Goldman Sachs saw a 3.3% increase in premarket trading after beating Wall Street’s first-quarter earnings expectations. The company posted earnings of $11.58 per share on revenue of $14.21 billion, driven by its trading and investment banking businesses. Analysts had predicted earnings of $8.56 per share on revenue of $12.92 billion, making this a significant beat
E-commerce
When it comes to long-term growth prospects, e-commerce and cloud computing giant Amazon (AMZN) is a top favorite among Wall Street analysts. Mizuho analyst James Lee is bullish on AMZN stock, reiterating a buy rating with a price target of $230. According to Lee, Amazon’s cloud computing unit, Amazon Web Services (AWS), is expected to
Alibaba, one of the leading e-commerce giants, saw a surge in its shares recently after founder Jack Ma expressed his satisfaction with the company’s progress. This positive sentiment comes on the heels of current Chair Joe Tsai’s confidence in Alibaba’s ability to maintain its dominance in the e-commerce industry. However, despite these optimistic outlooks, Wall
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