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Exclusive Eurazeo hires banks for 2 2 billion sale of payments firm Planet sources
By Pamela Barbaglia and Arno Schuetze LONDON FRANKFURT Reuters European buyout fund Eurazeo PA EURA has hired Citigroup N C and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros 2 22 billion three sources told Reuters Eurazeo w...
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M A strong though Chinese buyers lacking Citigroup s Kalvaria
By Aaron Saldanha and Divya Chowdhury Reuters Geopolitical uncertainties are not deterring Citigroup Inc NYSE C clients from strategic deals and some unicorns offer great potential but outbound Chinese buyers are lacking Leon Kalvaria chairman of the lender s institutional clients group said Kalvaria als...
JPM
Opening Bell Stocks Hit By Italy China Risk Euro Crude Slip
Italy s budget standoff with European Commission adds to broader rotation into risk off China s central bank intervention hits Asian shares yuan Potential US waivers on Iranian sanctions weighs on WTI Key Events European equities along with futures on the S P 500 Dow and NASDAQ 100 followed Asian shares lowe...
JPM
Opening Bell U S Treasurys Futures Sell Off On Trade Risk USD Pops
Global stocks take a hit from heated US China dispute over currency devaluation persistent EU headaches IMF cuts global growth outlook for the first time since early 2016 WTI bulls eye 77 peak Key Events Global stocks were mixed on Tuesday with European shares crawling higher at the open then slipping into re...
JPM
Opening Bell U S Yields Rise Boosting Dollar Pressuring Equities
Pick up in Treasury selloff coupled with dwindling equity gains flags up bearish paradigm Morgan Stanley warns of shift into value sectors upcoming correction US investors rotate into Asian stocks attractive valuations Soaring US yields favor the dollar as the preferred safe haven currency Key Events While yie...
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Long only Japanese investors scoop up Japan shares
By Ayai Tomisawa TOKYO Reuters Japanese retail investors bought about 1 trillion yen 9 37 billion of domestic stocks over the past six weeks as they saw bargain hunting opportunities after the recent sharp slide helping to put a rough floor under the market Buying by Japanese retail investors using cash and n...
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German utilities overhaul supports European stocks
By Danilo Masoni MILAN Reuters European shares hit their highest level in almost two weeks on Monday boosted by gains among German utilities after the sector s leading players announced a major overhaul of the industry Innogy soared 12 percent after parent RWE and rival E ON said they would break up Germany s la...
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Dollar tops 107 yen as politics pressures Japan
By Saikat Chatterjee LONDON Reuters The dollar jumped against the yen on Tuesday nearing a two week high as the Japanese currency was pressured by a political scandal engulfing Prime Minister Shinzo Abe s govermment The yen weakened by 0 3 to 0 5 percent against other major currencies after Japan s ministry of fi...
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World stocks inch higher as investors await U S inflation data
By Ritvik Carvalho LONDON Reuters World shares inched higher on Tuesday eking out limited gains as investors kept a wary eye on a U S inflation reading later in the day that could offer clues on the pace of Federal Reserve interest rate hikes this year The MSCI All Country World index of stocks which tracks sha...
JPM
Trump to Meet China s Liu in a Sign Trade Talks Are Reaching Final Stages
Bloomberg U S President Donald Trump will meet Chinese Vice Premier Liu He at the White House on Thursday as negotiations over a trade deal between the world s biggest economies enter what could be the final stages Talks are continuing in Washington where Liu held meetings with U S Trade Representative Robert ...
JPM
Dimon Sees Recent Volatility as Harbinger of Things to Come
Bloomberg Jamie Dimon warned investors to get ready for more wild rides like the one that upended markets at the end of last year The fourth quarter of 2018 might be a harbinger of things to come the chief executive officer of JPMorgan Chase Co NYSE JPM said Thursday in his 51 page annual letter to shareh...
JPM
Trump s tax cuts added 3 7 billion to JPMorgan s profits
JPMorgan NYSE JPM CEO Jamie Dimon praised President Donald Trump s tax cuts in an annual investor letter The law gave a boost to earnings to the tune of 3 7 billion And the bank posted record earnings even without the impact of tax reform JPMorgan also said it bought back 55 billion in stock in 2018 JPMorgan...
JPM
JPMorgan s Dimon urges infrastructure mortgage reform to spur U S growth
By Elizabeth Dilts Reuters JPMorgan Chase Co NYSE JPM chief executive Jamie Dimon on Thursday called for reforms to U S public policy on education infrastructure and mortgages to repair what he called the fraying American dream Governments must be better and more effective we cannot succeed without thei...
JPM
Knowles hires JPMorgan for activist defense source
By Shariq Khan and Shivani Singh Reuters Audio components maker Knowles Corp has hired JPMorgan NYSE JPM investment bankers to advise it on its defense against demands by shareholders Caligan Partners LP and Falcon Edge Capital LP to seek a review of its Precision Devices unit according to a source familiar with...
JPM
Deutsche Commerzbank favor merger over holding company structure sources
By Arno Schuetze FRANKFURT Reuters Deutsche Bank DE DBKGn and Commerzbank DE CBKG favor a straightforward merger over more complex ways to structure a deal three people close to the matter said In their base case scenario a transaction would be organized as a share offer from Deutsche Bank for Commerzbank ...
JPM
Dean Sinks the Most Among Food Bonds
Bloomberg Investors are betting there s no easy fix for Dean Foods Co with the top U S dairy company s bonds sinking deeper into distressed territory amid a long term decline in American milk demand The bonds have handed investors a 21 percent loss since late February when the Dallas based company reported a w...
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Athene s IPO Hit Markets Friday Priced As Expected With Promising Return
If you ve been keeping an eye on the retirement company and fixed annuity service provider Athene Holding Ltd NYSE ATH you ll presumably know that its initial public offering went quite well A total of 27 million class A shares from the retirement services company raised 1 1 billion in a year marked by slow and un...
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Exclusive Temasek Trustbridge target majority stake in WeWork China at 1 billion valuation sources
By Yingzhi Yang and Julie Zhu BEIJING HONG KONG Reuters Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co working startup to take majority ownership three people familiar with the matter told Reuters The plan values WeWo...
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U N s decarbonisation target for shipping to cost over 1 trillion study
By Jonathan Saul LONDON Reuters At least 1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U N targets for cuts in carbon emissions by 2050 a study published on Monday showed The global shipping fleet which accounts for 2 2 of the world s CO2 emissions is under...
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Citibank to pay 18 million penalty for failing to insure flood prone properties
WASHINGTON Reuters A U S banking regulator fined Citibank N A N C 18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood prone areas The Office of the Comptroller of the Currency said Tuesday that insufficient policies meant the bank took too long to...
JPM
Despite Selloff Bank Stocks Hold Their Own
Many of the large U S bank stocks are holding up despite Wednesday s early morning sell off Financial giant JPMorgan Chase NYSE JPM traded lower by just 0 05 cents on Wednesday and has been consolidating on its daily and weekly charts Remember that when a stock consolidates or forms a sideways base it s looking t...
JPM
10 Year Note Yields Rise To Multiyear Highs
Index Futures Net Changes and Settlements Foreign Markets Fair Value and Volume In Asia 8 out of 11 markets closed lower Shanghai Comp 1 06 Hang Seng 1 73 Nikkei 0 56 In Europe 12 out of 13 markets are trading lower CAC 0 89 DAX 0 16 FTSE 0 87 Fair Value S P 4 46 NASDAQ 25 99 Dow 15 23 Tota...
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Uber shakes up loan market
Looking to raise 1 25B in the leveraged loan market Uber is eschewing banking advisors and instead making direct approaches to investors Industry vets can t remember the last time an issuer sought to raise that large of an amount on its own Uber last went to the leveraged loan market in 2016 raising 1 15B but re...
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Corporate Tax Cut Riches Going to Shareholders Not Workers
Investing com The bulk of Corporate America s savings from the Trump tax cut package is going to shareholders not workers S P 500 companies have allocated about 5 6 billion to bonuses and wage increases since the tax cuts became law Meanwhile 183 billion has been spent on share buybacks The White House says 3 5...
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Morgan Stanley initiates Oclaro shares 2 1
Morgan Stanley NYSE MS initiates Oclaro NASDAQ OCLR at Equal Weight with an 8 price target a 0 25 upside to yesterday s close Analyst Meta Marshall says the company needs to grow its share to match valuation especially as past drivers subside Oclaro shares are down 2 1 premark...
JPM
Retailers and Builders Likely to Benefit Most From Australia Budget
Bloomberg Australia s pre election budget is unlikely to have an immediate impact on equities although retailers may benefit from planned tax refunds and infrastructure focused companies might find support from a long term spending program With an election scheduled for next month Australia s budget has forecas...
JPM
Brexit May Bring New Threat for Germany s Beleaguered Banks
Bloomberg Germany s beleaguered investment bankers could face even more competition when rivals move staff to the country after Brexit While relocations from the U K will initially have little effect that may change if banks then use their newly established presence in Germany to expand in the local market for ...
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How Is Morgan Stanley Institutional Mid Cap Growth A Fund MACGX Performing
Morgan Stanley NYSE MS Institutional Mid Cap Growth A a Zacks Rank 2 Buy eeks long term capital appreciation by investing primarily in growth oriented equity securities of U S mid capital companies and to a limited extent foreign companies Under normal circumstances at least 80 of the fund s assets are i...
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Royal Bank Of Scotland To Pay 1B Over Right Issue Charges
The state owned British bank The Royal Bank of Scotland Group LON RBS plc TO RBS has agreed to pay a fine of 800 million pounds 1 billion in an out of court settlement to majority of the claimants This is being done to settle charges that it misled shareholders ahead of a 12 billion pound rescue fundraising...
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Citigroup female employees earn 27 less than men
By C Nivedita and Imani Moise Reuters Citigroup s N C female employees earn 27 less than male employees on average when factors like title and location are not taken into account the Wall Street bank said on Wednesday That was a slight improvement of two percentage points from last year according to an inter...
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Citigroup Inc Deposit Shs Repr 1 1000th 6 3 Non Cum Pfd Shs Series S declares 0 39375 dividend
Citigroup Inc Deposit Shs Repr 1 1000th 6 3 Non Cum Pfd Shs Series S NYSE C PS declares 0 39375 share quarterly dividend in line with previous Forward yield 5 92 Payable Feb 12 for shareholders of record Jan 31 ex div Jan 30 See C PS Dividend Scorecard Yield Chart Dividend Growth
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Kyle Bass s Doomsday Call on Hong Kong Isn t Convincing Markets
Bloomberg Kyle Bass is convinced Hong Kong is headed for a financial crisis and he s warning investors every chance he gets Few seem to be listening The Dallas based hedge fund manager who made a fortune betting against subprime mortgages more than a decade ago issued his latest dire Hong Kong forecast on Wed...
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Russians used social media to disrupt U S energy industry report says
The same Russian backed propaganda groups accused of meddling in the 2016 U S presidential election used social media to try to disrupt U S energy policy including inciting protests against pipeline projects according to a new congressional report The House Science Committee report says it found evidence that Russ...
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BOJ chief flags prospect of exit from easy policy if inflation goals met
By Leika Kihara and Tetsushi Kajimoto TOKYO Reuters Japan s central bank chief said on Friday it would consider ending ultra loose monetary policy if inflation hits its target during the year ending in March 2020 in his first comments acknowledging the possibility of a stimulus exit The remarks sent the dollar lo...
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Markets May Need to Buckle Up for Trade Tensions Over Long Haul
Bloomberg The angst about rising trade tensions that s hit equity markets may presage a prolonged conflict considering that when it comes to China the Trump administration may have greater ambitions than just a more advantageous commercial arrangement While Chinese officials have pressed for a list of specific ...
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Japan central bank chief tempers talk of easy policy exit
By Leika Kihara and Tetsushi Kajimoto TOKYO Reuters Japan s central bank chief said on Tuesday a future exit from ultra easy monetary policy would need to be very gradual in comments analysts described as a bid to temper expectations about a near term end to crisis mode stimulus Bank of Japan Governor Haruhiko ...
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Morgan Stanley breaks down which markets provide the clearest hints of a downturn
Strategists at have put together a guide on which assets are most consistent with the final stages of a bull market Our current environment of rising inflation strong data tighter policy flatter yield curves and more volatility is consistent with a late cycle market they said The agreed definition of a bear m...
JPM
Outsider CEO won t be a quick fix for Wells Fargo analysts
By Imani Moise Reuters Wells Fargo NYSE WFC Co s plan to bring in an outsider as its next chief executive could give the scandal plagued bank a much needed fresh start but a turnaround will not be easy for whoever takes the helm analysts said The fourth largest U S bank by assets said on Thursday that CEO...
JPM
Lira Drops as Erdogan Suffers Blow in Turkey s Municipal Ballot
Bloomberg The lira tumbled as Turkey s main opposition moved ahead of President Recep Tayyip Erdogan s ruling AK Party in a closely fought contest for the nation s largest metropolis after local elections loosened his grip on the nation s key cities The currency dropped more than 2 percent against the dollar and ...
JPM
JPMorgan Rises 3
Investing com JPMorgan NYSE JPM rose by 3 01 to trade at 104 31 by 13 51 17 51 GMT on Monday on the NYSE exchange The volume of JPMorgan shares traded since the start of the session was 10 02M JPMorgan has traded in a range of 102 12 to 104 28 on the day The stock has traded at 104 3200 at its highest and...
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U S Silica Declares Exercise Of Option To Buy 1 35M Shares
U S Silica Holdings Inc NYSE SLCA has declared the full exercise of the underwriters option to buy 1 35 million additional shares of its common stock The option was granted by U S Silica to the underwriters in connection with the earlier completed public offering of 9 million shares of common stock Morgan St...
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5 Oil Stocks To Buy On Possible OPEC Deal
The market is perhaps habituated to persistently weak oil prices following an oversupplied commodity market But instead of taking steps to lower output all major producers went on swelling up their inventory pushing crude to multiyear lows In a move to restore oil the Organization of the Petroleum Exporting Count...
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Oil price slumps over doubts on OPEC deal
The oil price is down over 3 percent today as OPEC s members struggled to agree on a deal to cut production in order to boost the price Iran and Iraq appear to be the main culprits in cutting a deal and seem to be at opposite sides of the table with Saudi Arabia before tomorrow s meeting in Austria Iran and Iraq are...
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Investment Banking Boosts Citigroup
Citigroup Inc NYSE C released its fourth quarter financial results before the markets opened on Tuesday The bank said that it had 1 87 in earnings per share EPS and 18 6 billion in revenue which compares with consensus estimates of 1 84 in EPS and revenue of 17 89 billion In the same period of last year t...
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Citigroup Inc C Q4 2019 Earnings Call Transcript
Citigroup Inc NYSE C Q4 2019 Earnings CallJan 14 2020 11 30 a m ETContents Prepared Remarks Questions and Answers Call Participants Prepared Remarks OperatorHello and welcome to Citi s Fourth Quarter 2019 Earnings Review Today we are joined by Citi s Chief Executive Officer Mike Corbat the Chief Financial O...
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PG E 5 pre market after Citigroup calls agreement big step forward
PG E NYSE PCG is indicated to open at its highest levels in five months as Citi analyst Praful Mehta upgrades shares to Buy from Neutral with a 15 price target up from 11 saying the company s potential agreement with bondholders is a big step forward Bloomberg reported yesterday that PG E is near a deal with...
JPM
Early Signs Small Caps Undergoing Subtle Change In Momentum
There are some early signs markets are undergoing a subtle change particularly as relates to the dynamics between small and large caps Right after Donald Trump was elected US president on November 8 2016 small caps became one of the go to sectors for risk on money This continued this year Late January small ca...
JPM
Global Stocks Rise As Earning Expectations Beat World Economic Fears
The markets opened on a high today on Monday and global market stocks reported a rise as the earning expectations beat the world economic fears especially those associated with China European shares were higher after Asian markets dropped Moreover the corporate earnings outlook was better and crude prices dropp...
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Morgan Stanley revises earnings boosts compensation after U S tax change
By Catherine Ngai NEW YORK Reuters The new U S tax law has taken a bigger bite out of Morgan Stanley s 2017 earnings than it initially expected and led its board to boost top executives deferred compensation from prior years the Wall Street bank said on Tuesday After further analysis of the law s particulars ...
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Japan stocks to claw back to near 26 year high strong yen bites Reuters poll
By Ayai Tomisawa TOKYO Reuters Japanese stocks are expected to claw their way back close to a 26 year high by end December up over 5 percent in 2018 but could be held back by likely prospects of a stronger yen a Reuters poll of market strategists and fund managers found on Wednesday Respondents in the latest Re...
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Currency speculators play deaf as analysts yell year of the yen
By Swati Pandey SYDNEY Reuters BNP Paribas PA BNPP calls it the year of the yen Morgan Stanley NYSE MS proclaims it s the land of the rising yen While Citi has turned into a dollar bear with its latest report we continue to holler sell the dollar Though most speculators have still to heed them ...
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Dodgy data casts cloud over Japan PM s labor reform push
By Tetsushi Kajimoto and Linda Sieg TOKYO Reuters Japanese Prime Minister Shinzo Abe s plan to revise labor laws a key part of his economic reforms to boost growth is facing political headwinds after the government admitted using flawed data to back up its proposals Abe has pledged to pass in the current session...
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Facebook s Sandberg uses investor meeting to urge gender equality
By David Ingram SAN FRANCISCO Reuters Facebook Inc NASDAQ FB Chief Operating Officer Sheryl Sandberg brought her message about workplace gender equality to a typically male domain on Wednesday urging attendees at an investor conference to improve mentoring of junior female colleagues Sandberg the No 2 execu...
JPM
Global Investors May Spur Change in China s 13 Trillion Debt Market
Bloomberg China s central bank chief was perhaps surprisingly open last weekend about the limits to support in his nation for financial liberalization He s about to get a potentially powerful new ally The near 13 trillion Chinese domestic bond market on course to overtake Japan as the world s No 2 will see s...
JPM
Day Ahead Top 3 Things to Watch
Investing com Here s a preview of the top 3 things that could rock markets tomorrow 1 Lyft to Start Trading After Raising 2 34 Billion Ride sharing company LYFT NASDAQ LYFT will start trading tomorrow on the Nasdaq after raising 2 34 billion with its initial public offering Lyft priced an increased 32 5 mill...
JPM
As IPO flood recedes Asia bankers bet on follow on capital raising
By Julia Fioretti HONG KONG Reuters Bankers in Asia are betting on newly listed companies returning to the markets for fresh capital as last year s flood of initial public offerings IPOs slows to a trickle with 2019 seeing the weakest start in equity sales in three years Equity sales in the region including I...
JPM
Commodity prices investment poised to extend upswing
By Eric Onstad LONDON Reuters A rebound in commodities prices and investment is poised to extend in coming months as the sector gets its traditional boost during the final stages of the global economic cycle along with other drivers While some investors worry about a possible recession commodities are due to ben...
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Trump Election Sparks Record ETF Inflows
Donald Trump should get into the ETF business According to research from Morgan Stanley NYSE MS in the past week long term mutual funds posted accelerating outflows after Trump s election but ETF s recorded the strongest inflows since July Morgan s figures come from data provider EPFR Global According to the flow...
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Morgan Stanley Stock Has Soared Since Earnings Can The Trend Continue
It has been about a month since the last earnings report for Morgan Stanley NYSE MS Shares have added about 19 01 in the past month easily cruising past broad market performances in that time frame Will the recent positive trend continue leading up to their next earnings release or is the stock due for a pullbac...
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Citigroup Earnings Revenue Beat in Q4
Investing com Citigroup NYSE C reported fourth quarter earnings that beat analysts expectations on Tuesday and revenue that topped forecasts The firm reported earnings per share of 1 9 on revenue of 18 38B Analysts polled by Investing com anticipated EPS of 1 82 on revenue of 17 89B That compared to EP...
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Citigroup Q4 reflects gains in consumer investment banking units
Citigroup NYSE C Q4 EPS of 2 15 improves from 2 07 in Q3 and 1 61 in Q4 2018 Beats consensus estimate of 1 83 Citi rises 1 0 in premarket trading CEO Michael Corbat notes continued strong growth in branded Cards and momentum in attracting digital deposits in the U S consumer business while Investment Bankin...
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Citigroup Q4 reveals number of positive trends
Wolfe Research analyst Steven Chubak sees a good number of positive trends in Citigroup s C 2 2 Q4 helping to boost its shares Those trends include revenue growth across Global Consumer Banking full year ROTCE of greater than 12 and better efficiency Chubak notes that Citi shares have been underperforming it...
JPM
Week Ahead U S Stocks Eye New Records As Earnings Take Center Stage
US major indices close higher on the week S P 500 now 2 4 percent from record Russell 2000 under pressure demonstrating trade war could be of receding interest Investors rotate into mega caps Oil back above 70 Dollar under pressure Markets appear to be pricing in another quarter of double digit economic growth afte...
JPM
Will Risk Appetite Resume In The Week Ahead
The S P 500 rose 1 5 last week for the second week in a row reflecting the return of risk appetite and putting the trade war noise in the back seat The index is currently up 4 8 year to date and trading above the key level of 2 800 Whether the rally in equities will be sustained this week will likely depend on mul...
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Lithium prices 45 by 2021 Morgan Stanley says in cutting Albemarle SQM
Albemarle NYSE ALB 3 7 premarket as Morgan Stanley NYSE MS downgrades shares to Underweight from Equal Weight with an 85 price target cut from 100 forecasting lithium prices to plunge 45 by 2021 Stanley says new lithium projects and planned expansions by the largest producers in Chile threaten to add ...
MS
Banks increase CLO forecasts after Dodd Frank court ruling
By Kristen Haunss NEW YORK LPC Banks are expecting increased US Collateralized Loan Obligation CLO fund issuance after a US court ruled that the funds will shortly be exempt from regulations that require managers to hold some of their deal Morgan Stanley NYSE MS increased its 2018 US CLO forecast by US 10bn...
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Soft new home sales number buoys bond market
This just in Bonds are higher for a third straight session Helping sentiment today was a stinker of a new home sales number for January with the seasonally adjusted annualized rate of 593K down 7 8 from December and well shy of hopes for 648K It s also 1 weaker than the rate in January a year ago This report s n...
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Gogo aims for positive FCF in 2019
Gogo NASDAQ GOGO says it s on target to reach positive FCF in 2019 and FY20 The comment comes in an investor presentation via a regulatory filing Previously Gogo 7 4 after Q4 revenue beat in line guidance Feb 22 Previously Gogo continues to slide after earnings Morgan Stanley NYSE MS comm...
JPM
ECB Looks to Ease Banks Pain in Era of Sub Zero Interest Rates
Bloomberg The European Central Bank looks increasingly set to throw a fresh lifeline to the euro area s cash strapped banks a tacit acknowledgment about the side effects of their aggressive stimulus measures President Mario Draghi s hint that the institution may soften the impact suggests officials are now liste...
JPM
Lira Resumes Retreat Even as Turkish Swap Rates Surpass 1 000
Bloomberg The Turkish lira resumed declines on Thursday even as the nation orchestrated a currency crunch to stem the currency s losses days before an election that will test support for President Recep Tayyip Erdogan s rule Investors dumped bonds and stocks on Wednesday and the cost of borrowing liras overnight ...
JPM
Top 5 Things to Know in The Market on Thursday
Investing com Here are the top five things you need to know in financial markets on Thursday March 28 1 U S Q4 GDP Final Estimate Following a batch of underwhelming economic reports the final reading of fourth quarter U S growth will be the main event for financial markets as investors watch for further sign...
JPM
AllianceBernstein Looks to Japan EM as U S Equities too Rich
Bloomberg U S equity valuations have become too stretched after the recent rally and that is opening up opportunities in other stock markets according to AllianceBernstein LP Equities have had a hell of a run and valuations are fairly rich in the U S for sure but there are a lot of places Japan being an e...
JPM
JPMorgan is reportedly slashing hundreds of jobs in asset management
JPMorgan NYSE JPM is set to cut hundreds jobs as part of a periodic review of its asset management business to Bloomberg Employees in support roles and some wealth management staff will be among those being let go It is normal course of business for us to review our staffing annually to ensure appropriate leve...
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Wha Next For Crude Oil Higher Prices Or Crash
If the doors of perception were cleansed everything would appear to man as it is infinite For man has closed himself up till he sees all things thru chinks of his cavern William Blake 2106 started with all the Drs of Gloom stating that oil was heading lower and many even predicted that it would trade down to 10 ...
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Morgan Stanley MS Shares March Higher Can It Continue
As of late it has definitely been a great time to be an investor in Morgan Stanley NYSE MS The stock has moved higher by 14 5 in the past month while it is also above its 20 Day SMA too This combination of strong price performance and favorable technical could suggest that the stock may be on the right path ...
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Citigroup Q4 2019 Earnings Preview
Citigroup NYSE C is scheduled to announce Q4 earnings results on Tuesday January 14th before market open The consensus EPS Estimate is 1 83 13 7 Y Y and the consensus Revenue Estimate is 17 95B 4 8 Y Y Over the last 2 years C has beaten EPS estimates 100 of the time and has beaten revenue estimates 63...
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Citigroup EPS beats by 0 07 beats on revenue
Citigroup NYSE C Q4 Non GAAP EPS of 1 90 beats by 0 07 GAAP EPS of 2 15 beats by 0 32 Revenue of 18 38B 7 4 Y Y beats by 430M Shares 1 4 PM Press Release
JPM
Opening Bell Metals Sink Global Shares Drop On New U S Tariff Threats
European shares fall a full percent Asian benchmarks slip but pare earlier losses suggesting traders remain hopeful Metals plunge Today s volatility in contrast to yesterday s bullish US session Key Events Global stocks Treasury yields and industrial metals took a hit this morning after US President Donald Tr...
JPM
JP Morgan Sending Up Bearish Signal Before Earnings
Big bank earnings will roll in on Friday with JPMorgan Chase Co NYSE JPM among the companies slated to report While JPM stock is on pace for its best week in two months and on Monday enjoyed its biggest one day percentage gain of 2018 the shares are now sending up a historical short term sell signal on the ch...
JPM
Tax Reform Leaves JP Morgan With Extra 4B
Financials Diversified Financial Services July 13th BMO JPMorgan Chase Co JPMorgan Chase Co NYSE JPM is set to release its FQ2 18 earnings Friday before the market opens Estimize consensus projects an EPS of 2 28 a 31 YoY growth while Wall Street predicts an EPS of 2 24 Estimize is more accurate than...
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European share rebound loses steam steel stocks gain on US move
By Danilo Masoni MILAN Reuters European shares dipped in choppy trade on Monday as a poor update from Reckitt Benckiser L RB hit consumer staples outweighing gains among financials and strength in steel makers after the U S outlined proposals for hefty import curbs Shares in Tenaris MI TENR Outokumpu ...
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Corbyn warns bankers finance will serve Britain under Labour government
LONDON Reuters Britain s financial sector will be the servant of industry not the masters of us all if the opposition Labour Party gets into power its leader Jeremy Corbyn will say on Tuesday accusing bankers of taking the economy hostage Corbyn a socialist who has won over many voters with his promises to re...
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Singapore Property Stocks Fall on Higher Home Purchase Tax
Bloomberg Singapore property stocks declined after the government raised taxes on home purchases of more than S 1 million 761 600 just as the housing market starts to recover from a four year slump UOL Group Ltd and City Developments Ltd fell more than 2 percent in early trading making them the biggest dec...
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Morgan Stanley Says Stock Slide Was Appetizer for Real Deal
Bloomberg The U S stock market only had a taste of the potential damage from higher bond yields earlier this year with the biggest test yet to come according to Morgan Stanley NYSE MS Appetizer not the main course is how the bank s strategists led by London based Andrew Sheets described the correction ...
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Post earnings slide for Dine Brands Global
Dine Brands Global NYSE DIN reports domestic system wide comparable same restaurant sales increased 1 3 at Applebee s in Q4 and fell 0 4 at IHOP Average weekly sales at domestic units were 3 3 up to 44 2K at Applebee s and fell 1 4 to 36 3K at IHOP Restaurant count Applebee s 84 Y Y to 1 936 IHOP 55 to 1 7...
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JPMorgan Says Earnings Trump Bond Yields for European Equities
Bloomberg Healthy corporate earnings can help shield European stock valuations from the negative impact of rising bond yields according to JPMorgan Chase Co NYSE JPM With more than half of Stoxx Europe 600 Index companies having reported fourth quarter earnings 54 percent have beaten estimates according to...
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Hedge funds just made a big mistake on tech stocks
Hedge funds and other large speculators made a poorly timed decision to go net short tech stocks for the first time in 21 months The tech heavy Nasdaq 100 index surged 5 6 during the week in question Everyone reacted to the s recent correction in their own special way Some investors rushed to protect their holding...
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Japan s Equity Faithful Want Foreigners to Revive Market Rally
Bloomberg Japanese retail investors bought domestic stocks for a fourth consecutive week stoking hope that foreign buyers will join them in helping the market make a full recovery from a rout that started last month Individual investors last week added to their record net purchases of the nation s stocks yet fo...
JPM
European shares pare losses following upbeat German data
By Medha Singh Reuters European shares fell on Monday on concerns over sluggish global growth but an unexpected rise in German business sentiment eased fears of a recession in the bloc s largest economy The pan European STOXX 600 index pared early losses to dip 0 12 percent while Frankfurt s DAX Milan s Madrid ...
JPM
JPMorgan asks 300 staff to move if no Brexit deal source
LONDON Reuters JPMorgan NYSE JPM is asking around 300 staff in its London office to sign new contracts that will require them to move to one of the bank s other hubs in the European Union if there is a no deal Brexit according to a person familiar with the matter This is part of JPMorgan s plans to shift hundr...
JPM
Bankers to Kurds Under Fire as Erdogan Feels Election Heat
Bloomberg From international bankers to Kurdish politicians Turkish President Recep Tayyip Erdogan s finding plenty of enemies as economic troubles bedevil his campaign for local elections seen as a referendum on his rule Faced with Friday s biggest slump in the lira since last summer and opinion polls indicati...
JPM
Hot Emerging Markets May Be in for a Shock
Bloomberg Opinion The U S Federal Reserve s pivot to easier monetary policy has had a positive impact on emerging markets Both the MSCI EM Index of equities and the Bloomberg Barclays LON BARC Emerging Markets Local Currency Government Debt Index are poised for their best quarters since the start of 2017 Al...
JPM
Investors Scramble for Liras as Turkish Swap Rates Touch 1 000
Bloomberg Want the lowdown on European markets In your inbox before the open every day Sign up here Investors dumped Turkish bonds and stocks on Wednesday after the nation orchestrated a currency crunch to prevent the lira from sliding days before an election that will test support for President Recep Tayyip E...
JPM
Wells Fargo s corporate bank struggles to regain footing
By Imani Moise NEW YORK Reuters Wells Fargo NYSE WFC Co s corporate bank has a revenue problem As its consumer bank begins to see signs of recovery from a sales practices scandal that erupted more than two years ago the San Francisco based lender has struggled to expand its customer base in the unit caterin...
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Kinder Morgan Rating Increased To Outperform At Credit Suisse
Kinder Morgan Inc NYSE KMI was upgraded by stock analysts at Credit Suisse SIX CSGN Group AG to an outperform rating in a research note issued on Thursday reports Other research analysts have also issued research reports about the stock Morgan Stanley NYSE MS raised shares of Kinder Morgan from an equal w...
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All Eyes On ECB
Asian markets firmed with strong US corporate earnings and rising oil prices supporting risk taking In addition the third and final US presidential debate ended lowering political uncertainty risk Perhaps the one lingering issue concerning this debate was Republican Donald Trump s suggestion that he would reject the...
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4 Ways To Trade Morgan Stanley
Morgan Stanley NYSE MS completed a move lower with its second deep draw down in February That was followed by a slow trending channel higher through June It dropped again following the Brexit vote at the end of June below the channel to a lower low But the uptrend was not over In fact from that lower low it has ...
JPM
Bank Leadership JP Morgan Could Be Slipping Below Support
The chart above looks at JP Morgan NYSE JPM over the past 16 years JP Morgan has been done very well since the 2009 lows as its gains have surpassed the S P 500 and Banks overall by a large percent See Chart below We applied Fibonacci to the 2007 highs and 2009 lows for JPM It hit the 261 extension level at 1...
JPM
Expected S P 500 Q2 18 Sector Revenue Growth
Here is what the Street is expecting by sector for Q2 18 revenue growth Energy 19 9 vs 17 8 as of April 15 2018 Basic Materials 13 2 11 3 as of April 15 2018 Technology 12 4 vs 10 9 as of April 15 2018 Real Estate 10 4 vs 6 5 as of April 15 2018 Consumer Discretionary 8 1 vs 7 4...
JPM
Opening Bell USD Rebounds Earnings Outlook Fuels Global Stock Rally
Investors switch to risk on trading rotating out of bonds into stocks Rebound in European Asian shares looses steam through trading session US futures point to more upward momentum Stock rally helps trigger technical signals on SPX Dow Jones Pound recovers from government turmoil after Johnson Davis resign over...