Deutsche Bank shares fall 9% after default insurance costs suddenly spike

A logo is displayed above the headquarters of Deutsche Bank in the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank Shares were down more than 9% in early trade on Friday after credit default swaps spiked late Thursday as concerns about the stability of European banks persisted. Shares … Read more

Swiss claim U.S. banking crisis finally toppled Credit Suisse

Credit Suisse Chairman Axel Lehmann, UBS Chairman Colm Kelleher, Swiss Finance Minister Karin Keller-Sutter, Swiss President Alain Berset, Swiss National Bank (SNB) President Thomas Jordan, Marlene Amstad, March 19, 2023 The chairman of the Swiss Financial Market Supervisory Authority (FINMA), from left to right, during a news conference in Bern, Switzerland, on Sunday. Pascal Mora … Read more

Citi cites possible First Republic outcomes after banking crisis

The path forward for First Republic after this month’s banking crisis remains unclear, but Citigroup has identified some possible scenarios for the struggling San Francisco lender. Citi analyst Arren Cyganovich withdrew his Neutral rating, old $132 price target and his financial estimates for First Republic, saying the stock now has a “under review” rating. While … Read more

Barclays says the mall operator could rebound 20% thanks to its high-income customers

According to Barclays, it’s time to buy shares of mall operator Regency Centers. Analyst Anthony F. Powell upgraded the stock to overweight from equal weight, saying the mall REIT is at an attractive entry point given its compelling growth and demographics . “We upgrade Regency to Overweight following the recent volatility in REITs. Grocery-based mall … Read more

BMO says this little-known biotech stock developing a blood disease treatment could rise 80%

According to BMO Capital Markets, investors should take a closer look at Disc Medicine because it is developing treatments for blood disorders. Analyst Evan David Seigerman initiated Disc Medicine with an outperform rating and a $40 price target, saying that the company’s bitopertin appears promising for the treatment of erythropoietic porphyria and other blood disorders. … Read more

Oppenheimer Downgrades COIN, Citing ‘Unhealthy Regulatory Environment’ After Wells Notice

According to Oppenheimer, it’s time to take a sideline at Coinbase Global. Analyst Owen Lau downgraded the cryptocurrency trading platform from outperform and removed his $70 price target, citing disturbing regulation in the digital asset industry following the collapse of Silicon Valley Bank and Signature Bank, among others. Signal. The downgrade comes after the SEC … Read more

Financial instability top market risk: Wells Fargo

A major Wall Street firm cited financial instability, not inflation, as the biggest economic risk for the next three months. in subsequent interviews Fed hikes rates by 25 basis pointsMichael Schumacher of Wells Fargo Securities said policymakers were underestimating how quickly tighter credit conditions could hurt the economy. The firm’s head of macro strategy told … Read more

Fed expects only one rate hike this year

Federal Reserve Building, Washington, DC Lance Nelson | Image Bank | Getty Images The Fed will hike rates one more time in 2023 before the central bank ends its war on inflation, according to the median forecast released Wednesday. The Fed left its “terminal rate,” the rate at which its benchmark federal funds rate will … Read more

On Holding could become $1 billion sports brand: Credit Suisse

Credit Suisse says it’s time for investors to buy On Holding before it becomes the next billion-dollar athletic brand. Analyst Michael Binetti raised his price target on the stock and maintained an outperform rating after the company reported its latest quarterly results. On Holding topped fourth-quarter revenue estimates, according to the FactSet consensus, and issued … Read more

Piper Sandler’s in-depth analysis on banks says buy on dips

The effects of the ongoing banking crisis will take some time to emerge, but Piper Sandler has names for investors to start sorting through the wreckage. Recent comments from Treasury Secretary Janet Yellen pledging further government support if needed added to investor optimism despite turmoil following the Silicon Valley bank collapse. Stocks were higher on … Read more