Macquarie’s Bear Call On U.S. Banks Just Got Worse
Macquarie has dialed back its below-consensus earnings expectations for U.S. banks as the challenging banking environment continues to persist.
Macquarie has dialed back its below-consensus earnings expectations for U.S. banks as the challenging banking environment continues to persist.
Tesla Motors Inc TSLA 2.77% shares surged on Friday after last night’s highly-anticipated unveiling of the new Model 3. Here’s a rundown of what people are saying about Tesla’s first attempted venture into the mass automobile market.
According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of February came in at 17.9 billion patacas, about 16.3 percent lower than February 2016’s number.
For investors that love fine art but can’t afford the lofty prices associated with buying and selling top pieces, Takung Art Co Ltd TKAT 3% could have the solution. Takung acquires Asian fine art, jewelry and precious gems, appraises the items based on current market value, divides the pieces into equal ownership units and then…
Bank of America analyst Ebrahim Poonawala recently took an in-depth look at potential buyout targets in the banking space. Bank of America’s M&A Scorecard ranks potential buyout targets based on thirteen different criteria, including social factors, bud triggers and sell triggers.
A pair of top Wall Street firms aren’t on the same page when it comes to the outlook for Valeant Pharmaceuticals Intl Inc VRX 5.18% senior notes. In a March 21 report, Citi analyst Murali Ganti said that the resignation of CEO Michael Pearson and the addition of Bill Ackman to the board of directors…
After an early-2016 swoon, the S&P 500 has now fully recovered and will likely finish Q1 up about 1 percent. However, not all stocks enjoyed such a nice bounce off of February lows.
Shares of Rackspace Hosting, Inc. RAX 0.8% surged more than 5.2 percent this week on rumors the company may be drawing buyout interest. CLSA analyst Louis Miscioscia is not convinced, however, and believes that a buyout wouldn’t make a lot of sense.
Despite a 61.7 percent selloff in the past year, Redstone analyst Jagadish Iyer believes Micron Technology, Inc. MU 2% is still facing some stiff headwinds. Micron’s most recent quarterly earnings report included weak revenue on a 9.0 percent quarter-over-quarter decline in DRAM, a 10.0 percent quarter-over-quarter decline in pricing and a 1.0 percent uptick in…
This year certainly has been a strange one so far for the U.S. stock market. Thursday marks the end of a volatile Q1, which started out looking like it could be one of the worst quarters for the market in recent history. By mid-February, the S&P 500 was down more than 10 percent on the…