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Search resuls for: ". Credit Suisse"


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☆ Here are Monday's biggest analyst calls of the day: Apple, Amazon, Netflix, Kroger, SunPower & more
  + stars: | 2022-10-17 | by ( Michael Bloom | ) www.cnbc.com   time to read: +5 min
Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Apple as overweight Morgan Stanley named the tech giant as its top pick in a downturn. Cowen reiterates Amazon as outperform Cowen said shares remain attractive heading into earnings later this month. Morgan Stanley resumes Prologis as overweight Morgan Stanley resumed coverage of the supply chain logistics company and named it a top pick. Morgan Stanley upgrades Clorox to equal weight from underweight Morgan Stanley said in its upgrade of Clorox that it sees some earnings upside ahead of the company's earnings later this quarter. Oppenheimer reiterates Chipotle as outperform Oppenheimer says Chipotle is a "rarity" as the firm sees earnings upside among a deteriorating macro.
☆ What Cramer is watching Friday — Wells Fargo crushes it, bond yields sink on flat retail sales
  + stars: | 2022-10-14 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Club holding Wells Fargo (WFC): net interest margin (NIM) in the third quarter 2.83% versus 2.68% expected. Revenue $19.51 billion versus $18.81 billion. Net interest income (NII) in Q3 $12.1 billion versus $11.6 billion expected. Guidance for Q4 NII $12.9 billion versus $12.42 billion expected. Q3 net interest income reported: $17.52 billion versus consensus $16.92 billion.
☆ What Cramer is watching Thursday — hot inflation slams stocks, sends bond yields soaring
  + stars: | 2022-10-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Goldman Sachs starts Club holding Linde (LIN) with a buy rating and a $338 per share price target. This is an industrial secular grower and there are only a handful including Honeywell (HON), which is also a Club stock. But keeps outperform (buy) rating and $195 per share price target. Credit Suisse cuts Club holding Apple (AAPL) price target to $190 per share from $201. Citi downgrades American Express (AXP) to sell from neutral, cuts price target to $130 per share from $159.
☆ Here are Wednesday's biggest analyst calls of the day: AMC, Apple, Boeing, Amazon, Lyft, BJ's & more
  + stars: | 2022-10-12 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
UBS upgrades Norwegian to buy from hold UBS said it sees improved bookings for the cruise operator. Citi reiterates Apple as buy Citi said investor concerns about the company's upcoming earnings report later this month are overblown. " Credit Suisse initiates Boeing as underperform Credit Suisse said it's concerned Boeing has lost access to the China market. Bank of America reiterates Amazon as buy Bank of America said it still sees significant room for margin expansion for Amazon. Bank of America reiterates PayPal as buy Bank of America said PayPal is still a top pick and investors should buy the dip.
☆ How the wealthy use life insurance to escape estate tax and why the tactic is now attracting scrutiny
  + stars: | 2022-10-12 | by ( Jeffrey Cane | ) www.businessinsider.com   time to read: +5 min
I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.
☆ Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist
  + stars: | 2022-10-07 | by ( Elliot Smith | ) www.cnbc.com   time to read: +5 min
Signage hangs over the entrance of a Credit Suisse Group AG branch in Zurich, Switzerland, on Sunday, Sept. 25, 2022. Troubled bank Credit Suisse offered to buy back up to 3 billion Swiss francs ($3.03 billion) of debt securities Friday, as it navigates a plunging share price and a rise in bets against its debt. The offers on the debt securities will expire by Nov. 3 and Nov. 10, respectively. Credit Suisse shares were trading more than 7% higher following the news Friday, however they remain down around 50% year to date. Credit Suisse is the only major bank for which the curve has recently flattened," MSCI Research Executive Directors Gergely Szalka and Thomas Verbraken noted.
☆ Credit Suisse’s wayward debt is a bet for the bold
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 6 (Reuters Breakingviews) - Credit Suisse’s (CSGN.S) debt derivatives are still sending spooky signals, even though its equity is not. Yet its credit default swaps (CDS), contracts used to speculate on a company defaulting on its debt, are still bizarrely elevated, despite the absence of any bad news. Five-year swaps were trading at roughly 360 basis points on Thursday, compared with around 200 basis points in mid-September, according to Refinitiv data. Credit Suisse’s one-year CDSs, meanwhile, were quoted at around 600 basis points on Thursday morning, according to one trader. Investors willing to bet that Credit Suisse can survive would make handsome gains.
☆ What Cramer is watching Thursday — September to forget and dueling Apple notes
  + stars: | 2022-09-29 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Credit Suisse lowers price target on Club holding Constellation Brands (STZ) to $277 per share from $292, without any real reason. Citi cautious on Alibaba (BABA), cuts price target $146 per share from $159. Credit Suisse cuts Paychex (PAYX) price target to $138 per share 150, even though they raised the estimates. Starts with a buy and a $65 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Credit Suisse bankers are preparing for 'Uli the Knife' to carve up the investment bank.
  + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
It's a tense time for many insiders at Credit Suisse. One person told me it's a case of "rinse and repeat," as Credit Suisse undergoes its second strategic review in less than a year. Law firm sued Credit Suisse over claims it misled investors on business dealings related to Russian oligarchs. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. Under Chief Executive Ulrich Körner, Credit Suisse wants to transform its investment bank into a "capital-light, advisory-led banking business."
☆ Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett
  + stars: | 2022-09-23 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with "economic moats" could help investors shield their portfolios from increasing economic uncertainty. Credit Suisse identified bottom-up opportunities in companies that have high barriers to entry, just as macro risks rise. Credit Suisse has a $250 price target on the company, implying 11.9% upside from Wednesday's closing price of $223.41 per share. McDonald's is "well positioned" to perform regardless of the macro backdrop because of its leading value proposition, according to Credit Suisse.
☆ Gone are the days of chunky bonuses and salary increases. Wall Street's top brass are ready to trim their workforces as annual staff cuts return.
  + stars: | 2022-09-23 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
It's a shift from this time last year, when junior bankers scored significant pay bumps, dealmaking reached record-breaking highs, and investment bankers prepared themselves for some of the chunkiest bonuses they'd ever received. Per this story from Bloomberg, however, the layoffs should not be as severe as what Wall Street experienced after market crashes in 1987 and 2008. For many, the return of staff cuts is kind of a return to normalcy. Fabrice Coffrini/AFP via Getty Images2. Credit Suisse is planning on splitting its investment bank into three parts, according to the Financial Times. The US Securities and Exchange Commission will let Wall Street keep payment-for-order flow, per Bloomberg.
☆ What Cramer is watching Wednesday — Fed day, Putin escalation, oil stock optimism
  + stars: | 2022-09-21 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Buy Club holding Ford into any Fed weakness. Barclays downgrades Club holding and Dow stock Cisco Systems (CSCO) to equal weight from overweight (hold from buy). Wells Fargo cuts PT to $75 tom $90 but keeps overweight (buy) rating. However, BofA keeps buy rating on Visa. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ First Boston deserves a selective revival
  + stars: | 2022-09-20 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. By 2006, Credit Suisse First Boston was once again just Credit Suisse. Register now for FREE unlimited access to Reuters.com RegisterFor today’s Credit Suisse, anything that conveys renewed ambition is worth a try. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978. The Swiss bank took full control in 1990 after First Boston incurred large losses on loans it had made to clients.
☆ Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.
  + stars: | 2022-09-20 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
In January last year, the retailer said it was pursuing a partnership with venture-capital firm Ribbit Capital, which backed Robinhood. The next month, Walmart lured Omer Ismail and David Stark, two executives from Goldman Sachs' Marcus, over to work on a fintech initiative. Insider's Ann Gehan, Carter Johnson, and Ben Tobin have identified the key people shaping this effort at its fintech called ONE. Done deals :Acrisure, a fintech company that operates an insurance broker and real-estate services company, has acquired B2Z Insurance. Aditxt, a biotech company developing tech around monitoring the immune system, raised $20 million after selling 3.33 million shares on Nasdaq.
☆ What Cramer is watching Friday — FedEx's disaster, Street hates Adobe deal, Uber cyberattack
  + stars: | 2022-09-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
I wrote Thursday night about how this latest sell signal on Wall Street will hurt some stocks more than others. Downgrades and price cuts everywhere on Wall Street. CNBC's tech team says Silicon Valley loves the move, but clearly Wall Street does not. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Traders work during the opening bell at the New York Stock Exchange (NYSE) on Wall Street in New York City on August 16, 2022.
☆ What Cramer is watching Thursday — rail strike avoided, deluge of Club stock news, Putin-Xi meeting
  + stars: | 2022-09-15 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Humana (HUM) investor update meeting Thursday: much better than expected price targets: Full-year earnings per share $23.08, up from $20.30. Club holding Starbucks (SBUX): Deutsche Bank and Morgan Stanley raise price targets. Mizuho cuts price targets for Club holdings Nvidia (NVDA) and Advanced Micro Devices (AMD), because of a pending hypercomputing slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pay dispute between rail workers and unions threatens a nationwide freight rail strike as early as September 16, 2022.
☆ Starbucks soars after its investor day. Here's what Wall Street analysts had to say
  + stars: | 2022-09-14 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +10 min
BTIG Starbucks' investor day "lived up to expectations," according to BTIG analysts Peter Saleh and Ben Parente. Ivankoe noted that, in December 2016, Starbucks released a five-year strategic plan that called for annual EPS growth between 15% and 20%. "We think investors had also expected more conservative guidance to provide room for the incoming CEO and return to a beat & raise story," the analysts wrote. Wedbush Wedbush analysts Nick Setyan and Michael Symington were more muted in their reaction to Starbucks' investor day. China, a view that, to us, seems equally out of place given ongoing global macro headwinds," the analysts wrote.
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