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Barclays Bank PLC (“ Barclays ”) announced today that it will exercise its issuer call option and redeem in full each of the 21 series of iPath ® ETNs (the “ ETNs ”) listed in the table below on June 14, 2023 (the “ Redemption Date ”)...
2023-04-04 17:18:59 ET Shares of Encompass Health (NYSE: EHC) were up more 10.8% on Tuesday after the Centers for Medicare and Medicaid Services (CMS) proposed to increase inpatient rehabilitation-facility payment rates by 3% for fiscal 2024. The company is the largest owner and ope...
2023-04-03 12:03:07 ET HSBC Holdings ( NYSE: HSBC ) Chairman Mark Tucker told a group of shareholders in Hong Kong that the board wants shareholders vote against shareholder proposals to restructure the bank and pay fixed dividends because they would hurt the Asia-focused bank's cos...
2023-04-03 01:29:02 ET Summary HSBC and BCS are large systematically important UK-domiciled banks. HSBC's valuation on a price per tangible book basis is slightly below fair value. It is a stable bank but subject to China-related geopolitical risks. BCS is trading at a distres...
2023-03-27 15:02:49 ET Summary Bank of America is perceived as a safe haven for depositors amid the instability of the banking industry. Bank of America is performing well, focusing on innovation and technology, but faces challenges such as bond portfolio losses and legal and regu...
2023-03-22 22:16:00 ET Summary Much has changed since the last update in September, with banks now hogging many of the top spots. Bank shares have gone down in the last couple of weeks and their dividend yields have gone up, because several banks have recently failed. If you b...
2023-03-22 15:36:04 ET Summary UBS bought $65 billion of equity value for $3 billion. Loss backstops from the Swiss government can add more than another $9 billion of value. Day 1 tangible book value will be around $25/share versus the current $21 stock price. The remainin...
2023-03-19 01:54:33 ET Summary Deutsche Bank is a flight to quality play these days. The path to >10% RoTCE by 2025 is credible. The game-changer is share buybacks which I expect to commence later in 2023. DB stock is a compelling opportunity at 0.35x tangible book valu...
2023-03-18 12:45:00 ET Summary The Credit Suisse saga presents systemic and contagion risk to the global banking markets. There is likely going to be a shotgun wedding this weekend. UBS will likely takeover the whole (or parts) of the Credit Suisse franchise. The deal is c...
2023-03-18 05:31:27 ET Summary Barclays is trading at a ridiculous 0.45x tangible book value. It reaffirmed its target of >10%. Buybacks restarted earlier this week. In this article, I assess its capital trajectory in 2023. Barclays ( BCS ) share price has...
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2024-07-20 01:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Barclays Bank PLC (the “ Issuer ”) announced today that, in connection with its previously announced cash tender offers (each, an “ Offer ”) to purchase any and all of its outstanding exchange-traded notes (the “ Notes ” or the “ ETNs...
Barclays Bank PLC (“ Barclays ”) announced today that it will implement a 1 for 4 reverse split of two series of iPath ® ETNs (together, the “ ETNs ”): the iPath ® Series B S&P 500 ® VIX Short-Term Futures ™ ETNs (CUSIP...