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Search resuls for: "Janney Montgomery Scott"


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☆ Stocks dip while U.S. crude gains on China hopes
  + stars: | 2022-11-29 | by ( Sinéad Carew Tom Wilson | Sinéad Carew | Tom Wilson | ) www.reuters.com   time to read: +4 min
[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. The pan-European STOXX 600 index (.STOXX) closed down 0.13% while MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.09%. "It's going to be a busy second half of the week with all the data points we're expecting. Oil prices climbed on hopes for a relaxation of China's strict COVID-19 controls, which had fueled demand concerns. Gold prices rose with help from the dollar's retreat and hopes for less aggressive U.S. rate hikes going forward.
☆ Stock market bottom will be determined by recession aversion, says Janney Montgomery Scott's Luschini
  + stars: | 2022-11-11 | 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 EmailStock market bottom will be determined by recession aversion, says Janney Montgomery Scott's LuschiniMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss if equity markets have hit their bottom, where he would put discretionary dollars to work and more.
☆ Analysis: Cracks appear in Credit Suisse comeback plans
  + stars: | 2022-10-28 | by ( Noele Illien John O'Donnell Davide Barbuscia | Noele Illien | John O'Donnell | ) www.reuters.com   time to read: +6 min
ZURICH/NEW YORK, Oct 28 (Reuters) - After months of reflecting, Credit Suisse's chairman Axel Lehmann revealed an overhaul "to rebuild Credit Suisse as a strong ... bank with a firm foundation, rock-solid like our Swiss mountains". On Thursday, Credit Suisse outlined plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients. Credit Suisse said its clients pulled funds in recent weeks at a pace that led the lender to breach some regulatory requirements for liquidity, underscoring the deep impact of wild market swings and social media speculation about its health. It will separate its investment bank to create CS First Boston, focused on advisory work such as mergers and acquisitions and arranging deals on capital markets. And that's the pond that Credit Suisse is swimming in."
☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
  + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.
☆ Goldman to merge investment banking, trading as Marcus takes backseat
  + stars: | 2022-10-18 | by ( Saeed Azhar | Lananh Nguyen | ) www.reuters.com   time to read: +4 min
The group’s reorganization sees its investment banking and trading businesses merged into a single unit, two people familiar with the matter told Reuters. It is the biggest shakeup since the company’s investor day in early 2020 when it outlined plans for four core units: investment banking, global markets, consumer and wealth management and asset management. “They’re excellent at trading, excellent (at) investment banking,” said Marinac. But the consumer banking unit that launched in 2016 has struggled to gain traction and suffered from delays. The combined investment banking and trading group will be overseen by Dan Dees and Jim Esposito, who are currently global co-heads of Goldman’s investment banking division, and Ashok Varadhan, now co-head of its global markets division, according to Bloomberg.
☆ Wall Street banks' profits slide as economic clouds loom, some beat forecasts
  + stars: | 2022-10-14 | by ( Saeed Azhar Noor Zainab Hussain Niket Nishant | Saeed Azhar | Noor Zainab Hussain | ) www.reuters.com   time to read: +6 min
REUTERS/Andrew KellyOct 14 (Reuters) - Profits slid at Wall Street's biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. Banks set aside more money in preparation for a hit from a potential economic slowdown. Marinac said investors would want to see banks build reserves at this point in the economic cycle. Morgan Stanley's earnings showed that investment banking revenue more than halved to $1.3 billion with declines across the bank's advisory, equity and fixed income segments. Corporations' interest in mergers, acquisitions and initial public offerings dried up, particularly hitting banks strong in investment banking.
☆ Janney Montgomery Scott's Mark Luschini urges near-term caution
  + stars: | 2022-10-12 | 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 EmailJanney Montgomery Scott's Mark Luschini urges near-term cautionMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss September's Fed minutes, cautious sectors to invest in, and forces influencing defensive stock prices.
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