Key Takeaways Goldman Sachs stock surged 57.3% over 12 months, outpacing JPMorgan and Morgan Stanley. GS reported IB revenue decline in Q1 2025 but holds a strong M&A backlog and leads in advisory market share. The Fed's capital relief proposal may boost GS' ROE and fund growth in IB, trading and AWM segments.The Goldman Sachs Group, Inc. (GS) shares have surged 57.3% over the past year, outperforming the industry's 40.9% growth. Its peers, JPMorgan (JPM) and Morgan Stanley (MS) , shares rose 48.4% and 50 ...

Core Insights - The article compares Goldman Sachs (GS) and Moelis & Company (MC), highlighting their distinct business models within the investment banking industry, with GS being a global financial giant and MC being a focused advisory-driven boutique [1][2]. Goldman Sachs (GS) - GS maintains a leadership position in global investment banking, particularly in M&A advisory, equity, and debt underwriting, with a 24% increase in IB revenues in 2024 due to a rebound in corporate financing activity [3]. - However, GS experienced an 8% decline in IB revenues in Q1 2025, attributed to market turmoil and uncertainty over monetary policy, though its leading position in deal-making suggests enduring client trust [4]. - The firm is strategically exiting lower-margin consumer finance businesses to focus on high-return sectors like investment banking and trading, including ending its partnership with Apple on the Apple Card and Apple Savings account [5]. - Goldman Asset Management aims for aggressive growth in private credit, targeting a portfolio of $300 billion by 2030, reinforcing its long-term growth potential [6]. Moelis & Company (MC) - MC demonstrates resilient performance driven by its high-quality advisory platform, achieving a 10% compound annual growth rate (CAGR) over five years despite revenue declines in 2019, 2022, and 2023 [7]. - The company is well-positioned to benefit from structural tailwinds in M&A and capital advisory, with elevated corporate debt levels driving demand for restructuring services [8]. - MC's business is diversified across various sectors and geographies, with no significant client concentration, and has advised on over $5.1 trillion in transactions since inception [9]. - MC projects a 42.4% year-over-year earnings growth for 2026, significantly outpacing GS's projected 13.1% growth, and offers a higher dividend yield of 4.64% compared to GS's 1.92% [10][22]. Performance and Valuation Comparison - Over the past year, GS shares gained 38.7%, while MC shares increased by 7.5%, both outperforming the industry average rise of 33.1% [11]. - GS is currently trading at a forward P/E of 13.26X, higher than its five-year median of 10.16X, while MC trades at a forward P/E of 25.65X, above its five-year median of 20.16X [14]. - Both companies have dividend yields exceeding the industry average, with MC having a notable edge [16]. Estimates and Growth Potential - The Zacks Consensus Estimate for GS indicates a revenue rise of 3.8% and 5.1% for 2025 and 2026, respectively, with earnings growth of 9.6% and 13.1% [19]. - In contrast, MC's estimates reflect a revenue increase of 2.8% and 20.9% for 2025 and 2026, with earnings growth of 0.6% and 42.4% [20]. - MC's advisory-driven model aligns well with the rising demand for restructuring services, indicating significant long-term potential [21][22]. - Despite trading at a premium valuation, MC's market capitalization of $4.4 billion compared to GS's $188.3 billion suggests more room for growth [23].

Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Competitor Profile: Apple Pay 2025" company profile has been added to ResearchAndMarkets.com's offering.Apple Pay is a mobile payment solution launched by Apple in October 2014. It allows users to store their payment card details to use for future payments. The report offers detailed information and insights into Apple Pay, including a thorough overview of its business operations, products and services, and a comparative assessment with key alternative payment ...

Core Viewpoint - Apple is currently experiencing a significant sell-off, with its stock down nearly 22% year-to-date, but there are reasons to believe that this decline has reached a point where it presents a buying opportunity for the second half of 2025 [1] Group 1: Product and Service Announcements - Apple has introduced new tools and design upgrades at its Worldwide Developers Conference (WWDC), including features that enhance user interaction with its products and services [3][4] - The company announced a software interface update called Liquid Glass and a new operating system, iOS 26, which will impact content across all Apple apps and devices [5] - Following these announcements, Apple's stock price saw a slight decline, possibly due to underwhelming expectations compared to competitors [6] Group 2: AI Positioning - Despite criticism regarding its AI capabilities, Apple is strategically focused on consumer-facing products and services, aiming to avoid overwhelming users with complex updates [8][9] - The company is gradually releasing AI features that enhance user engagement, which could justify price increases if well-received [10][11] - Apple's approach to AI is to blend it with design and user engagement rather than solely focusing on technological advancement [12] Group 3: Earnings Growth Potential - Long-term earnings growth is crucial for stock price appreciation, and while Apple's recent earnings growth has been lackluster, there are optimistic indicators for future growth [13][14] - An upcoming upgrade cycle is expected as many users who purchased devices during the pandemic will need replacements, potentially driving demand [15] - Apple's capital return program, including a $100 billion stock buyback and consistent dividend increases, supports earnings growth and enhances shareholder value [16][17] Group 4: Investment Outlook - Although Apple's price-to-earnings (P/E) ratio of 30.7 may not seem attractive, the potential for earnings expansion due to design improvements and AI features could make it a worthwhile investment [18][19] - The company is expected to outperform the S&P 500 in the latter half of 2025, with a focus on long-term investment rather than short-term gains [19][20]

Core Viewpoint - The investment banking landscape is evolving, with Evercore Inc. and The Goldman Sachs Group Inc. gaining investor attention due to their distinct service offerings in mergers and acquisitions, capital markets, and wealth management [1]. Investment Banking Sector Overview - The long-term outlook for the investment banking sector remains favorable, but near-term momentum has moderated due to market volatility and concerns over economic slowdown and inflation [2]. - The anticipated recovery in M&A activity is expected to occur in the latter half of 2025 [2]. Goldman Sachs Analysis - Goldman Sachs maintains a leadership position in global banking and markets, with a 24% year-over-year increase in IB revenues in 2024, driven by corporate debt and equity issuances [3]. - However, IB revenues declined by 8% year-over-year in Q1 2025 due to market uncertainty and a slowdown in M&A activities [3][4]. - Goldman is strategically exiting its non-core consumer banking business to focus on higher-margin areas like investment banking and trading, including ending its partnership with Apple [5][6]. - The company has divested several consumer finance businesses to enhance its focus on scalable core businesses [6]. Evercore Analysis - Evercore, while smaller, generates 95.9% of its revenues from Investment Banking and Equities, with a CAGR of 8.6% from 2017 to 2024 [7]. - The company is actively increasing its staff in the IB sector, employing 197 senior managing directors as of March 31, 2025, to support revenue growth [8]. Price Performance and Valuation - Over the past six months, Goldman shares fell by 0.1%, while Evercore shares dropped by 28.7%, against an industry growth of 0.8% [9]. - Goldman is trading at a 12-month forward P/E of 12.72X, higher than its five-year median of 10.17X, while Evercore trades at 18.06X, above its five-year median of 12.40X [11]. - Evercore's valuation is at a premium compared to the industry average of 13.73X, while Goldman is trading at a discount, making it a better choice for value investors [14]. Dividend Yield - Evercore has a dividend yield of 1.43%, while Goldman has a higher yield of 2.02%, both exceeding the industry average of 1.12% [14]. Earnings Estimates - The Zacks Consensus Estimate for Goldman suggests year-over-year revenue increases of 7.7% and 6% for Q2 and Q3 2025, respectively, with earnings growth of 13.9% and 20.9% [18]. - Conversely, Evercore's estimates indicate a revenue decline of 7.1% and 1.2% for the same quarters, with earnings declines of 22.7% and 3.4% [20]. Strategic Positioning - Despite near-term challenges, Goldman is well-positioned with an increased backlog and diversified revenue base, providing resilience that Evercore lacks during volatility [21]. - Goldman’s focus on high-return segments and divestitures is improving operational focus and profitability [22].

Apple users experienced problems with a range of the company's payment features on Friday.Wallet and Apple Pay were the last payment issues to be resolved, according to the company's support site. Earlier in the day, nearly 3,000 users reported issues with Apple Pay, according to Downdetector, a website that tracks outages.Some users were also experiencing problems with Apple Card and Apple Cash, but those outages were resolved earlier, the support site said.CNBC has reached out to Apple for comment. ...

Analysts expect the San Francisco, California-based company to report quarterly earnings at $2.68 per share, up from $2.51 per share in the year-ago period. Visa projects to report quarterly revenue at $9.55 billion, compared to $8.78 billion a year earlier, according to data from Benzinga Pro. Visa Inc. V will release earnings results for the second quarter, after the closing bell on Tuesday, April 29. Visa has reportedly proposed a $100 million payment to Apple Inc. AAPL to secure the Apple Card network. ...

Apple (AAPL) is set to report its second-quarter fiscal 2025 results on May 1.Apple expects the March quarter’s (second-quarter fiscal 2025) revenues to grow low to mid-single digits on a year-over-year basis. For the Services segment, it expects a low double-digit growth rate.The Zacks Consensus Estimate for fiscal second-quarter revenues is currently pegged at $93.56 billion, indicating growth of 3.09% year over year. The consensus mark for earnings is currently pegged at $1.60 per share, down by a penny ...

Meta发布全新AI模型Llama 4，原人工智能研究主管即将离职 「硅谷周报」是创业邦推出的系列栏目，旨在为科技领域创业者和投资人精选硅谷科技要闻，投融资 消息等，记录硅谷科技风向变动。 整理 | 刘杨楠 编辑 | 关雎 本周（2025.3.31-4.6）硅谷科技要闻包括： Meta发布全新AI模型Llama 4，原人工智能研究主管即将离 职；微软成立50周年之际，推出一系列针对Copilot的重大更新；Google Gemini高管Sissie Hsiao将卸任； OpenAI将在软银领投的融资轮中筹得400亿美元；Hut 8和埃里克·特朗普将创办比特币挖矿公司；AMD以 49亿美元收购ZT Systems高通考虑收购英国半导体公司Alphawave等等。 硅谷大公司 4月5日，Meta发布了其最新的AI模型系列Llama 4。该系列采用了"混合专家"（Mixture of Experts， MoE）架构，包含Llama 4 Scout、Llama 4 Maverick、Llama 4 Behemoth三款模型。 其中，Llama 4 Scout是一个拥有170亿活跃参数的模型，具备16个"专家"模块。它 ...