economy and dollar
A look at the day ahead in U.S. and global markets from Mike Dolan With Middle East anxiety still brewing in the background, the red hot U.S. retail readout for March has underlined the sheer strength of the economic expansion there and is super-charging the dollar around the world. Against Tuesday's news of a spluttering March for China's economy, and a surprising rise in British jobless during the month, the exceptional U.S. performance stands out yet again and has catapulted the dollar to new highs for the year. China's first-quarter GDP annual growth of 5.3% did surpass expectations but March industry and retail growth missed forecasts, new home prices fell at their fastest pace in eight years and property investment fell almost 17% year-on-year.
