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UBS Acquisition of Credit Suisse: Bye Bye AT1 Investors, Anxiety Builds Among Banks' Subordinated Bondholders
Monday, March 20, 2023 - 10:58am | 887UBS Group AG's (NYSE: UBS) takeover of Credit Suisse Group AG (NYSE: CBS) has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. On Sunday, the Swiss government used its...
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UBS In Talks To Acquire Credit Suisse, BlackRock Denies Takeover Bid
Saturday, March 18, 2023 - 11:12am | 686UBS Group AG (NYSE: UBS) is exploring options to take over all or part of Credit Suisse Group AG (NYSE: CS) but has asked the Swiss government's support to cover future risks if it were to buy the bank, according to Bloomberg. The publication reported that UBS has...
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Hertz Is Among Most Attractive Ways To Play Travel Growth, Analyst Says — How EVs Could Add To The Story
Wednesday, February 8, 2023 - 5:04pm | 813Car rental company Hertz Global Holdings (NASDAQ: HTZ) saw shares trade higher Tuesday after reporting quarterly financial results. Here’s what one analyst has to say about the results and how electric vehicles could be helping the company. What Happened: Hertz Global reported fourth quarter...
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TechTarget, AST SpaceMobile Are Among Oversold Communication Services Stocks: Are They Worth A Look?
Thursday, December 8, 2022 - 1:42pm | 443The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. Here’s the latest list of major oversold players in this sector. TechTarget Inc (NASDAQ: TTGT) Last month, TechTarget reported worse-than-expected third-quarter...
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Starbucks Gets Downgraded Despite 'Excellent' Quarter: Here's Why
Monday, December 5, 2022 - 1:06pm | 242Shares of Starbucks Corporation (NASDAQ: SBUX) have risen by around 15% over the past month. The Analyst: Deutsche Bank's Brian Mullan downgraded the rating for Starbucks from Buy to Hold, while raising the price target from $100 to $106. The Thesis: The Seattle-based company reported...
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UPS Investors Overlook 'Consistent Profitable Growth' In Face Of Macro Environment: Deutsche Bank
Tuesday, November 29, 2022 - 1:50pm | 463United Parcel Service Inc (NYSE: UPS) shares may be ripe for a buying opportunity as investors focus on headwinds and overlook the profitable growth opportunity ahead, according to a newly bullish analyst. What To Know: Deutsche Bank on Tuesday upgraded UPS from...
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Why Analyst Expects Tesla Rival Xpeng To Deliver Solid Q4 Earnings On Monday
Thursday, March 24, 2022 - 4:37am | 468U.S.-listed Chinese electric vehicles maker Xpeng Inc (NYSE: XPEV) is expected to deliver a “solid” quarter when it reports fourth-quarter earnings before the bell on Monday, CnEVpost reported, citing Deutsche Bank analyst Edison Yu. What Happened...
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UBS Picks Former Morgan Stanley President Kelleher As chairman, Deutsche Bank Nominates Alexander Wynaendts As Next Chairman
Saturday, November 20, 2021 - 5:51pm | 298UBS Group (NYSE: UBS) has named former Morgan Stanley (NYSE: MS) President Colm Kelleher as its new chairman. A day before, Deutsche Bank (NYSE: DB) announced that it would nominate Dutch businessman Alexander Wynaendts as the next chairman of its supervisory board, following a turbulent decade for...
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Q&A: Trucking's Back Half And Beyond With Deutsche Bank's Amit Mehrotra
Tuesday, August 10, 2021 - 10:42am | 2678Freight markets have entered the second year of peaklike conditions, and there aren't many signs on the horizon of a material letup in the current dynamics: supply chain dislocation, equipment shortages, labor challenges, astronomical freight rates and an ongoing need for materials and inventory...
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Booking.com Fintech Lead Unpacks Payments Pivot, Vision To Refine Travel Experience
Tuesday, July 27, 2021 - 11:20am | 635The worst part of travel often comes down to payments, loyalty rewards and customer service. That’s according to Daniel Marovitz, the senior vice president of fintech at Booking Holdings Inc's (NASDAQ: BKNG) Booking.com, with whom Benzinga spoke on how a new fintech unit...
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Fintech Focus For May 11, 2021
Monday, May 10, 2021 - 5:24pm | 1400Quote To Start The Day: “Any fool can know. The point is to understand.” Source: Albert Einstein One Big Thing In Fintech: The Industrial and Commercial Bank of China (ICBC), one of the largest banks in the world by total assets, appears to have quietly allowed public users to activate...
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Facebook Trades Higher After Price Target Raise
Monday, March 29, 2021 - 1:37pm | 219Facebook Inc (NASDAQ: FB) shares are trading higher after getting a price target raise. The Facebook Analyst: Deutsche Bank's Lloyd Walmsley maintains Facebook with a Buy and raised the price target from $355 to $385. The Facebook Thesis: Walmsley...
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Deutsche Bank Upgrades Albemarle On Lithium Earnings Potential
Tuesday, February 16, 2021 - 4:14pm | 156Albemarle Corporation (NYSE: ALB) is poised to benefit from a potential upturn in lithium earnings, according to Deutsche Bank. The Albemarle Analyst: David Begleiter upgraded Albemarle from Hold to Buy and raised the price target from $175 to $190. The Albemarle Thesis: Two new “world-...
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Why This UWM Holdings Analyst Is Bullish Despite Potential Mortgage Market Slowdown
Tuesday, February 16, 2021 - 1:16pm | 400Newly public UWM Holdings Corp (NYSE: UWMC) received a vote of confidence Tuesday after one Wall Street firm initiated bullish coverage on the Pontiac, Michigan-based mortgage firm. The UWM Holdings Analyst: Deutsche Bank analyst Ashish Sabadra started coverage of UWM Holdings...
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Fintech Focus For February 8, 2021
Sunday, February 7, 2021 - 8:25pm | 2192Quote To Start The Day: Excessive determinism is almost always the biggest enemy of stability. This seeming contradiction is behind the concept of metastability which captures the mode of market functioning in the last years. Metastability is what seems stable, but is not — a stable waiting...