Sep. 12 at 6:32 PM
$GS Goldman scored a
$40B pension mandate from
$SHEL Shell, padding its asset-management AUM tally, & tossed
$1B into
$TROW T. Rowe Price as another side bet on private markets. The usual risks—rates, regulators, & thinner margins—still hang overhead. It’s Goldman: flows come in, flows go out, the franchise endures.
#RKT Rocket Lab beat the quarter with enough to look “better than expected.” It bought Redfin, which means mashing together real estate traffic with an equally interest-rate-sensitive mortgage business. Analysts are already hyping rate cuts.
Bank of America upgraded the stock, hiking the target from
$21 to
$24. The case is simple: falling rates juice both purchase & refinance volumes. The Mr. Cooper deal comes with the usual promise of half a billion in “synergies.” Add in
$200M in Redfin synergy fairy dust & an 11% bump to 2026 EPS estimates.
