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UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "
Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Fed pivot gives big banks more confidence in loaning, says Huntington Bancshares CEOHuntington Bancshares CEO Steve Steinour joins 'Power Lunch' to discuss the impact of Fed rate cuts on big banks and bank earnings.
Persons: Huntington, Steve Steinour Locations: loaning
Huntington Bank CEO on strong Q1 earnings
  + stars: | 2023-04-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuntington Bank CEO on strong Q1 earningsHuntington Bancshares CEO Steve Steinour joins 'Power Lunch' to discuss how Huntington Bank's business is doing, the company's loan growth, and more.
The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week. The Columbus, Ohio regional bank is scouring for more targets after it bought Torana, a payments fintech, in May. PNC Financial Services Inc (PNC.N) in September bought Linga, a fintech focused on restaurant operations and sales. The slide in fintech valuations coincides with banks earning more from traditional lending businesses as interest rates rise. Fintech deals enable banks to buy new technology or products instead of developing them in-house.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRising rates are slowing down certain businesses, says Huntington Bancshares CEOSteve Steinour, Huntington Bancshares CEO, joins CNBC's 'Squawk Box' to discuss what October's softer-than-expected inflation report means for the market.
Forget Big Banks. It pays to be smaller
  + stars: | 2022-10-24 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +5 min
That’s compared to a nearly 20% drop for the Financial Select Sector SPDR, which holds most of the big banks. So can regional banks continue to hold up well even as the Fed is expected to jack up interest rates even further? More big rate hikes are likely to lead to an even bigger jump in mortgage rates, which could put a major dent in the rapidly slowing housing market. Businesses more cautious and inflation not going away yetThat said, there are big risks that Steinour is monitoring. So we’re likely to see higher rates for a longer period of time.”Steinour said that big rate hikes may not feel great for consumers or small businesses.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuntington Bancshares beat earnings expectations on high net interest incomeSteve Steinour, Huntington Bancshares chairman, president and CEO, joins 'Power Lunch' to discuss how the bank is navigating the interest rate environment, what Steinour attributes the bank's loan growth to and more.
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