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Goldman Sachs has revised its economic outlook, raising the U.S. recession probability to 35% and lowering GDP growth forecasts due to escalating tariff tensions. The bank anticipates deeper interest rate cuts from the Federal Reserve and ECB, with the eurozone facing a potential technical recession in 2025. New tariffs proposed by former President Trump could significantly impact both regions' economies, prompting further adjustments in growth projections.
Goldman Sachs and Apple’s partnership, initiated in 2019, has faced significant challenges, particularly with the Apple Card, which has become a financial burden for Goldman. As both companies recalibrate their strategies, Goldman is refocusing on investment banking and AI, while Apple explores new partnerships for its credit card program, potentially with J.P. Morgan Chase or Barclays. Despite the partnership running until 2030, Goldman’s CEO hinted at an earlier exit due to ongoing financial losses and regulatory issues.
Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential economic recession grew. Goldman Sachs reported that U.S. tech stocks accounted for about 75% of the selling, particularly impacting AI-related hardware companies. This shift has brought hedge fund exposure to tech stocks to a five-year low, following a brief period of buying in mid-March.
Goldman Sachs has raised the odds of a US recession to 35% within the next year, citing escalating tariffs from Trump's trade war as a key factor. The bank also increased its inflation forecast and adjusted its GDP growth estimate for 2025 to just 1%, while predicting a rise in the unemployment rate to 4.5%. Consumer confidence has significantly declined, with many Americans anticipating higher unemployment, as the administration's aggressive tariff policies continue to unfold.
Goldman Sachs has revised its forecast, now predicting three Federal Reserve interest rate cuts in 2025 and raising the probability of a U.S. recession to 35%. This adjustment follows concerns over President Trump's tariffs, which are expected to pressure economic growth and have led to a decline in household and business confidence. The bank anticipates rate reductions in July, September, and November, citing increased risks from upcoming tariffs.
MarketBeat highlights five stocks recommended by top analysts, excluding The Goldman Sachs Group, which holds a Hold rating. Recently, the chief accounting officer sold shares at an average price of $627.01, reducing their position by nearly 24%. Goldman Sachs reported strong earnings with an EPS of $11.95, surpassing estimates, and declared a quarterly dividend of $3.00 per share, yielding 2.21%.
Goldman Sachs analysts have revised their S&P 500 and GDP forecasts in response to the impact of Trump-era tariffs. The adjustments reflect the ongoing economic challenges posed by these trade policies, indicating a significant shift in market expectations.
Goldman Sachs has sparked a significant downturn in the stock market, leading to sharp declines in major tech stocks, including NVIDIA (NVDA), Tesla (TSLA), and Palantir (PLTR). The market's reaction reflects growing concerns among investors about the broader economic implications.
HSBC has lowered its price target on Goldman Sachs Group to $605 from $628 while maintaining a hold rating. Goldman Sachs specializes in investment services, with revenues primarily from investment banking (64.9%), asset and wealth management (30%), and financial services (5.1%). Geographically, its revenues are distributed as follows: Americas (63.4%), Europe/Middle East/Africa (25.4%), and Asia (11.2%).
Goldman Sachs has revised its S&P 500 target downward, reflecting a growing concern over stagflation and an increased risk of recession. This shift indicates a more cautious outlook for the market as economic challenges persist.
The Goldman Sachs Group, Inc.
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