Citigroup CFO Expects Investment Banking Revenue To Be Flat Or Up A Little Bit In Q3.
Citigroup CFO Expects Investment Banking Revenue To Be Flat Or Up A Little Bit In Q3 Read Post »
RBC Capital analyst Gerard Cassidy reiterates Bank of America (NYSE:BAC) with a Outperform and maintains $35 price target.
RBC Capital maintains Bank of America (NYSE:BAC) $35 price target Read Post »
Wells Fargo & Company (WFC) could see its headcount reduced further to improve efficiency even as the lender has been cutting jobs since the third quarter of 2020, Chief Financial Officer Mike Santomassimo said on Tuesday. “I’m not suggesting it’s going to be down every quarter forever, right? Like so — but I do think that there’s more to do, and you’ll see that through the headcount number,” said Santomassimo, according to a Capital IQ transcript. “And it really just is business by business, group by group, making sure we come in every day, every quarter and have a plan to continue to incrementally get better and better.”
Wells Fargo CFO Sees More Job Cuts to Improve Efficiency Read Post »
RBC Capital analyst Gerard Cassidy reiterates JPMorgan Chase (NYSE:JPM) with a Outperform and maintains $158 price target.
RBC Capital maintains JPMorgan (NYSE:JPM) $158 price target Read Post »
Goldman Sachs CEO Says Chance Of Soft Landing Has Risen “Very Meaningfully”; Economic Outlook Is Still Uncertain; The Fed Still Has Work To Do On Inflation; Inflation Likely To Be More ‘Sticky’ Vs Optimistic Views
Goldman Sachs CEO Says Chance Of Soft Landing Has Risen “Very Meaningfully” Read Post »
HSBC analyst Alevizos Alevizakos initiates coverage on Morgan Stanley (NYSE:MS) with a Buy rating and announces Price Target of $99.
HSBC announces Morgan Stanley (NYSE:MS) Price Target of $99 Read Post »
Morgan Stanley is seeing a rise in early action in mergers and acquisition, setting up the lender for a recovery of M&A activity next year. Head of Investment Management Daniel Simkowitz says at the Barclays Global Financial Services Conference that Morgan Stanley is seeing early action and “some real data points in the market” on M&A, building on the improved sentiment and backlog of deals the investment bank saw several months ago. He says execution in capital markets has also improved. “That leads us to believe that 2024 should be meaningfully improved versus last year and that we’re in the midst of a sustainable recovery,” he says.
Morgan Stanley Says Signs Still Point to More M&A in 2024 Read Post »
RBC Capital analyst Gerard Cassidy reiterates JPMorgan Chase (NYSE:JPM) with a Outperform and maintains $158 price target.
RBC Capital maintains JPMorgan Chase (NYSE:JPM) $158 price target Read Post »
Morgan Stanley analyst Betsy Graseck maintains JPMorgan Chase (NYSE:JPM) with a Overweight and raises the price target from $173 to $179.
Morgan Stanley raises JPMorgan Chase (NYSE:JPM) price target from $173 to $179 Read Post »
Raymond James analyst Patrick O’Shaughnessy maintains Intercontinental Exchange (NYSE:ICE) with a Strong Buy and raises the price target from $133 to $137.
Raymond James raises Intercontinental Exchange (NYSE:ICE) price target from $133 to $137 Read Post »
Morgan Stanley analyst Michael Cyprys maintains Intercontinental Exchange (NYSE:ICE) with a Equal-Weight and lowers the price target from $124 to $118.
For the third time since June, Investment bank Goldman Sachs lowered the odds on a recession hitting the U.S. in the next 12 months. It now sees the chances of a contraction at 15%, down from a probability of 20% in July. It had the odds at 35% in March as regional banks were roiled by market turmoil. To be sure, Goldman Chief Economist Jan Hatzius still sees a slowdown in the fourth quarter. But it will be “shallow and short-lived,” he said in a Monday note. Economists in a Bloomberg survey see about a 60% chance of recession in the coming year as an aggressive campaign of interest-rate increases hits the economy.
Goldman Sachs Is More Optimistic Than Most About U.S. Growth. Read Post »