Page 5 - Goldman Sachs

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

Goldman Sachs beats JP Morgan to emerge best provider for merger advice

The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg

Goldman Sachs faces rocky exit from Apple credit card partnership

The expected unwinding of the Apple-Goldman partnership is another blow for CEO David Solomon's consumer strategy, which aimed to broaden the bank's revenue beyond its traditional mainstays

Goldman Sachs ramps up credit business in India, targets rich diaspora

Goldman joins Wall Street lenders and private equity giants chasing opportunities in an economy that is forecast to grow 7% in the year ending March

From India to Australia, Goldman sees banks easing policy earlier after Fed

Still, Goldman expects the rate reductions in the Asia-Pacific to be fewer and shallower than Fed officials' projected easing cycle

Goldman Sachs lifts benchmark European share index's 12-month target to 500

Goldman's target is roughly 1% above the index's January 2022 high. The U.S. Federal Reserve began raising interest rates in March of the year

Vanguard to Goldman Sachs, global firms rush to buy Alipay's Zomato stakes

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

Apple offers exit ramp to Goldman Sachs for troubled credit card accord

The iPhone maker, which offers a credit card and savings account with Goldman, recently sent a term sheet to the financial giant that would be a first step toward severing the contract

S&P Global, Morgan Stanley peg India's GDP growth at 6.4% in 2024

Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.

India emerges as the least sensitive to a slowdown in China, shows data

Charts a distinct course in the face of global headwinds, while others tethered to China's gusts

Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

Goldman Sachs loads up on Indian markets: Upgrades to 'overweight'

Brokerage cites strong economic growth prospects, steady domestic mutual fund inflows, and a potential supply-chain shift from China