UBS' election stock basket has picks for either scenario.
With polling forecasting a close race in the U.S. presidential election , UBS is eyeing two baskets of stocks to prepare for either outcome. UBS strategist Andrew Garthwaite said a win for former President Donald Trump would be a net positive for equities, as opposed to a victory for Vice President Kamala Harris , which is seen as a tactical negative. Specifically, Garthwaite expects a Trump administration would lead to U.S.
Both banks beat third-quarter earnings estimates in early October , with the pair noting growing strength in their investment banking segments. Goldman Sachs notched a 20% increase in investment banking revenue in the third quarter. Stock in the David Solomon-helmed firm has advanced 33% in 2024. GS YTD mountain Goldman Sachs stock.
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