Dilok Klaisataporn/iStock via Getty Images The market’s reaction to Goldman Sachs’ ( GS ) first quarter (Q1) earnings for FY2026 – made on the 13 th of April 2026 – was striking: despite early trends that the company will repeat the results of Fiscal Year 2025 wherein net earnings registered strong growth over the previous year’s, the stock went on to fall by 2%. There are two specific factors that could be attributed to this immediate conviction – one for the industry that the company operates in and one more generalized for the economy. Trend Drilldown In recent years, Goldman Sachs has been working on transitioning out of the consumer banking business altogether. Early in January, the company announced that it will be transitioning its Apple Card business – which represented the first consumer credit card by Goldman Sachs – to Chase over a period of 2 years. In 2025, it had entirely exited the General Motors card business as well. Meanwhile, some line items have been merging as the company streamlines its business. For example, “Equity Investments” and “Debt Investments” are now reported in aggregate as the bank transitions from direct investments on its balance sheet to a scaled third-party funds-driven business. Previously, the bank would use its own balance sheet to make massive investments (known as “Principal Investments”) into opportunities. Going forward, it would increasingly raise money from outside investors and manage the investment in exchange for “Management Fees” and “Incentive Fees”. The line item merge in this instance is a signal of commitment to the market. While the changes don’t alter the bottom line (i.e. earnings) or the top line (i.e. revenue) in past quarters, it does alter the horizon of the trend line analysis relative to more recent data. Source: Created by Sandeep G. Rao using data from Goldman Sachs' Financial Statements One potentially significant standout in trends is in the company’s steadfast commitment to compensation and benefit...

NVIDIA (NVDA.US) launched the world's first quantum open-source AI model, triggering a significant rise in quantum computing-related stocks. Moomoo

中国巨石公告，预计2026年第一季度实现归属于上市公司股东的净利润为11.69亿元至13.15亿元，与上年同期相比，将增加4.38亿元至5.84亿元，同比增加60%至80%。预计2026年第一季度归属于上市公司股东的扣除非经常性损益的净利润为11.91亿元至13.4亿元，与上年同期相比，将增加4.47亿元至5.95亿元，同比增加60%至80%。2026年第一季度，玻纤主要下游应用领域需求增加，产品量价齐升。公司通过加快产品结构优化、加大技术创新力度、加强市场开拓等措施提升盈利能力，为本期业绩增长奠定了良好基础。

QCOM Insider Selling: CFO Palkhiwala Disposes 1,971 Shares April 15, 2026 Meyka

Cloudflare will benefit from rising demand for cloud computing services as artificial intelligence adoption booms, priming it for solid gains ahead, according to Piper Sandler. The investment firm upgraded cloud name to overweight from neutral. Its $222 price target imply 24.3% upside from Tuesday's close. Piper also said the stock trades at a discount, having lost more than 9% in 2026. "We have long-viewed Cloudflare as one of our favorite long-term stories given where infrastructure is heading," analyst James Fish said Tuesday in a note to clients. "A great entry point has been hard to come by given this, but we see the recent pullback as a window to get involved." Cloudflare is poised to bring in business through pay-as-you-go computing services, including network-as-a-service (NaaS), secure, access service edge (SASE) and infrastructure as a service (IaaS), according to the analyst. Those cloud computing services allow customers to access and store information in a at a lower cost. But shares have been under pressure this year amid a broader slump in software stocks. That decline has been fueled by concerns that AI could disrupt the industry — a risk that is particularly top of mind for investors following the limited release of Anthropic's Claude Mythos . NET YTD mountain Shares are down 9% in 2026 However, cloud computing services are likely to remain popular, particularly in the age of generative AI. Cloud computing sales are expected to hit $2 trillion by 2030, with generative AI accounting for up to roughly 15% of that spending, according to Goldman Sachs Research. Cloudflare, which already has a working relationship with OpenAI, is poised to be a preferred provider of AI firms, Piper Sandler said. "Cloudflare and its edge-peers should be AI-Infrastructure winners, and specifically for Cloudflare via: 1) Workers / IaaS solutions hosting AI applications; 2) increased use of caching as part of AI-infrastructure, along with increased website traffic; 3) networ...

格隆汇4月15日｜阿联酋副总统曼苏尔同伊朗伊斯兰议会议长卡利巴夫举行电话会谈。通话中，双方重点讨论了当前地区局势发展情况，并共同商讨了缓解地区紧张局势、推动局势降温的有效途径。

M. Suhail M&T Bank ( MTB ) turned in earnings that exceeded the average analyst estimate on Wednesday as it continued to invest in its businesses. Its outlook for 2026 net interest income is roughly in line with consensus, while its guidance for fee income was stronger than the average estimate. The company expects 2026 net interest income, on a taxable-equivalent basis, to reach $7.2B-$7.35B (vs. Visible Alpha consensus of $7.26B) and fee income of $2.675B-$2.775B (vs. Visible Alpha estimate of $2.66B). GAAP expense is expected to be $5.5B-$5.6B for the year vs. the Visible Alpha consensus of $5.6B. Q1 operating EPS of $4.18, beating the average analyst estimate of $4.01, fell from $4.72 in Q4 2025 and rose from $3.38 in Q1 2025. Q1 revenue of $2.44B, topping the $2.43 consensus, declined from $2.48B in the previous quarter and increased from $2.31B a year ago. Taxable-equivalent net interest income was $1.76B, vs. the Visible Alpha consensus of $1.77B, dropping from $1.79B in the prior quarter and climbing from $1.71B in the year-ago period. Noninterest income of $689M dropped from $696M in Q4 and $611M in last year’s Q1. Provision for credit losses of $140M compared with $125M in the previous quarter and $130M a year ago. Average loans grew to $138.4B from $137.6B in Q4. Average deposits fell to $164.3B from $165.1B in the prior quarter. "M&T continued to produce strong operating results and return capital to its shareholders in the recent quarter while investing in its businesses and expanding its operational capabilities in support of our strategic objectives of operational excellence and teaming for growth to meet the needs of our customers and make a difference in people's lives," said Chief Financial Officer Daryl N. Bible. Conference call at 8:00 AM ET. More on M&T Bank M&T Bank: A Defensive Holding In An Uncertain Market M&T Bank Corporation (MTB) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript M&T Bank Non-GAAP EPS...

一博科技公告，2025年营业收入11.27亿元，同比增长26.98%。净利润2918.87万元，同比下降67.05%。公司董事会决议通过的利润分配预案为：以实施权益分派登记日登记的总股本扣除公司股票回购专用账户中的股份数为基数，向全体股东每10股派发现金红利1元（含税），不送红股，不以资本公积转增股本，剩余未分配利润转入下一年度。

szakalikus/iStock via Getty Images By Bert Colijn , Chief Economist, Netherlands Eurozone production ticked up in February, but by just 0.4% compared to January. That leaves production levels below most of 2025. And the surge in energy prices has put further pressure on energy-intensive industries as of March. Don’t expect a rebound soon. Eurozone industry has been very resilient throughout 2025 despite significant trade turmoil. But the start of 2026 has not been encouraging. As front-loading by American businesses has eased, production levels have dropped again. And while manufacturers have become more optimistic on infrastructure and defence investment promises, the Middle East war has dashed hopes of a broad-based rebound. Energy-intensive industries, in particular, are set to suffer from higher prices. The February increase in production was not at all broad-based. Germany, France and the Netherlands experienced declines in industrial output, while Italy experienced a slight uptick. Ireland – notorious for volatile production data – saw an increase of 5.7% in February. Production categories also haven’t shown a clear trend in recent months. With the war in the Middle East starting in March, expect more downward pressure on production to come through. Energy-intensive industry will see its competitiveness come under renewed pressure, and uncertainty could feed through to investment decisions. While other – mainly high-tech – sectors could continue to perform very well, we do note that downside risks for production have increased. Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more Original Post Editor's Note: The summary bullets for this article...

The growing dominance of a handful of banks supplying billions of dollars to help juice bets at hedge funds and proprietary trading firms is sparking new financial stability risks, ratings agency S&P Global Inc. warned. Its latest analysis shows disclosed revenues relating to “markets financing” at four major investment banks — BNP Paribas SA , Barclays Plc , Goldman Sachs Group Inc. and Morgan Stanley — jumped 25% between 2024 and 2025 to more than $24 billion, representing roughly 30% of these firms’ markets business at that time. Such scale and concentration creates a risk to financial stability, the S&P report warned. Banks’ prime-brokerage units — which includes a range of services to hedge funds and other investment firms — exceeded $2.5 trillion of lending in 2024, a figure that has doubled over the past four years, the report said. Hedge funds’ use of borrowed money to fuel their bets — known as leverage — has approached historic highs while assets overseen by those firms hit a record $5 trillion last year. Regulatory concerns around non-bank investment firms have heightened since the collapse of Archegos Capital Management LP saddled lenders with $10 billion of losses in 2021 and and hastened the demise of Credit Suisse Group. They have also scrutinized whether these funds have become too big to fail given their increasing presence in vital markets such as those for US and UK government bonds. “A small network of global banks has underpinned nonbank trading firms’ ascent to the center of the financial ecosystem,” the report said. “Together with record leverage and scale and the concentration of such exposures in a handful of banks, this means the ecosystem exhibits an inherent fragility that could be tested under severe stress,” it added, citing a potential impact on bank ratings. Data is also limited in this area, given many firms do not disclose such information, S&P said, adding the true scale is difficult to quantify. That said, risk of failures includi...

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DragonImages/iStock via Getty Images It seems to me that the 'golden child' of for-profit ed has surprised Wall St. again, hasn't it? Well, a little over two months ago I kind of entered the debate with the bears of Grand Canyon Education ( LOPE ) and showed you why this wasn't a broken company just because they interrupted a 13-quarter double-beat cycle. Sounds like an exaggeration, I know. But the stock really dropped more than 20% post Q3 FY 2025 earnings, and that quickly became the narrative. Seeking Alpha I don't know about you, but when one of the best students in the class gets a C or D, you don't expect them to keep getting low grades. Same thing the other way around. I was more of a C student, so when I pulled an A, that was basically a once-a-year event. If you want to use an allegory (a very fitting one, since we're talking about universities), if for-profit stocks were in a classroom, GCE would be that student who only gets high grades. To vary things a bit, this time they reported an EPS beat once again. That's 14 consecutive quarters (if we exclude the last in-line quarter from the comparison, of course) exceeding Wall Street EPS estimates. But you know what's funny? The stock barely moved in the post-earnings period! If you ask me, investors are still spooked by the energy-driven stagflation narrative and end up forgetting that this environment can be good for for-profit ed, especially around retraining and job-focused programs. It's no coincidence that before the new 'asset-light' zeitgeist for education, these stocks were countercyclical, since in bad economies people went back to college. Almost all for-profit ed stocks outperformed the S&P during the GFC (Seeking Alpha) Factor also that a lot of enrollments are now B2B; the default risk looks a lot lower. That's the good thing about not depending on 'bad enrollments' like universities did in the past. Phoenix Education Partners ( PXED ) was a great example before Apollo ( APO ) took the reins. Bu...

晶华微公告，预计2026年第一季度实现营业收入4500万元至4700万元，较上年同期增长21.49%至26.89%；预计实现归属于母公司所有者的净利润为-500万元至-400万元，与上年同期相比，亏损将减少513.92万元至613.92万元，同比减亏50.69%至60.55%；预计归属于母公司所有者的扣除非经常性损益的净利润为-782.58万元至-682.58万元，与上年同期相比，亏损将减少505.67万元至605.67万元，同比减亏39.25%至47.01%。

內地提高銀行的境外貸款餘額上限，支持境外企業融資需求。 人民銀行聯同國家外匯管理局發出通知，將境內外商獨資銀行、境內中外合資銀行、外國銀行境內分行的境外貸款槓桿率，由0.5上調至1.5。進出口銀行的境外貸款槓桿率，則由3上調至3.5。至於境外貸款餘額上限，由20億調高至100億元人民幣。 人行和外管局指，部分銀行境外貸款餘額逐步接近上限，調高貸款槓桿率可更好支持外資銀行，進出口銀行發揮業務優勢，滿足境外企業合理融資需求。

格隆汇4月15日｜富国银行将强生目标价从240美元上调至263美元。

美伊两国“原则上同意”延长停火。（美联社）

格隆汇4月15日｜据辽宁发布，辽宁省委副书记、省长王新伟率队，在北京分别与工信部、中国石油化工集团有限公司举行工作会商。工信部党组书记、部长李乐成，中国石化党组书记、董事长侯启军出席。王新伟说，希望工信部、中国石化一如既往关心辽宁振兴发展，围绕国家“十五五”战略导向和支持重点，在国家试点创建、化工老旧装置淘汰退出和更新改造、制造业中试平台及智能工厂建设、石化产业转型、新能源产业发展等方面给予更多支持和帮助，携手为国家发展大局作出更大贡献。我们将进一步加强沟通对接，落细落实此次会商事项，推动部省、央地合作结出更多丰硕成果。

MoMo Productions/DigitalVision via Getty Images The following segment was excerpted from the Artisan Mid Cap Fund Q1 2026 Commentary . The portfolio generated negative absolute returns but modestly outpaced the Russell Midcap® Growth Index. After a strong performance in 2025, value continued to outperform growth by a wide margin in Q1 as markets rotated toward lower volatility and more income-oriented equities. Within the Russell Midcap® Index, companies with dividend yields above 3% rose 5.6%, while those with yields below 1% declined more than 2%. Portfolio Activity During the quarter, we initiated new positions in Semtech, Tradeweb Markets and SiTime. Semtech ( SMTC ) designs semiconductor solutions for high-performance analog and mixed-signal connectivity used in data centers, communications and industrial applications. We initiated a Garden SM position, supported by rising AI-driven bandwidth demand and the need for high-speed connectivity solutions. In addition, a potential divestiture of the lower quality Sierra Wireless business could simplify the story and supports higher earnings estimates and multiple expansion. Tradeweb ( TW ) operates one of the largest global over-the-counter fixed income electronic trading marketplaces. We reinitiated a Garden SM position following a prior exit in mid-2025, with the stock now trading at a more attractive valuation and the recent pause in market share gains appearing temporary. Continued share gains in interest rate swaps, strong international growth and a long runway toward the electronification of fixed income markets support a path to sustained growth and margin expansion. We view the business as a durable compounder with limited disruption risk. SiTime ( SITM ) develops silicon-based timing solutions used across communications, data center and industrial applications. We initiated a Garden SM position as we believe the company is well placed to take advantage of the transition from legacy quartz timing solutions to...

AI聊天机器人需要通过充分的患者信息，才能对疾病作出更为精准的诊断，患者无法提供完整的健康检测信息时，AI提供的结果并不可靠。 在AI大模型快速发展的今天，很多人在生病或出现症状时的第一反应已经不再是去医院挂急诊，而是求助于ChatGPT或者DeepSeek这类AI聊天机器人。 尽管这些通用聊天机器人在日常生活的很多方面都能成为人类的好助手，但在医学方面，它们还不足以好到能提供精确诊断的程度。 近日，美国哈佛医学院的一个研究团队评估了20几种最先进的AI大型语言模型（LLM）的诊断能力，其中包括ChatGPT、DeepSeek、Gemini和Claude。结果显示，基于患者的初步症状和体征进行“鉴别诊断”（识别可能的疾病）的错误率高达80%。 这项研究进一步显示，在患者提供更多检测结果后，大模型可以将“最终诊断”的失败率降至40%左右。研究人员表示，这意味着AI聊天机器人需要通过充分的患者信息，才能对疾病作出更为精准的诊断，患者无法提供完整的健康检测信息时，AI提供的结果并不可靠。 研究人员还强调：“人工智能尚未达到无需医疗专业人员干预即可为患者做出诊断决策的水平。” 这一研究结果也凸显了人工智能在医疗领域应用时面临的安全挑战。聊天机器人等AI工具若不经过专业人士的严格把关，不仅会误导患者，医学从业者在使用AI作为检索资料的过程中也可能被误导。 上周《自然》杂志就刊登了一篇文章，称出现在网上的两篇假论文中的一种不存在的皮肤疾病，被同行评议的文献引用，并且开始出现在Gemini等最常用的大型语言模型聊天机器人的输出中。这些聊天机器人“一本正经”地将一些患者诊断为这种不存在的疾病，并建议人们去看相关的专科医生。 Gemini是谷歌的一款聊天机器人。一位谷歌发言人表示，此类结果反映了早期大模型发展的局限性。“我们始终对生成式AI的局限性保持透明，并提醒用户仔细核对信息。对于诸如医疗建议这类敏感事项，Gemini建议用户咨询具有资质的专业人士。” 中国科学院院士、复旦大学附属中山医院心内科主任葛均波教授近期多次谈及AI大模型在医疗应用中面临的挑战，其中两个关键问题是患者隐私如何保护，以及AI在医疗过程中一旦出现问题，责任由谁来承担？他表示，目前正在开展的工作包括如何明确AI技术辅助诊疗的边界，强化医生对AI结果的判断能力和责任意识，确保医疗安全。 尽管AI大模型仍在不断完善...

Apple (AAPL) stock is down about 5% year-to-date due to concerns about higher input costs, tariffs, and the impact of macro uncertainty on consumer spending. Nonetheless, ahead of Apple’s Q2 FY26 earnings, AAPL bulls are optimistic about the stock, citing several positives, including a loyal iPhone customer base and innovative offerings like the new MacBook Neo. On Tuesday, top Bank of America analyst Wamsi Mohan reiterated a Buy rating on AAPL stock and raised his price target to $325 from $320

Top BofA Analyst Raises Apple Stock (AAPL) Price Target Ahead of Q2 Earnings Yahoo Finance