HSBC analyst Saul Martinez raised the firm’s price target on Goldman Sachs to $460 from $432 and keeps a Buy rating on the shares. After underperforming year-to-date, HSBC is incrementally positive on super regional banks. Citi (C) remains the firm’s preferred choice among banks, however. HSBC continues to expect the banks to show improved net interest income in 2H24, generate operating leverage in 2025, and increase share buybacks in 2025 and beyond.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Top Wall Street Names Explore Fresh Opportunities Amid Muted M&A Flow
- Reddit (NYSE:RDDT) Prices IPO at $34 Per Share
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 03/21/2024
- Altria (NYSE:MO) Accelerates Share Buybacks
- Super Micro Stock (NASDAQ:SMCI) Down on Equity Offering