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C | French bankers weighing Brexit face Paris pressure to come home | By Abhinav Ramnarayan Anjuli Davies and Maya Nikolaeva LONDON PARIS Reuters While most London based bankers are brushing up on their German to prepare for a move to Frankfurt post Brexit senior staff at French investment banks expect to say Oui to government pressure to bring jobs home to Paris Most internatio... |
C | Citigroup C Is A Top Dividend Stock Right Now Should You Buy | Getting big returns from financial portfolios whether through stocks bonds ETFs other securities or a combination of all is an investor s dream But when you re an income investor your primary focus is generating consistent cash flow from each of your liquid investments
Cash flow can come from bond interest in... |
C | Technically Speaking A Different Way To Look At Market Cycles | A Different Way To Look At Market Cycles
In this past weekend s newsletter we noted the issues of similarities between the current market environment and previous market peaks in the past To wit
It isn t just the economy that is reminiscent of the 2007 landscape As noted above the markets also reflect the same ... |
JPM | Homebuilders Banks Under Pressure | Asian traders bought US dollar against the majors and yen against the US dollar The USD JPY continued seeing resistance pre 103 mark in Tokyo The month and quarter end inflows kept the yen in demand nevertheless the pair is gaining potential for a surge towards the 105 mark on softer Federal Reserve Fed expectati... |
JPM | BancorpSouth Agrees To Settle Suit On Unfair Lending Actions | On Wednesday BancorpSouth Inc NYSE BXS agreed to settle the lawsuit for 10 6 million under which the bank was being sued for encouraging discriminatory mortgage lending practices The settlement agreement was entered with the U S Department of Justice DOJ and the Consumer Financial Protection Bureau CFPB... |
JPM | JPMorgan JPM Goes Against The Herd To Expand In India | While most foreign banks are contracting their operations in India due to regulatory concerns JPMorgan Chase Co NYSE JPM is all set to open three more branches in the country It has already won the Reserve Bank of India s approval for this expansion The branches one each in New Delhi Bengaluru and Chennai ... |
MS | Morgan Stanley CEO sticks by performance target in tough questioning | By Olivia Oran PURCHASE N Y Reuters Morgan Stanley NYSE MS Chief Executive James Gorman on Tuesday stood by his intention to reach a key performance target after facing sharp questions from an analyst about whether he can achieve the goals he laid out At the Wall Street bank s annual meeting CLSA analyst Mi... |
MS | Macau casinos face growing bad debts as VIP punters step back | By Farah Master Macau Reuters Casinos in Macau face a growing volume of bad debt provisions further hitting earnings in the world s largest gambling hub at a time when high roller VIP punters are backing off China s slowing economy and a pervasive campaign against graft has sapped demand from wealthy gamblers and... |
MS | Here s some fruit now pay up say Thai debt collectors | By Orathai Sriring and Wirat Buranakanokthanasan BANGKOK Reuters When Piya Pong acha s employees chase payments from Thai debtors there are no strong men pounding on doors or threatening letters from lawyers A basket of fruit and a polite home visit does the trick We go to their houses with oranges or mangosteen... |
C | Global banks sharpen focus on yuan offerings as China s Silk Road fuels demand | By Sumeet Chatterjee HONG KONG Reuters Global banks including Citigroup N C and HSBC L HSBA are boosting their staff and presence for offerings in yuan from capital market solutions to hedging as China s drive to build a modern Silk Road fuels demand The push rides on hopes Chinese President Xi Jinping... |
C | Uniti Group 7 9 as Citi cuts to Neutral on Windstream woes | Uniti Group NASDAQ UNIT has tumbled 7 9 as lingering concerns at former parent Windstream WIN 7 1 have led Citigroup NYSE C to downgrade Uniti to Neutral Windstream today is facing a notice of default from a large bondholder surely Aurelius tied to its spin off of Communications Sales Leasing now Uniti... |
C | Santee Cooper to sell claims from Toshiba for failed nuclear project | Reuters South Carolina utility Santee Cooper said it would sell the rights to its portion of a 2 17 billion settlement with Toshiba Corp T 6502 at a discount to Citibank N C as the utility looks to avoid risk associated with payment delays spread over five years Under the agreement Citibank will pay 91 5 pe... |
C | Real rebalancing could lift oil prices to 80 bbl S P commodity chief says | The recent rise in crude oil prices are poised to continue eventually to possibly as high as 80 85 bbl as there is now a real rebalancing in the market Jodie Gunzberg head of commodity and real asset indices at S P Dow Jones Indices tells CNBC
Support is coming from several sources including OPEC members com... |
C | Yellen s Inflation Patience Gives Duration Bulls More Ammo | Bloomberg Janet Yellen s patience when it comes to inflation is giving bond bulls more ammunition
Easy financial conditions persistent strength in the labor market and a buoyant global backdrop give the Federal Reserve faith that inflation will return to its 2 percent target and all the justification needed ... |
C | Citigroup to settle dispute with Lehman Brothers for 1 74 billion Bloomberg | Reuters Citigroup Inc N C and Lehman Brothers Holdings Inc resolved a fight over 2 1 billion that dates to the financial crisis era after Citigroup agreed to give back 1 74 billion to the estate of the investment bank according to Bloomberg Citigroup had kept about 2 1 billion that Lehman had on deposit wi... |
C | Citigoup Continues To Trade In A Tight Range | Citigroup NYSE C continues to tempt and tease longer term investors as the consilidation phase of price action which began at the start of the year shows no sign of abating just yet with some key levels now building
The latter part of 2018 was one to forget for financials in general with December seeing the stock p... |
JPM | Early Brexit Fallout London Financials Getting Hit Hard | by Clement Thibault
Last Friday the UK s Brexit referendum results showed the Leaves had it 51 9 vs 48 1 for Stay in the European Union Though there is likely a two year unwind period ahead filled with negotiations between the UK and the EU until the full divorce will take effect the initial fallout has be... |
JPM | JPMorgan Core Bond A Fund PGBOX In Focus | JPMorgan NYSE JPM Core Bond A a Zacks Rank 2 Buy was incepted in May 1992 and is managed by Banc One Investment Advisors Corporation PGBOX seeks to maximize total return by investing primarily in a diversified portfolio of intermediate and long term debt securities PGBOX invests mainly in investment grade bo... |
MS | Greek bank stocks could rise 90 percent on bailout cash deal Morgan Stanley | LONDON Reuters Greek banking stocks could rise 90 percent from current levels and yield premiums over German benchmark bonds narrow if Greece and its creditors can reach a deal on releasing new bailout funds and debt relief Morgan Stanley NYSE MS said on Wednesday The broker upgraded Greek bank stocks to ove... |
MS | Squeezed again by political worries Turkey stocks head for worst week in five years | By David Dolan and Seda Sezer ISTANBUL Reuters Turkish stocks fell 1 3 percent on Friday on track for their worst weekly performance in nearly five years hit by renewed political uncertainty after Prime Minister Ahmet Davutoglu said he would step down Davutoglu said on Thursday he would step aside later this mon... |
MS | Morgan Stanley commodities group moving to Times Square after 15 years in suburbia | By Olivia Oran Reuters Morgan Stanley NYSE MS is moving its commodities trading business which has been housed in Purchase New York for the last 15 years to the bank s Times Square NYSE SQ headquarters The physical move is part of a broader strategy shift for the once high flying team of traders as Mor... |
MS | Stuck with dangerous dollar dominance | By Mike Dolan LONDON Reuters The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary the United States can see the downside Alarming bouts of volatility in world financial markets over the past 12 months have been rooted in a fear of wh... |
JPM | JPMorgan cautious on Alaska Air Group | JPMorgan NYSE JPM cuts Alaska Air Group ALK 2 to an Underweight rating We applaud Alaska s decision to temper 2019 growth in light of current fundamentals But ALK is the only name where we ve cut our 2019 forecast as has consensus and the company remains in the United crosshairs in San Francisco in our v... |
C | Dimension board says Ultragenyx bid could be superior to REGENXBIO offer discussions to proceed shares slip 4 premarket | The board of Dimension Therapeutics NASDAQ DMTX has determined that Ultragenyx Pharmaceutical s NASDAQ RARE unsolicited cash bid of 5 50 per share could reasonably be expected to lead to a superior proposal under the terms of its merger agreement with REGENXBIO NASDAQ RGNX As such discussions will proceed ... |
C | Citigroup targets Belt and Road to boost China revenue | By Matthew Miller BEIJING Reuters Citigroup Inc N C expects to boost its revenue growth in China by tapping into opportunities presented by Beijing s Belt Road initiative the bank s China chief said The New York based lender is one of a handful of global banks promoting its cross border capabilities to cap... |
C | Strategas Buy industrials banks over energy | While energy staged a bit of a comeback last week and it was the best performing sector Strategas s Chris Verrone and his team think investors shouldn t get too excited
The reacceleration in the Industrials sector is more durable as new highs have expanded and relative performance has improved while the charts f... |
C | Citigroup to pay a fine for swap data reporting violations CFTC | WASHINGTON Reuters Citigroup Inc N C has agreed to pay a 550 000 penalty for swap data reporting violations and improve such reporting the U S Commodity Futures Trading Commission CFTC said in a statement on Monday The CFTC said Citibank and London based Citigroup Global Markets had failed to properly rep... |
C | 4 Trade Ideas For Citibank | Citigroup Inc NYSE C had a false break out in September and quickly reversed lower It paused through November before accelerating lower in December to a Christmas Eve low After Christmas it started higher though confirming a Morning Star reversal That move continued until late January when it met resistance just... |
JPM | People s United Expands In New York To Buy Suffolk Bancorp | On Monday the regional bank People s United Financial Inc NASDAQ PBCT came up with an expansion plan in the New York State The bank is increasing its footprints in New York with the acquisition of Riverhead based Suffolk Bancorp NYSE SCNB The all stock deal is valued at 402 million The deal which is ant... |
MS | Fed move unlikely focus on leaving the door open or closed for June | Investing com With markets dismissing the possibility of a rate hike by the Federal Reserve Fed on Wednesday analysts focused on whether or not the U S central bank will choose to leave the door open or closed for a possible move at the next meeting in June
Markets and analysts were at odds with each other with ... |
MS | Oil pulls back from 2016 highs on OPEC output boost | Investing com Oil prices fell on Monday as rising production in the Middle East outweighed a decline in the U S output and a sliding dollar while Morgan Stanley NYSE MS warned that an emerging gasoline glut could also spill back into crude markets
Brent was trading at 46 80 per barrel at 09 33 GMT down 57 ce... |
JPM | Twitter gains while analysts fade COO departure | Twitter NYSE TWTR is making a move early today up 5 1 to recoup a couple of days of declines On Yahoo NASDAQ AABA JP Mangalindan notes analysts aren t quite as spooked as investors are by the departure of COO Anthony Noto to run SoFi A lot of what Noto put in place will continue says Altimeter Group s Omar Ak... |
JPM | Oil Advances as Cheap Dollar Stokes Demand as Supply Tightens | Bloomberg Oil was on course for its third weekly gain this month as the cratering value of the U S currency elevated demand for dollar denominated commodities when spare crude supplies already were shrinking
Futures inched 0 4 percent higher on Friday in New York pushing the weekly advance to 3 9 percent The d... |
JPM | Momo 1 2 as JPMorgan boosts to Overweight | Momo NASDAQ MOMO ADRs are adding to gains today after getting an upgrade to Overweight from JPMorgan NYSE JPM Shares are up 1 2 after hours they gained 1 8 during the regular session Along with the boost from a Neutral stance JPMorgan has raised its price target to 40 from 30 implying 32 upside from today... |
C | Fortescue Metals CEO Power to leave in February | Fortescue Metals OTCQX FSUMF says CEO Nev Power will step down in February after seven years at the helm sending shares 4 5 lower in Australian trading Power is highly regarded by investors for guiding the previously debt laden company through the commodities crash that saw iron ore prices plunge to 40 metric ton... |
C | U S trial set to begin for ex HSBC executive in foreign exchange scheme | By Brendan Pierson NEW YORK Reuters A former high ranking HSBC Holdings Plc L HSBA executive from Britain on Monday will become the first person to go to trial on charges stemming from a U S probe into foreign exchange rate manipulation Selection of jurors for the trial of Mark Johnson a 51 year old British ... |
C | Citi names co heads for EMEA trade business | Reuters Citigroup Inc NYSE C named Peadar MacCanna and Murat Demirel as trade co heads for its treasury and trade solutions TTS business in Europe Middle East and Africa EMEA
Demirel most recently served as chief financial officer at Oger Telecom Ltd and MacCanna recently was EMEA head of trade finance ba... |
C | CitiFinancial pays 907 000 for repossessing U S military servicemembers vehicles | WASHINGTON Reuters CitiFinancial Credit Co a unit of Citigroup Inc N C has agreed to pay 907 000 to resolve allegations that it illegally repossessed 164 cars owned by U S military servicemembers without first obtaining the required court orders the U S Justice Department said on Monday The settlement re... |
C | Sale of ex Trump aide Scaramucci s SkyBridge on track executive | By Svea Herbst Bayliss BOSTON Reuters The sale of former White House communications director Anthony Scaramucci s SkyBridge Capital LLC hedge fund investment firm to a consortium that includes a Chinese buyer is still on track with the closing date expected in late September the firm s chief investment officer sa... |
C | Why Is Citigroup C Up 2 1 Since Last Earnings Report | It has been about a month since the last earnings report for Citigroup C Shares have added about 2 1 in that time frame underperforming the S P 500
Will the recent positive trend continue leading up to its next earnings release or is Citigroup due for a pullback Before we dive into how investors and analysts ha... |
JPM | 3 Top Rated Large Cap Value Mutual Funds To Invest In | Large cap value mutual funds provide excellent choices for investors who seek returns subject to low risk While mutual funds investing in value stocks have the potential to deliver higher returns and exhibit lower volatility compared to growth and blend counterparts large cap funds usually provide a safer option than... |
JPM | Gold ETFs Shine On Brexit Woes | Time and again gold has been a safe harbor when uncertainties loom The weakness in the global financial markets had helped gold to recover its sheen in 2016 A tumultuous global economy including pressing growth issues and the global oil market turbulence lifted its safe haven demand read On top of it U K surpr... |
MS | Morgan Stanley s quarterly profit falls by more than half | Investing com Morgan Stanley NYSE MS s quarterly profit fell by more than half hit by market volatility early in the year
But earnings still handily beat expectations as the bank slashed employee compensation
First quarter earnings fell 54 4 to 1 06 billion or 55 cents per share from 2 31 billion a year ea... |
JPM | At Davos delegates talk down Trump but bet big on America | By Alessandra Galloni DAVOS Switzerland Reuters Since Donald Trump won the U S presidency business has been booming for Monaco based businessman Manfredi Lefebvre d Ovidio His privately owned luxury cruise operator Silversea Cruises registered an immediate pick up in bookings from its main U S market and dem... |
JPM | JPMorgan downgrades Nutanix to 18 downside | JPMorgan NYSE JPM downgrades Nutanix NASDAQ NTNX from Neutral to Underweight with a 30 price target which is a nearly 18 downside on yesterday s closing price Analyst Mark Murphy says the company s transition to a software only model is already priced in Nutanix shares are down 4 5 prem... |
JPM | JPMorgan raises CalAmp to Neutral shares 3 5 | CalAmp NASDAQ CAMP is up 3 5 premarket after a raise to Neutral at JPMorgan NYSE JPM from Underweight The firm raised its price target to 25 from 22 implying 9 8 upside Shares have gained 53 5 over the past 12 months and gained 17 9 over the past three months Now read |
JPM | Shrinking dollar just getting started JPMorgan | The U S has been a pacifist in the currency war for too many years JPMorgan NYSE JPM Asset Management Chief Global Strategist David Kelly tells Bloomberg Other countries Japan and Europe have been trying to push their currency down We just took it I think we shouldn t For improving the U S trade positio... |
JPM | Brexit could push 4 000 plus JPMorgan jobs from Britain | By Lawrence White LONDON Reuters JPMorgan NYSE JPM could move more than 4 000 jobs out of Britain if Brexit talks result in a divergence of regulations and trade agreements between Britain and the European Union the U S banking giant s chief executive said on Thursday If they determine you can t have reciproc... |
JPM | Trump trolling forex traders now | The dollar is going to get stronger and stronger the president tells CNBC Ultimately he says he wants to see a strong dollar As for Treasury Secretary s Mnuchin s weak dollar words from yesterday Trump says they were taken out of context The greenback has erased nearly all of the day s previously sizable losses f... |
JPM | Oil Set for Weekly Gain as Crude Stockpiles and Dollar Decline | Bloomberg Oil headed for a weekly increase as U S crude stockpiles dropped further and the nation s currency weakened
Futures have climbed 3 8 percent in New York this week after reaching the highest since December 2014 on Thursday Crude stockpiles fell for a 10th week to the lowest level since February 2015 a... |
C | Bank of Canada s silence leaves markets looking for more clues on rates | By Leah Schnurr OTTAWA Reuters The Bank of Canada s reticence to guide markets on the future path of monetary policy has left many scrambling to determine how quickly the central bank plans to raise rates after a recent hike caught many off guard Some central bank watchers also took issue with last Wednesday s int... |
C | U S Justice Department charges ex Deutsche Bank subprime trader with civil fraud | By Sarah N Lynch
WASHINGTON Reuters The U S Justice Department on Monday charged Deutsche Bank s DE DBKGn former head of subprime mortgage trading with civil fraud in connection with conduct dating back to the 2007 2009 financial crisis
Paul Mangione the former trader is accused in the complaint of misrepr... |
C | European Stocks Open Higher as Risk Appetite Returns Dax up 0 35 | Investing com European stocks opened higher on Tuesday as market sentiment continued to improve after the weekend proved to be less catastrophic than initially anticipated
During European morning trade the EURO STOXX 50 advanced 0 48 France s CAC 40 rose 0 32 while Germany s DAX 30 gained 0 35 by 03 35 a m E... |
C | Premarket analyst action healtcare | Reata Pharmaceuticals NASDAQ RETA initiated with Outperform rating and 43 43 upside price target by Leerink Catalent NYSE CTLT initiated with Hold rating by Needham citing valuation GenMark Diagnostics NASDAQ GNMK price target lowered to 15 53 upside from 17 but Buy rating maintained by Needham citing ma... |
C | Exclusive Venezuela state oil firm s credit woes spread to U S unit Citgo | By Marianna Parraga and Catherine Ngai HOUSTON NEW YORK Reuters Washington s recent sanctions against Venezuelan state run oil company PDVSA have started to ensnare its U S unit Citgo Petroleum making it harder for the refiner to obtain the credit it needs to purchase crude according to six traders and banking ... |
JPM | Brexit Repercussions Hit UK Exposed Banks Tank Share Prices | After Britain s decision yesterday to leave the European Union there is a huge amount of uncertainty looming over global markets and especially over the banking sector Many banks both European and from the US use the United Kingdom as their headquarters for the services and operations that they offer throughout t... |
MS | Shareholders kill 1 9 billion deal for Morgan Stanley linked fund in Australia | SYDNEY Reuters A A 2 5 billion 1 9 billion buyout of Morgan Stanley linked Australian property group Investa Office Fund IOF by local rival DEXUS Property Group failed on Friday when it received insufficient shareholder votes the target said In a filing to the Australian Securities Exchange on Friday IOF sa... |
MS | U S business conditions strongest since 2014 Morgan Stanley | NEW YORK Reuters U S business conditions are the strongest since the summer of 2014 as sentiment has recovered from a weak start to the year signaling companies willingness to make capital expenditures Morgan Stanley NYSE MS economists said on Friday More investment in equipment however might come at the... |
JPM | JPMorgan sees brick and mortar branches pivotal to U S expansion | NEW YORK Reuters JPMorgan Chase Co N JPM sees brick and mortar banking as essential to expanding into more than a dozen markets over five years even though customers do 80 percent of their transactions online or at ATMs a bank executive said on Tuesday Seventy five percent of our deposit growth comes from c... |
JPM | JPMorgan plans expansion into Ghana and Kenya | LONDON Reuters JPMorgan Chase Co N JPM plans to expand its African presence into countries including Ghana and Kenya Chief Executive Jamie Dimon said in an interview on Wednesday You ll see us open in some countries we are not in in Africa you ll be hearing about some of that stuff Dimon told Bloomberg Te... |
C | Citigroup sees third quarter markets revenue down 15 percent vs year earlier | NEW YORK Reuters Citigroup Inc N C third quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U S elections Chief Financial Officer John Gerspach said on Monday at an investor conference Gerspach s outlook was simil... |
C | MPs Rejected Brexit Deal Now What | Thoughts Post Brexit Vote
1 The sterling was near 7 week highs as the market began pricing in a delay This was evident in the events market PredictIt org and the derivatives market
2 The vote was as the BBC and the Financial Times predicted Historic
3 The short term specs moved to the sideline ahead of the ... |
JPM | After Gold Is It Turn For Platinum ETF To Shine | The weakness in the global financial markets has helped gold to recover its sheen in 2016 A tumultuous global economy including overall growth issues and Brexit fears coupled with the global oil market turbulence has lifted safe haven demand read The jump in gold prices was also supported by plunging interest rate... |
JPM | Bloody Hell Brexit Wins | Friday June 24 2016Great Britain has shocked the global markets by voting to exit the European Union by a vote of 51 8 to 48 2 As a direct result Prime Minister David Cameron has stepped down from his post remarking the country needs fresh leadership Considering the markets were trading with roughly 3 to 1 od... |
MS | Financial turmoil at SunEdison imperils solar projects worldwide | By Nichola Groom
LOS ANGELES Reuters In November solar energy giant SunEdison Inc N SUNE reported that its project pipeline had grown by 75 percent in just a year the result of an aggressive growth strategy
Now five months later many of those projects are imperiled as SunEdison reportedly prepares to declare... |
MS | Stocks jump on China trade surprise buoyant banks | By Jamie McGeever LONDON Reuters Global stocks rose on Wednesday after surprisingly upbeat Chinese trade data offered hope Asia s biggest economy is finally stabilising boosting risk appetite A strong rise in European bank shares led by renewed optimism surrounding Italy s fund to shore up weak lenders and a po... |
JPM | Tide of Money Drowns Hong Kong Central Banker s Property Warning | Bloomberg Why are official warnings of the threat that rising interest rates pose to Hong Kong s red hot housing market falling on deaf ears
The Hong Kong Monetary Authority and the International Monetary Fund have both highlighted the risks But three Federal Reserve rate increases forecast for this year won t s... |
JPM | Big banks cut price research puts the squeeze on small brokers | By Tom Pfeiffer and Simon Jessop
LONDON Reuters Big banks have been offering deep discounts on the research they offer fund managers since the start of new European market transparency rules this month raising doubts over the future of smaller securities firms
Companies providing such research must now give a tra... |
JPM | New Ocado ecommerce deal turns screw on bearish hedge funds | By Simon Jessop
LONDON Reuters Hedge funds which have bet on a fall in the share price of Ocado LON OCDO will have taken a hit after the online retailer unveiled a new international technology deal which sent its stock up by more than a fifth
Canadian retailer Sobeys SOBEF UL has agreed to use Ocado s e commer... |
JPM | BOJ to sound cautious optimism on inflation keep policy unchanged | By Leika Kihara TOKYO Reuters Japan s central bank is set to keep monetary settings unchanged on Tuesday and offer a cautiously optimistic view on the inflation outlook nodding to expectations that a strengthening recovery and a tightening job market may prompt firms to lift wages But Bank of Japan Governor Haruh... |
JPM | JPMorgan rolls out 20 billion investment plan after tax gains | By Sweta Singh and David Henry Reuters JPMorgan Chase Co N JPM unveiled a 20 billion investment plan on Tuesday to hike wages hire more open new branches and expand its business as it takes advantage of sweeping changes to the U S tax law and a more favorable regulatory environment The bank joined several ... |
C | Mexico airport seeks at least 2 billion on international road show sources | Reuters Mexico City airport authorities are meeting with international investors this week in a bid to raise upwards of 2 billion through a U S dollar denominated debt issue to help finance a new 13 billion airport people familiar with the matter said While maturities have not yet been fixed the two people sa... |
C | Markets Rebound As Beijing Pledges Support | Equities are rebounding on Tuesday after recovering from Monday s China inspired sell off Soft data from China sent stocks reeling in the previous session as traders were unable to shake off slowing growth fears Today s bounce comes following a pledge of more supportive measures from Beijing to stabilise the slowing... |
JPM | This Big Bank Is Flashing An Epic Breakdown Alert | JPMorgan Chase Co NYSE JPM pulled back last week as yields have fallen sharply on the horrible jobs report Remember that since Dodd Frank banks are not able to make the same money they used to and must now rely on loaning money And that means higher interest rates are very important for bank stocks The lower i... |
JPM | 4 Emerging Markets Bond ETFs On The Radar Now | Emerging market bond ETFs are getting a lot of attention amid renewed concerns over global economic growth potential Brexit from the European Union and a roller coaster ride of oil prices read Given the turmoil in the global markets and low yield all over the world income starved investors are chasing better retu... |
JPM | Hunting For Income Among Bank Stocks | As I mentioned last week with danger lurking among MLPs and real estate income investors are increasingly looking elsewhere And that includes a tried and true dividend generator the banking sector
But beware Not all of them represent good income investments
Large banks are now over regulated and could be cau... |
MS | Banks fall out of love with emerging markets | By Gareth Gore IFR Emerging markets are fast losing their shine for the world s biggest investment banks Faced with falling fees from fewer deals and bleak prospects ahead many have put the brakes on a decade long expansion with some cutting jobs and shutting offices Subdued deal activity has meant there are... |
MS | Brocade to buy Ruckus Wireless in 1 5 billion deal | By Abhirup Roy
Reuters Network gear maker Brocade Communications Systems Inc O BRCD said it would buy Ruckus Wireless Inc N RKUS in a 1 5 billion deal aiming to tap into the growing demand for Wi Fi access over large areas such as offices and stadiums
Ruckus which counts the Marriott group and the Angel... |
MS | Disney expands search for new CEO COO Staggs leaving | By Lisa Richwine
LOS ANGELES Reuters Tom Staggs the veteran Walt Disney Co executive who had been widely seen as the media company s next CEO will step down on May 6 as the board expands its search for a successor to Bob Iger Disney said on Monday
The unexpected move came little more than a year after Staggs ha... |
MS | Morgan Stanley aims to double custom loans for wealthy clients | By Olivia Oran Reuters When a founder of a tech startup wants to buy a home but has all his money parked in illiquid stock or a pro athlete wants to buy a Porsche but has not yet received his guaranteed payout Morgan Stanley NYSE MS wants to be the lender they turn to In fact the bank wants to double the si... |
MS | U S weakens retirement advice rule responding to industry | By Suzanne Barlyn and Lisa Lambert WASHINGTON Reuters A new U S rule aimed at protecting retirement savers from profit hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services industry The rule announced by the Department of... |
MS | Asia forex gloom lifts on dollar retreat and dovish Fed Reuters poll | By Sumanta Dey
BENGALURU Reuters Emerging Asian currencies are set to weaken further in the coming year but not as much as thought a few months ago as expectations the U S Federal Reserve will raise interest rates more cautiously hold back the dollar a Reuters poll showed
Still with many Asian central banks c... |
JPM | Wells Fargo brings on three to lead government relations | When the going gets tough the tough beef up their D C lobbying staff Wells Fargo NYSE WFC this year has brought on former HUD executive Beth Zorc as Head of Public Policy and Financial Services Roundtable Executive Director Eric Hoplin as Head of External Relations Shannon Aimone formerly with JPMorgan NYSE J... |
JPM | Nigeria sues JP Morgan for 875 million over Malabu oilfield deal | By Libby George and Julia Payne LONDON Reuters Nigeria has filed a claim against JP Morgan Chase NYSE JPM for more than 875 million accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country s former oil minister A spokeswoman for JP Morgan dismi... |
JPM | JPMorgan s Dimon gets 5 4 pay boost to 29 5M for 2017 | JPMorganChase NYSE JPM CEO Jamie Dimon received 29 5M in total compensation for 2017 up 5 4 from 2016 according to a new SEC filing Dimon s pay package included 23M of restricted stock tied to performance a 5M cash bonus and 1 5M salary the CEO s second biggest package since taking the job in 2005 trailing... |
C | British banks set to close record 762 branches this year | By Lawrence White and Andrew MacAskill LONDON Reuters Banks in Britain are set to close a record 762 branches this year depriving more customers of access to in person financial services as lenders cut costs by pushing business online The number of branches shut or earmarked for closure so far this year is more ... |
C | European companies seek help dealing with activist investor threat | By Clara Denina Ben Martin and Maiya Keidan LONDON Reuters European companies are being told by their advisers to open up and engage more with existing shareholders to fend off the increasing threat from activist investors who force strategy changes to push up a target s share price Activist investors are mostl... |
C | Nine years on another Lehman Brothers bankruptcy | By Tom Hals WILMINGTON Del Reuters Two affiliates of Lehman Brothers the U S investment bank that collapsed in 2008 and fueled an economic crisis filed for Chapter 11 bankruptcy late on Thursday a reminder of the complexity of unwinding a global financial institution The two affiliates Lehman Brothers U K H... |
C | Citigroup Kicks Off Earning Season With A Whimper | Normally we see JP Morgan kickoff earning season but this time Citigroup NYSE C gets to kick things off Citigroup reported a beat on fourth quarter EPS at 1 61 higher than the 1 55 analysts consensus Revenue missed with a 17 1 billion print much lower than the eyed 17 6 billion consensus
Citigroup shares a... |
C | Souring Sentiment Across Global Equity Markets Yesterday | Weak China data pushes Wall Street lower
China s December trade data was weak across the board souring sentiment across global equity markets yesterday The US financial sector was buoyed by mixed earnings from Citibank NYSE C UK Parliament votes on the Brexit deal today
US30USD Daily Chart
Source OANDA fxTrade
... |
JPM | What Does The Current State Of Global Growth Imply For Gold | Global economic growth stumbled in May What does it imply for the gold market
The JPMorgan NYSE JPM fell from 51 6 in April to 51 1 in May the second lowest reading since the end of 2012 It means that the global economy continued its subdued start to the year The rates of growth in all industry output and new o... |
JPM | Banks Gear Up To Fight For Key Position In Saudi Aramco IPO | The race to get a piece of what could very well be the largest IPO in history is heating up as investment banks around the world are beginning to fight for position in the upcoming Saudi Aramco initial public offering
As part of a planned transformation in the domestic economy Saudi Arabia s state owned oil company w... |
JPM | Tracking Recession Risk | Recession Risk Rises
In last weekend s newsletter I discussed the rising risk of recession as presented by JPMorgan s NYSE JPM risk model
Following the release of the employment data and other rather dismal economic data JP Morgan issued a note courtesy of ZeroHedge suggesting the probability of a recession be... |
MS | Turkish tourism and economy struggle due to bombings Russia chill | By Nevzat Devranoglu and Ece Toksabay ANKARA Reuters Suicide bombings in Istanbul a row with the Kremlin and hard times for the Russian middle class all these factors spell trouble for Turkey s tourist industry and its wider economy Nowhere is the mood gloomier than among shopkeepers in Istanbul Turkey s cultu... |
MS | BOJ newcomer Sakurai flags support for bold easing | By Leika Kihara and Stanley White TOKYO Reuters Bank of Japan s BOJ new board member Makoto Sakurai on Friday flagged strong support for Governor Haruhiko Kuroda s aggressive monetary easing and argued the case for bold policy measures to tackle deflationary challenges But he also said the central bank should ... |
MS | California sues Morgan Stanley over mortgage losses | By Jonathan Stempel Reuters The state of California sued Morgan Stanley NYSE MS on Friday accusing the bank of hiding the risks of complex mortgage debt and other securities it sold causing big losses for the state s public pension funds CalPERS and CalSTRS Kamala Harris the state attorney general said Mo... |
JPM | Big pharma is getting ready to spend tax reform dollars on big deals | There s a lot of anticipation for big ticket pharmaceutical mergers and acquisitions to take off in 2018 That s in large part because of the tax reform that passed in 2017 which frees up cash companies have overseas and lowers the corporate tax rate We d love to use the cash to buy and partner to expand our pipeli... |
C | Libor tracking investments hit U S exchanges complexity a worry | By Trevor Hunnicutt NEW YORK Reuters Investors who place wagers on the direction of interest rates got a new set of U S listed investment products on Wednesday but their complexity may prove an obstacle to them gaining broad acceptance VelocityShares Long LIBOR Exchange Traded Notes and VelocityShares Short LIBO... |
C | U S labor market tightening autos weigh on manufacturing | By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment benefits fell to near a six month low last week pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio A weakening automobile ... |
C | Oil major Total s shares rise as analysts welcome Maersk Oil deal | By Sudip Kar Gupta PARIS Reuters Shares in Total rose on Tuesday on the back of upbeat analyst comments regarding the French oil major s 7 45 billion takeover of Maersk Oil Total was up 0 8 percent in early session trading among the top performers on France s benchmark CAC 40 index The credentials of this deal... |
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