Reported about 15 hours ago
U.S. brokerage Oppenheimer has downgraded Goldman Sachs, Jefferies, and Carlyle due to rising concerns over President Trump's tariff policies affecting M&A activity. Wall Street analysts, initially optimistic about a rebound in mergers and acquisitions for 2025, are now apprehensive that ongoing trade tensions will hinder dealmaking despite available capital and stable interest rates. Oppenheimer has lowered its investment banking revenue forecast for 2025 from a projected 32% increase to flat, prompting a decline in stock prices of Goldman Sachs and Jefferies in premarket trading.
Source: YAHOO