Banking industry
A slew of downgrades swept across the market on September 22, 2015, with 22 stocks facing decreased optimism from top financial analysts. The list of downgraded companies includes some heavy hitters, covering a range of industries and sectors. Key Takeaways: * JPMorgan downgraded ABB (ABB) to Underweight from Neutral, citing concerns
Banking industry
Today's notable upgrades from top analyst firms demonstrate a consensus among market experts in favor of several stocks across various industries. AerCap, a global aircraft lessor, was upgraded to Buy from Neutral at BofA/Merrill due to its strong financial position and robust growth prospects. Allstate, a leading
Banking industry
The PGA Tour and European Tour are preparing for their respective playoffs and team matches, with the BMW Championship, Solheim Cup, and Italian Open top of the agenda. The BMW Championship, taking place at Conway Farms Golf Club in Lake Forest, features a purse of $8.25 million, with the
Banking industry
Verint Systems Inc. has announced its participation in two upcoming investor conferences: the Deutsche Bank Technology Conference and Credit Suisse's 5th Annual U.S. Small & Mid Cap Conference. The company will present its solutions and outlook to investors and analysts, highlighting its leadership in Actionable Intelligence and
Banking industry
Regulators are intensifying their oversight of the US Treasury market, with the New York State Department of Financial Services (DFS) sending letters to major banks, including Barclays, Deutsche Bank, Goldman Sachs, and others, seeking information on potential manipulation. This move comes as the sector faces growing scrutiny, with the US
Banking industry
Today, a number of upgrades were issued by financial analysts across various industries, resulting in a total of 17 stocks receiving a boost in their ratings. JPMorgan, Citi, HSBC, and other major financial firms issued upgrades to companies in the tech, healthcare, and consumer goods sectors, among others. Key Takeaways:
Banking industry
Akamai Technologies, a cloud services provider that enables customers to distribute content across a network of servers, has seen its price target raised to $80 by Deutsche Bank. As a cloud services provider, Akamai has served major companies such as Apple, Facebook, Twitter, and eBay, and Deutsche Bank sees a
Banking industry
The S&P 500, Dow Jones Industrial Average, and Nasdaq futures posted significant gains on Wednesday, with stock futures rebounding after durable goods orders in July posted a surprise increase of 2%. This was contrary to economists' predictions of a 0.6% decrease. The People's Bank
Banking industry
China's central bank reduced interest rates and slashed the amount of money banks need to hold in reserve, sparking a rebound in Asian shares and a rush of optimism that Beijing can steer the world's second-largest economy away from a hard landing. The measures aim to
Banking industry
The Indian government's Indradhanush initiative aims to revitalize the country's banking sector, weeding out corruption and promoting professional boards. The bank leaders profiled here have the potential to drive change, each with distinct strengths and challenges. Key Takeaways: * Melwyn Rego, CEO & MD of Bank of
Banking industry
Bandhan Bank, the newest bank in the country, has introduced an interest rate of 4.25% per annum for savings account customers with balances below Rs.1 lakh. Despite the Reserve Bank of India's deregulation of savings account deposit rates in October 2011, major banks continue to offer
Banking industry
Concerns over China's recent devaluation of its currency are driving investors to turn to gold as a safe-haven asset, causing gold prices to rise for the fifth consecutive day. Goldcorp, a Vancouver-based gold producer, is trading up 5.4% on Wednesday as gold futures for December delivery rise
