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Top related persons:
XRP - 1 Peter Christiansen - 1 Bank of America's Jason Kupferberg - 1 Kupferberg - 1 Christiansen - 1 Michael Bloom - 1
Top related locs:
Southern of New York Cancun
Top related orgs:
of - 1 Citi - 1 Bank of America's - 1 SEC - 1 Coinbase - 1 Bank of America - 1 America's - 1

Search resuls for: "Bank of America's Jason Kupferberg"


4 mentions found


☆ Don't chase the Coinbase rally as regulatory risks still linger, analysts warn
  + stars: | 2023-07-25 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Investors shouldn't chase the Coinbase rally that was sparked by a pop in crypto asset XRP due to a partial legal win in federal court, analysts warned. The judge also ruled that Ripple violated securities laws when selling XRP to institutions but not to retail investors. However, some analysts noted investors should stay cautious around Coinbase for a little while longer. Despite the ways Coinbase and the crypto industry can benefit from the ruling, the dark cloud of regulatory uncertainty hasn't gone away yet. He added that although the ruling is positive, it's "not a Panacea" for Coinbase.
Persons: XRP, Peter Christiansen, Bank of America's Jason Kupferberg, Kupferberg, Christiansen, Michael Bloom Organizations: of, Citi, Bank of America's, SEC, Coinbase, Bank of America, America's Locations: Southern, of New York, Cancun
☆ Analysts call Coinbase's ongoing regulatory battles a 'major roadblock,' say long-term outlook looks uncertain
  + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Despite Coinbase Global 's better-than-expected quarter , many analysts remain cautious on the crypto exchange's longer-term outlook, viewing the regulatory and legal backdrop as a major obstacle for shares. But even with this seemingly intact near-term outlook, Wells Fargo's Jeff Cantwell warned that both the medium and long-term trajectory appears constrained, calling the regulatory backdrop a "major roadblock." COIN 1D mountain Coinbase shares pop on earnings Cantwell reiterated an underweight rating on the stock. An uncertain regulatory outlook One of the biggest concerns for analysts is the uncertain regulatory environment for the company. Nance has a sell rating on Coinbase shares.
☆ There's 'nothing thesis-changing' about Coinbase despite fourth-quarter beat, some Wall Street firms say
  + stars: | 2023-02-22 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
The outlook for Coinbase changed little even after it beat analyst expectations in the latest quarter, some Wall Street firms say. Coinbase reported a loss of $2.46 per share on revenue of $629 million. Meanwhile, the firm's user base fell to 8.3 million monthly transacting users (MTUs) in the fourth quarter, down from 8.5 million in the previous quarter and the 8.22 million Street estimate compiled by StreetAccount. Bank of America's Jason Kupferberg was underwhelmed by the results, saying that there was "nothing thesis-changing in the print" despite the solid results. EBITDA beat was helped by lower opex.
☆ Coinbase shares tumble as bitcoin slide continues, investors fear contagion from FTX collapse
  + stars: | 2022-11-21 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +3 min
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Coinbase shares fell more than 8% Monday, extending a slide that's pushed the crypto exchange to its lowest point since its market debut in April 2021. The drop comes as bitcoin's slump continues and investors worry about contagion from FTX's spectacular collapse earlier this month. In June, the crypto exchange slashed 18% of its workforce. WATCH: CNBC's full interview with Coinbase CEO Brian Armstrong
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