The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
The Swiss bank offered to give back 90% of any investments in the Credit Suisse funds that had put $10 billion into Greensill Capital before its collapse in 2021
A scenario where the far-right National Rally wins an absolute majority in French parliament could lead to further underperformance for French stocks after its worst week in two years, say strategists at Goldman Sachs.
Activist investor Starboard Value has taken a roughly $500 million stake in Autodesk Inc., the Wall Street Journal reported late Sunday, and is seeking changes at the software company.