BofA profit drops on rising provisions, but beats estimates as investment banking surges
By Mehnaz Yasmin and Saeed Azhar
Tag: investment
How sequence of return risk can impact retirees\’ portfolio
Sequence of return risk is the danger that the timing of withdrawals from an investment portfolio, particularly during retirement, coincides with a period of poor investment returns.
Pullback rally soon? Sanjiv Bhasin on 4 stocks to bet on in this uncertain market conditions
Sanjiv Bhasin recommends strategic investments in HUL, LTI, and Indiabulls Real Estate. He advises reallocation from heavyweight stocks to capitalize on growth prospects. Opportunities also lie in ICICI Bank, Bharti Hexacom, Voda-Idea, and IDFC Bank. Bhasin further says: \”We are looking at one pullback rally because all negatives are slowly getting priced in. \”
ETMarkets AIF Talk: Betting on India, this fund manager turns Rs 1 cr investment into Rs 5 cr in 11 years
Emkay Capital Builder achieved impressive 16.75% CAGR returns, growing an initial Rs 1 crore investment to Rs 5.5 crore over 11 years. Sachin Shah provided insights on India\’s per capita income and outlined strategies for a prosperous future. He also says he anticipates accelerated growth in five key themes in the coming years, presenting exceptional opportunities for bottom-up stock selection and the creation of winning portfolios.
Goldman Sachs profit jumps 28% on investment banking strength
(Reuters) – Goldman Sachs profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday.
Positive year but don’t expect bull runs like in last 2-3 years; elections not a catalyst to get into India: Amit Sachdeva
Amit Sachdeva from HSBC Securities discusses market strategies, positive outlook on Indian market, manufacturing growth, and sectoral preferences. Despite challenges, anticipates market growth with a focus on robust sectors and balanced investments for long-term returns. Sachdeva says: \”The structural momentum for India is here to stay and that is the reason we maintain a little bit of positive bias on India, which remains an overweight market for us .\”
Citi Q1 Results: Profit drops as costs rise for employee severance, deposit insurance
Citigroup\’s profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund.
ETMarkets Fund Manager Talk: This asset manager sees good investment opportunities across 3 key areas
Mirae Asset Investment Managers are bullish on India\’s economy, emphasizing growth prospects. Ankit Jain sees opportunities in midcap companies, consumer, and financial services sectors. Positive outlook despite stretched valuations, with focus on earnings growth and investment opportunities in various sectors. Jain says: \”The 1-year forward P/E ratio for Nifty stands at 22.5x, while for the Midcap 100, it is 24.5x, representing a premium of 12-15% over their respective 10-year averages.\”