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Goldman Sachs Group Inc. is facing criticism over its decision to award $80 million in retention bonuses to its top two leaders. Institutional Shareholder Services has urged investors to reject these bonuses at the upcoming annual meeting, highlighting growing discontent among stakeholders.
UBS shares received strong support from analysts last month, with four experts recommending a buy. The average price target is CHF 36.25, indicating a potential increase of CHF 9.38 from the current price of CHF 26.87. The six-month rating trend remains positive.
Alabama Attorney General Steve Marshall praised Wells Fargo's decision to withdraw from its sustainability goals under the Net-Zero Banking Alliance, viewing it as a victory against environmental social governance policies. This move exempts Wells Fargo from an 18-state investigation into potential antitrust violations related to net-zero emissions policies, while other major banks that left the alliance have not publicly disavowed its targets. In contrast, Investor Advocates for Social Justice criticized the decision as a setback in the fight against climate change, emphasizing the need for financial institutions to take responsibility for their environmental impact.
Goldman Sachs has revised its S&P 500 target downward for the second time this month, now forecasting a year-end close of 5,700 points, down from 6,200. This adjustment reflects increased recession risks and uncertainties surrounding tariffs, suggesting only a 2% gain from recent levels. The new target is among the lowest on Wall Street, according to Bloomberg.
Glass Lewis & Co. is urging investors to oppose Goldman Sachs Group Inc.'s plan to award $80 million bonuses to CEO David Solomon and President John Waldron. The advisory firm criticized the bonuses as "excessive retention awards" and expressed concerns over the company's ongoing failure to align pay with performance.
Proxy adviser Glass Lewis has recommended investors vote "against" the executive pay at Goldman Sachs, criticizing the bank's failure to align compensation with performance. The report highlights the $160 million in retention awards given to CEO David Solomon and President John Waldron, calling the rationale for these payments insufficient.
Alvaro del Castano has been appointed co-head of Goldman Sachs Group Inc.'s business in Iberia, overseeing operations in Spain and Portugal. This promotion may signal the end of his role as a political op-ed writer critical of the current Spanish government. Del Castano has been with Goldman Sachs since 1993 and also leads private wealth management for the region.
JPMorgan Chase & Co. is gaining attention as it embraces quantum computing, potentially enhancing its trading revenue and positioning it as a leader in the financial sector. Despite a Moderate Buy rating, analysts suggest other stocks may offer better value, while JPMorgan's defensive business model has led to a recent outperformance against Goldman Sachs amid market volatility. The bank's forward P/E ratio of 12.8x indicates a competitive valuation compared to peers, suggesting it could be a strong buy in the current environment.
CoreWeave priced its IPO at $40 per share, falling short of the expected $47 to $55 range, amid investor caution despite strong demand for AI cloud services. The offering includes 37.5 million shares, with significant backing from Nvidia and OpenAI, and is set to trade under the ticker “CRVW” on Nasdaq starting March 28. Despite a remarkable revenue growth of 737% to $1.9 billion in 2024, the company reported a net loss of $863 million, raising concerns about its reliance on Microsoft, which accounted for 62% of its revenue.
Goldman Sachs has reduced its price target for UBS from 44.50 to 36.00 francs while maintaining a "Buy" rating. Analyst Chris Hallam noted that the outlook for European banks is the strongest in two decades, with institutions like Deutsche Bank and BNP Paribas poised to benefit, despite UBS facing stricter capital requirements.
The Goldman Sachs Group Inc
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