By Saeed Azhar and Niket Nishant(Reuters) -Goldman Sachs’ profit rose 15% in the first quarter, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but its CEO warned of a difficult environment ahead.The Wall Street bank joined rivals JPMorgan Chase (NYSE:JPM) and Morgan Stanley in reporting higher profits, even as investors have shifted their focus o ...
Investing.com -- Morgan Stanley has upgraded its rating on BYD Company (OTC:BYDDY) Limited to “overweight” from “equal-weight,” raising its price targets on the company’s H- and A-shares, citing strong fundamentals and growing global clout in the electric vehicle sector.The brokerage lifted its price target for BYD’s H-shares to HK$438 from HK$307 and for its A-shares to Rmb433 from Rm ...
Investing.com -- JPMorgan strategists believe there will be opportunities to buy equities in the second half (2H) of this year—but not just yet.“We continue to believe that we would be buyers of equities sometime in 2H, but the current volatility is likely not done yet,” strategists led by Mislav Matejka said in a note.Despite the recent 90-day tariff pause and select exemptions, the broader ...
(Reuters) - Wall Street’s main indexes leapt at the open on Monday, with the tech-heavy Nasdaq up over 2%, as investors welcomed the White House’s move to exempt smartphones and computers from U.S. tariffs. The Dow Jones Industrial Average rose 333.4 points, or 0.83%, at the open to 40,546.15. The S&P 500 rose 78.6 points, or 1.47%, at the open to 5,441.96, while the Nasdaq Composite ro ...