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Top related persons:
Morgan Stanley - 1 Brandon Berman - 1
Top related locs:
Netherlands Europe Americas
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U.S - 1 Bank of America - 1 Semiconductors - 1 Builders - 1 United Rentals - 1 Autodesk - 1 financials Citigroup - 1 Blackstone - 1

Search resuls for: "Brandon Berman"


4 mentions found


☆ Stocks to buy once election results are clear and volatility eases, according to Bank of America
  + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +3 min
Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the Cboe Volatility Index , known as Wall Street's "fear gauge," crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday. To react to this scenario, Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share prices. Morgan Stanley revised its 2024-25 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.
Persons: Morgan Stanley, Brandon Berman Organizations: U.S, Bank of America, Semiconductors, Builders, United Rentals, Autodesk, financials Citigroup, Blackstone, Citigroup Locations: Netherlands, Europe, Americas
☆ Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
  + stars: | 2023-01-06 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
BofA downgraded Silvergate Capital on Friday and said it sees another 35% downside for the crypto-focused bank. Silvergate shares plunged Thursday after it was revealed customers withdrew billions in deposits. BofA whittled down its price objective on Silvergate by 78% to $8 a share from $37. "Silvergate's preliminary 4Q22 results introduced a new overhang on the stock: negative earnings growth," Bank of America analyst Brandon Berman wrote in a note published Friday. It now sees those earnings coming in at $0.67 and $0.90, respectively, primarily reflecting a 50% reduction to its revenue growth forecast.
☆ Bank of America double-downgrades Ally Financial, cites deteriorating macro climate
  + stars: | 2023-01-05 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Bank of America thinks it's time to sell Ally Financial as the company faces slowing loan demand and a troublesome macro picture. Shares shed more than 3% in the premarket after analyst Brandon Berman double-downgraded the stock to underperform from buy, saying that macro factors will weigh on fundamentals in the near term. Competitive deposit rate offers could also bring earnings per share below the $4 level, Berman wrote. The new target suggests shares remain range bound near term after selling off nearly 49% in 2022. "We expect bank stocks to outperform pure-play lenders in the current economic backdrop, at least until investors feel confident downward EPS revisions have bottomed out," Berman wrote.
☆ Bank of America downgrades Silvergate as latest crypto shakeup gives market a 'black eye'
  + stars: | 2022-11-10 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
The latest turmoil in crypto could hurt Silvergate Capital as investors lose confidence in the bank's chances of getting a stablecoin approved, according to Bank of America. Analyst Brandon Berman downgraded the crypto bank stock to neutral from buy and lowered his price target to $37 from $72. Berman said SIlvergate launching a stablecoin is a key part of his optimism about the stock. Berman said institutional clients could move deposits from FTX to Silvergate or a competitor. He said SIlvergate is not expected to incur loan losses or forced liquidations from the move or other major events in the crypto world.
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