Its Investment Banking segment provides financial advisory services. These include strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs. The segment offers middle-market lending, relationship lending and acquisition financing, as well as transaction banking services.
This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities. And it offers debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans and emerging- and growth-market debt.
The Global Markets segment is involved in client execution activities for cash and derivative instruments, credit products, mortgages, currencies, commodities, and equities, as well as provision of equity intermediation and equity financing services. It also offers clearing, settlement and custody services.
Goldman Sachs stock comes with a 3.59% dividend. The $388 BofA Securities target price is higher than the consensus target of $382.18. The stock closed on Thursday at $310.50.
Home Depot
With the potential for a 2024 recession, and skyrocketing interest rates and home prices, people will likely stay put, and this is one of the top retailers to own now. Home Depot Inc. (NYSE: HD), a home improvement retailer, sells various building materials, home improvement products, lawn and garden products and décor products, as well as facilities maintenance, repair and operations products.
The company also offers installation services for flooring, water heaters, baths, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners. But it also serves professional renovators/remodelers, general contractors, maintenance professionals, property managers, building service contractors and specialty tradesmen, such as electricians, plumbers and painters.
Besides via Home Depot stores, the company also sells its products online. Its sites include Blinds.com, for custom window coverings, and The Company Store, for textiles and décor products.
Shareholders receive a 2.86% dividend. BofA Securities has set its target price at $363, while Home Depot stock has a consensus target of $344.52. Thursday’s close was at $291.70.
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