Financials

DA Davidson: Pacwest Bancorp (NASDAQ:PACW) presents a buying opportunity with its price target cut to $29

D.A. Davidson analysts Gary Tenner and Clark Wright said the Silicon Valley bank bankruptcy is a buying opportunity for PacWest (NASDAQ:PACW) stock. “We think last week’s sell-off provides a more attractive buying point for investors, especially after the Fed’s announcement on Sunday of the launch of the Bank’s Term Financing Program (BTFP),” the analyst said. “Analysts upgraded the stock to Buy and lowered its price target to $29.

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Intercontinental Exchange (NYSE:ICE) expects to complete acquisition of Black Knight in Q3 or Q4 2023

Intercontinental Exchange (NYSE:ICE): The Federal Trade Commission (FTC) is “unreasonable” in its attempt to block the Company’s acquisition of Black Knight, and the Company will seek judicial access to resolve the current predicament, and still expects to complete the acquisition in the third and fourth quarters of this year. March 09, 2023 – (BUSINESS WIRE) Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced today that it strongly disagrees with, and will vigorously oppose, the Federal Trade Commission (FTC)’s challenge to ICE’s previously announced acquisition of Black Knight, Inc. (NYSE: BKI). In many public forums, ICE has outlined its vision for a more equitable housing finance system, one which is currently fraught with inefficiencies, cybersecurity vulnerabilities, unnecessary delay, and requires robust digitization to lower costs for all participants. The deal between ICE and Black Knight, which is intended to automate, streamline, and increase transparency

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Berkshire Hathaway(NYSE:BRK.A) Q4 2022 net profit $18.164 billion,down 54.18% year-over-year

February 25, 2023 — Berkshire Hathaway(NYSE:BRK.A) Earnings (losses) of Berkshire Hathaway Inc. and its consolidated subsidiaries for the fourth quarter and full year of 2022 and 2021 are summarized below. Earnings (losses) are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts). BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS Approximately $2.6 billion was used to repurchase Berkshire shares during the fourth quarter bringing the total for the year to approximately $7.9 billion. Berkshire Hathaway (NYSE:BRK. A) In Q4 2022, the profit per EPS was $12,412, and the market expected a profit of $5,436.9, compared to a profit of $26,690 in the same period last year. Revenue in 2022 was $302.089 billion, compared to $276.094 billion in the previous year. The net loss in 2022 was $22.819 billion, and the net profit in the fourth quarter was $18.164 billion, compared to a profit of $39.646 billion in

Berkshire Hathaway(NYSE:BRK.A) Q4 2022 net profit $18.164 billion,down 54.18% year-over-year Read Post »

Morgan Stanley: JPMorgan’s market cap is expected to break through the trillion-dollar mark

Morgan Stanley analyst Betsy Graseck said that if a so-called soft landing is achieved with interest rates remaining high for longer, the largest U.S. bank would benefit from higher net interest income, as well as higher fees and improved efficiency, and the stock is an “undervalued rate-related stock.” JPMorgan’s market capitalization is expected to more than double to $1 trillion by 2030, cementing the latter’s position as the largest bank by market capitalization in the United States.

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Goldman Sachs (NYSE:GS) Authorizes $30 Billion Share Repurchase Program

Goldman Sachs (NYSE:GS) announced Friday that it had authorized a new share repurchase program of up to $30 billion. In a filing with the Securities and Exchange Commission Friday, Goldman Sachs said its board of directors approved a new share repurchase program to replace its existing one. The repurchase program has no set expiration or termination date.

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Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35

Bank of America Securities analyst Jason Kupferberg maintains an underperform rating on Coinbase (NASDAQ:COIN) and a $35 price target. The analyst told investors that while Coinbase’s fourth-quarter results beat expectations, its guidance for 2023 is very limited, and we think Wall Street may want more. The analyst said the themes in the earnings report had not changed and remained cautious, believing the company continued to face real headwinds, including regulatory issues, competition and a lack of diversity in revenue.

Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35 Read Post »

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