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2023-03-20 14:45:33 ET Summary The recent sell-off of bank stocks has triggered a drastic plunge in Citigroup's stock price to its pandemic and 8 Year lows, suggesting an improved margin of safety to our price target. The bank also boasted an excellent Liquidity Coverage Ratio [LC...
2023-03-20 13:42:51 ET Summary JPM continues to command depositors' and market analysts' confidence in deposit stability and forward execution. This sentiment is demonstrated by the "deluge of deposits" flowing into JPM, along with other banks, potentially helping boost its Net In...
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Fangda Carbon New Material Co., Ltd. (“Fangda”), a leading company engaged in the research, development, production and sales of carbon materials, to act as the Depositary Bank for its Global Deposit...
2023-03-19 16:00:00 ET Summary First Republic Bank has crashed and the dividend halt has put blood on the streets. The white knights have ridden to the rescue but whether the common equity can be saved is questionable. A direct investment in common shares looks to be a bad cho...
2023-03-19 08:56:31 ET Summary First Republic Bank has declined enough that the stock is looking quite attractive. Despite this, and even though management has provided investors with multiple updates, there is too much opacity and uncertainty to make this a reasonable risk-to-rew...
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 14:53:00 ET Credit card metrics for February were largely consistent with trends seen in recent months, continuing to normalize at a gradual pace, with the exception of Bread Financial ( NYSE: BFH ). But charge-off and delinquency trends are still generally below ...
2023-03-18 10:30:11 ET Get ahead of the market by subscribing to Seeking Alpha's Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports a...
2023-03-18 09:33:00 ET Summary In a simple and elegant way, the large banks may have found a way to restore confidence in the U.S. banking system. In total, the banks will deposit $30 billion in First Republic, with an initial term of 120 days at prevailing market rates. The b...
2023-03-18 04:20:12 ET Summary NFJ takes an approach of primarily investing in equity investments but also incorporates convertible securities. The fund has managers from both NFJ Investment Group and Voya Investment Management. The fund's discount is fairly attractive, and th...
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Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by NIP Group Inc. (“NIP”) for its American Depositary Receipt (“ADR”) program. NIP is a leading Chinese esports organization with an expansive global footprint that spans Asia, E...
2024-07-30 09:00:15 ET Betsy Graseck from Morgan Stanley issued a price target of $79.00 for C on 2024-07-30 08:05:00. The adjusted price target was set to $79.00. At the time of the announcement, C was trading at $64.3. The overall price target consensus is at $68.92 wi...
Citi today announced the launch of its annual CitiFX Vendor Review, which provides the broadest view of FX vendors and a comprehensive analysis of the FX landscape for the benefit of clients and FX providers. The review highlights where strategic venue and vendor partners can improve based on...