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☆ We're raising our price target on Honeywell and adding another stock to the Bullpen
▼ + stars: | 2024-10-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Price target update: There are a bunch of stocks in the portfolio currently brushing up against our price targets. One stock, Meta Platforms , is currently exceeding our price target. Honeywell's latest portfolio optimization move is a catalyst for why the stock should trade higher, and as a result, we are increasing our price target to $235 from $225. Previously we've struggled with the idea of owning both Palo Alto Networks and CrowdStrike at the same time in a 30-something stock portfolio for diversification reasons. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Banks, Price, We've, we'll, We'll, CrowdStrike, we've, it's, Morgan Stanley, Jim Cramer's, Jim, Michael Nagle Organizations: CNBC, JPMorgan, Honeywell, Palo Alto Networks, Networks, Abbott Laboratories, Jim Cramer's Charitable, CrowdStrike, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, BlackRock, Blackrock, Palo, China

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Ferrari, Meta, Amazon, Eli Lilly, Walmart, Uber & more
▼ + stars: | 2024-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs reiterates Nvidia as buy Goldman raised its price target to $150 per share from $135 following a series of Nvidia management meetings. Morgan Stanley names Atlassian a top pick Morgan Stanley named Atlassian a top idea and says the software company is well positioned for share gains. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,158 per share from $1,106. JPMorgan reiterates Amazon, Uber and Meta as top picks JPMorgan said in a note on Friday that Amazon, Uber and Meta were the firm's top three picks heading into earnings. JPMorgan upgrades Ferrari to overweight from neutral The firm says it's more constructive on the luxury automaker following a series of management meetings.

Persons: Wells, Redburn, Mercado, Morgan Stanley downgrades Qorvo, Morgan Stanley, Goldman Sachs, Goldman, Jensen Huang, Colette Kress, Stewart Stecker, Atlassian, Eli Lilly, LLY, Mizuho downgrades Mobileye, Kinder Morgan, it's bullish, Benedetto Vigna, Investor Relations Aldo Benetti, Tesla, Guggenheim Organizations: Bank of America, Broadcom, TAM, UBS, Devices, Mercado Libre, Nvidia, Pharma, Mizuho, JPMorgan, Meta, of America, Ferrari, Investor Relations, Netflix, Guggenheim, Walmart Locations: America, OW, China

☆ Stock market next week: Earnings season ramps up with more big bank results
▼ + stars: | 2024-10-11 | by ( Sarah Min | Nicole Teo | ) www.cnbc.com time to read: +6 min

And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.

Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB

☆ Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
▼ + stars: | 2024-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. However, the bank's revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%.

Persons: Wells, JPMorgan Chase, Tesla, underwhelmed, Carlos Tavares, Flywire, Mobileye, Morgan Stanley, Kinder Morgan, Ferrari, Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li, Sean Conlon Organizations: LSEG, JPMorgan, Revenue, Bank of America, BlackRock, Mizuho, Bank of Locations: San Francisco, Wells, Flywire, Atlassian, China

☆ Goldman's favorite trades for the upcoming earnings season
▼ + stars: | 2024-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

"This rise in nervousness has increased the potential for relief rallies for stocks on their respective earnings events." Analysts expect an earnings growth rate for the S & P 500 of 4.2% in the third quarter, per FactSet data, which would represent a fifth-straight period of year-over-year growth. Here's a look at some of Goldman's top trade ideas heading into earnings season. GAP YTD mountain Gap stock. NVDA YTD mountain Nvidia stock.

Persons: Goldman Sachs, John Marshall, Goldman, Wells Fargo, Brooke Roach, Toshiya Hari, Hari Organizations: JPMorgan Chase, Old Navy, GAP, Nvidia, Broadcom, Boston Scientific

☆ Earnings growth should continue to drive the S&P 500, says UBS
▼ + stars: | 2024-10-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The S & P 500 touched a record in early trading and was headed for its fifth-straight winning week. Excluding the energy sector, S & P 500 profit growth should be 8-10%," the bank wrote in a note to clients. "Many of these companies are benefiting from continued strong growth in AI investment spending and monetization," UBS added. "In aggregate, the Magnificent 7 will account for 21% of S & P 500 profits in 2024 and closer to 25% in 2025." The bank sees the S & P 500 climbing to 5,900 by year end and 6,200 by June 2025.

Persons: Banks, Wells Organizations: UBS, Investors, JPMorgan Chase, Federal Reserve Locations: Wells Fargo, BlackRock

☆ Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo posts lower earnings and revenue amid an 11% decline in net interest incomeCNBC's Leslie Picker reports on the bank's quarterly earnings results.

Persons: Leslie Picker

☆ Wells Fargo shares jump after earnings top Wall Street expectations
▼ + stars: | 2024-10-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. The better-than-expected earnings came even with a sizeable decline in net interest income, a key measure of what a bank makes on lending. "Our revenue sources are more diverse and fee-based revenue grew 16% during the first nine months of the year, largely offsetting net interest income headwinds." Wells saw net income fall to $5.11 billion, or $1.42 per share, in the third quarter, from $5.77 billion, or $1.48 per share, during the same quarter a year ago. The net income includes $447 million, or 10 cents a share, in losses on debt securities, the company said.

Persons: Wells, Charles Scharf Organizations: LSEG Locations: Wells Fargo, San Francisco

☆ We're adding a new Bullpen stock, and it's a financial Cramer has had his eye on
▼ + stars: | 2024-10-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. In addition to BlackRock, Club name Wells Fargo was among the companies that delivered strong results. Jim Cramer said Friday he knows the stock has run a lot, "but that doesn't mean it can't run more." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, We've, Larry Fink, Fink, Wells Fargo, Morgan Stanley, It's, Jim, Wells, Jim Cramer's, Michael M Organizations: BlackRock, Management, CNBC, Global Infrastructure Partners, Federal Reserve, Club, New York Times, Santiago, Getty Locations: BlackRock, New York City

☆ We're hiking our Wells Fargo price target after the stock surged on earnings
▼ + stars: | 2024-10-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wells Fargo reported results before Friday's opening bell. WFC YTD mountain Wells Fargo YTD Shares of Wells Fargo surged 6% on the release to more than $61. Wells Fargo Why we own it : We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. We come away from the call feeling good not only about Wells Fargo's setup for next year. A resurgence in Wall Street dealmaking — both mergers and acquisitions and initial public offerings — will benefit Wells Fargo.

Persons: Wells, Wells Fargo, That's, Charlie Scharf, He's, Scharf, Charles Scharf, we've, Morgan Stanley, NII, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Wells, Federal Reserve, Bank of America, Citigroup, buybacks, Management, CNBC Locations: LSEG, Wells, Wells Fargo, reinvest, U.S, NII

☆ Bank profitability comes into focus in Q3
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank profitability comes into focus in Q3CNBC's Leslie Picker reports on the takeaways from Wells Fargo earnings report.

Persons: Leslie Picker Organizations: Bank Locations: Wells Fargo

☆ TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties
▼ + stars: | 2024-10-10 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Politics For Cnbc.Com. | ) www.nbcnews.com time to read: +6 min

The total assets of TD Bank’s two U.S. banking subsidiaries will be barred from exceeding $434 billion under that restriction. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first US bank in history to plead guilty to conspiracy to commit money laundering,” Garland said. “TD Bank chose profits over compliance with the law — a decision that is now costing the bank billions of dollars in penalties. “In August 2021, a TD Bank store manager emailed another store manager and remarked, quote, ‘You guys really need to shut this down. “This settlement lets bad bank executives off the hook for allowing TD Bank to be used as a criminal slush fund.

Persons: ”, General Merrick Garland, ” Garland, “, Garland, David, Lol, ’ ” Garland, ‘, FinCEN, Wally Adeyemo, ” Adeymo, ” Sen, Elizabeth Warren, ” Warren, Bharat Masrani, ” Masrani Organizations: Bank, Department of Justice, TD Bank, Currency, Federal Reserve, “, Washington , D.C, DOJ, Treasury, Enforcement Network, FinCEN, Street, CNBC, of Justice, Consumer Financial, Bureau Locations: U.S, Wells Fargo, Washington ,, Newark , New Jersey, United States, Canada, “

☆ TD Bank expected to pay $3 billion in fines and limit growth in DOJ settlement: Report
▼ + stars: | 2024-10-10 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

A TD bank stands in Brooklyn on June 04, 2024 in New York City. TD Bank is reportedly expected to pay a whopping $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe over its alleged failure to monitor money laundering by drug cartels. TD Bank, whose U.S. unit is the 10th-largest American bank by assets, is also set to accept limits on its growth as part of the settlement, according to the report by The Wall Street Journal on Wednesday night. The reported restrictions on TD Bank's growth would be similar to those imposed by the Federal Reserve on Wells Fargo in 2018 over what the Fed called "widespread consumer abuses" at that bank. TD Bank shares were down more than 3% midday Thursday.

Organizations: Bank, Department of Justice, TD Bank, Wall, Federal Reserve Locations: Brooklyn, New York City, U.S, Wells Fargo

☆ Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. The move brings his holdings down to 775 million shares, or a stake of about 9.987%. Since the holding is now under the key 10% threshold, Berkshire is no longer required to report its related transactions in a timely manner. The next 13F filing in mid-November will only reveal Berkshire's equity holdings as of the end of September. Bank of America CEO Brian Moynihan previously said the market is absorbing the stock, aided by the bank's own repurchasing.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, Omaha's, Brian Moynihan, Goldman Sachs, Wells, It's, digitalization, fintech Organizations: Berkshire, Bank of America, U.S . Securities, Exchange Commission, SEC, JPMorgan, U.S . Bancorp Locations: Omaha , Nebraska, Bank, Berkshire, Wells Fargo, U.S

☆ TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

TD Bank shares fell 8% after it pleaded guilty to anti-money-laundering charges and agreed to pay a $3 billion fine. The charges involved a scheme by Chinese cartels bribing TD employees at bank branches in New York and New Jersey. The penalty is the largest ever anti-money laundering fine imposed on a bank by US officials. The bank cannot grow past its current $370 billion in asset size for as long as the asset cap is in place. The charges stem from an investigation that revealed TD Bank didn't have proper anti-money laundering practices in place.

Persons: —, Wells Fargo, Michael Hsu, FinCEN, Bharat Masrani, Masrani Organizations: Bank, Service, TD Bank, HSBC, Department of Justice, Federal Reserve, OCC Locations: New York, New Jersey, Canada

☆ Here's the inflation breakdown for September 2024 — in one chart
▼ + stars: | 2024-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Prices fall at the gas pumpAnnual food inflation is 'fairly tame'Frederic J. "What happens there can really move the dial when it comes to overall inflation and core inflation." CPI shelter inflation — which includes rental prices and an equivalent measure for homeowners — has gradually declined but remained stubbornly high. In September, shelter inflation throttled back on a monthly basis, to 0.2% from 0.5% in August. "Shelter inflation is now definitively moderating," Zandi said.

Persons: David Paul Morris, It's, Mark Zandi, Zandi, Sarah House, Frederic J, Brown, —, That's, that's Organizations: Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, U.S . Federal Reserve, AFP, CPI Locations: Wells Fargo

☆ Bad time for investors to take risks, says Wells Fargo's Macro Strategy Head
▼ + stars: | 2024-10-10 | 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 EmailBad time for investors to take risks, says Wells Fargo's Macro Strategy HeadMichael Schumacher, Wells Fargo Securities Head of Macro Strategy, joins 'Fast Money' to talk the market's reaction to today's CPI print.

Persons: Wells, Michael Schumacher Organizations: Wells, Wells Fargo Securities, Macro, CPI Locations: Wells Fargo

☆ These cheap stocks are outperforming, and analysts give 5 more than 20% upside
▼ + stars: | 2024-10-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Markets just keep rallying this year, with the S & P 500 up nearly 22% year-to-date and the Nasdaq jumping around 21%. In global stocks, the MSCI World index is around 16% higher. Meanwhile, recent data indicates that the U.S. Federal Reserve could be close to pulling off the much-discussed economic soft landing . With markets already running high, CNBC Pro screened for global stocks that have outperformed the MSCI World index, but still look cheap based on their forward price-to-earnings ratios. Returns of more than 16% so far this year, beating the MSCI World index.

Persons: Goldman Sachs, Morgan Stanley, Mary Ann Bartels Organizations: Nasdaq, Fed, U.S . Federal, CNBC Pro Locations: Wells Fargo

☆ Jim Cramer looks at a buy level for this industrial AI play, says be patient on Costco
▼ + stars: | 2024-10-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their "eye on the prize." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Eaton, he's, he'd, Hurricane Helene, Stocks, Jim Cramer's, DOV Organizations: CNBC, Wells, JPMorgan, Honeywell, Costco, Delta Air Lines, Nike, Pfizer, DD Locations: Dupont, Dover, U.S

☆ Stock futures are flat as traders await another inflation reading, big bank earnings: Live updates
▼ + stars: | 2024-10-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City. Stock futures were little changed on Thursday evening, as investors looked ahead to a wholesale inflation reading and quarterly results from major banks. Futures tied to the S&P 500 inched higher by 0.08%, while Nasdaq 100 futures hovered just below the flatline. September's consumer price index rose 0.2% on a monthly basis and 2.4% from a year earlier. The S&P 500 is up 0.5% week to date, while the Dow is toting a 0.2% gain.

Persons: Dow Jones, Preston Caldwell, Wells Organizations: New York Stock Exchange, Stock, Futures, Nasdaq, Dow Jones, Dow, Federal Reserve, Morningstar, JPMorgan Chase Locations: New York City

☆ Jim Cramer says AMD's slide could be an opportunity — plus, a defense of Salesforce
▼ + stars: | 2024-10-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 's record close set Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Salesforce, Piper Sandler, Laggard, Analysts, It's, Piper, Salesforce's, Lisa Su, Su, Jim, Jim Cramer's Organizations: CNBC, ., CRM, Nvidia, AMD, AMD's, UBS, Broadcom, JPMorgan Chase, BlackRock, Bank of New York Mellon, PPI, Jim Cramer's Charitable Locations: China, Wells Fargo

☆ Elon Musk is about to reveal Tesla's Robotaxi. Uber and Lyft should be nervous.
▼ + stars: | 2024-10-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Tesla is expected to unveil a new service at its Robotaxi event that will impact Uber and Lyft. The ride-hailing industry has so far been dominated by two major players — Uber and Lyft — and Gawrelski said Tesla's Robotaxi could mark a new challenger jockeying for market share. Uber, Lyft, and Tesla did not immediately respond to a request for comment. Ives said Tesla's Robotaxi event will be a historical day for the auto industry — and it will pressure Uber to seek out more partnerships. In September, Waymo announced that its Waymo One ride-hailing service would be available to users in Austin and Atlanta exclusively through the Uber app.

Persons: Tesla, Uber, —, Elon Musk's, Musk, There's, Wells, Ken Gawrelski, Gawrelski, there's, Morgan Stanley, — Uber, Lyft, Tesla's, jockeying, he's, Wolfe, Shweta Khajuria, Robotaxis, Khajuria, Waymo, Dan Ives, Ives, FSD, Cruise, Dara Khosrowshahi, Khosrowshahi Organizations: Service, Hollywood, Elon, Wolfe Research, EV, Los Angeles, Starbucks Locations: Austin, Atlanta, San Francisco, Phoenix, Los

☆ What investors are watching Wednesday: Earnings plays and a catch-up trade in transports
▼ + stars: | 2024-10-09 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Worldwide Exchange Word of the Day: Earnings Stephanie Link of Hightower believes Q3 earnings will be better than LSEG estimates of a 5% increase year over year; seeing potential for an 8-10% increase. "This gives it some room to outperform in the final quarter," Baruch said on Worldwide Exchange. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers.

Persons: Stephanie Link, Hightower, Bill Baruch, Baruch, Wells Fargo Organizations: PRO, Worldwide, Federal Reserve, Atlanta Fed, Blue, Wolfe Research, Dow Transports, Dow Jones Transportation, Citi, Logistics

☆ Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
▼ + stars: | 2024-10-09 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +18 min

For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.

Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan

Meanwhile, Jefferies began coverage of Reddit with a buy rating and a price target of $90. Champine said the Federal Reserve lowering interest rates was a driving force for the price target changes. Analyst William Kerr initiated coverage of the pet ecommerce retailer with a buy rating and $38 price target. RBLX YTD mountain RBLX in 2024 — Alex Harring 5:50 a.m.: Citi says UPS is a buy Buy the dip on UPS shares, according to Citi. Analyst Ariel Rosa initiated the delivery giant with a buy rating and a price target of $162.

Persons: Jefferies, Laura Champine, Champine, Helene, Milton, Lowe's, — Alex Harring, Piper Sandler downgrades Blackstone Piper Sandler, Crispin Love, Love, Blackstone, Morgan Stanley, Sanjit Singh, Singh, Alex Harring, TD Cowen, William Kerr, Kerr, Benjamin Soff, Soff, Ken Gawrelski, Gawrelski, Roblox, Ariel Rosa, Rosa, — Fred Imbert, John Colantuoni, Colantuoni, EBITDA Organizations: CNBC, Wednesday, Citi, UPS, Capital, Federal Reserve, Blackstone, Industry, Deutsche Bank, New York Times, Amazon Logistics, Walmart Locations: Wells, China, Tuesday's

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