Investment Banking & Investment Services

TradingKey - KKR heads into earnings just above $95.89 support. Fee-paying assets, insurance profits and the timing of the Infinity sale shape the investment case.

TradingKey - Following a major correction, the South Korean stock market has recently entered a consolidation phase, with the KOSPI index fluctuating around the 5,500 mark. The index had previously pulled back rapidly from its year-to-date high, causing its short-term moving average structure to weaken noticeably, while the strength of the recent rebound remains insufficient to confirm a trend reversal. Against this backdrop, Goldman Sachs (GS) recently lowered its 12-month target for the KOSPI from 12,000 to 9,000 points, a 25% reduction.

TradingKey - Despite generally solid third-quarter results from major U.S. banks, bank stocks have continued to face sell-offs. The KBW Nasdaq Bank Index previously logged six consecutive weeks of decline, marking its longest weekly losing streak since the 2008 financial crisis. Although the index rebounded this week, it remains down about 11% from its August record high.

TradingKey - As of the close on October 19 Eastern Time, Amazon (AMZN) closed at $262.45, up 4.98% for the day, hitting an intraday high of $263.72, with trading volume reaching 56.19 million shares, up from 40.43 million shares in the previous trading session. The rally in Amazon's stock price was driven by Morgan Stanley (MS) naming the stock a top pick and raising its price target from $335 to $350, which represents a potential upside of approximately 33% based on the latest closing price.

TradingKey - At the close on Friday (October 16), the S&P 500 fell 1.09% to 7,659.44 points, down 1.95% for the week, primarily weighed down by a sell-off in AI-related tech stocks, rising financing costs, and a market reassessment of returns on AI capital expenditures. Heading into pre-market trading on October 19, US stocks rebounded, with S&P 500 futures rising by about 0.5% at one point. As the index approached 7,600 points again, Morgan Stanley's (MS) assessment that the current US stock market correction may be entering its late stage has drawn renewed attention.

Goldman Sachs' stock price pulled back to $780 from January to March due to delayed rate cuts and FICC headwinds, but surged to an all-time high of $1,154 between April and July, driven by a recovery in M&A and investment banking activity. From August to September, it retested $880–$900 amid a compression of valuation froth and spillover effects from peer warnings, including those from Bank of America. Currently, investment banks' price targets are generally bullish, though opinions remain divided on whether the stock will reach new highs.