Hints and tips:
...To comfortably be in the top 10, Mizuho would have to leapfrog the likes of Deutsche Bank, RBC and BNP Paribas....
...The cuts follow a sharp fall in oil prices last month after the collapse of the US’s Silicon Valley Bank and the forced takeover of Credit Suisse by UBS, which sparked fears of contagion in global financial...
...Antoine GodinUniversité Sorbonne Paris Nord, France Michael JacobsProfessor of Political Economy, University of Sheffield Ronan PalmerDirector Clean Economy, E3G Dirk EhntsPufendorf-Gesellschaft Berlin e.V....
...RBC Capital Markets has promoted Lindsay Patrick to the newly-created role of head of strategic initiatives and ESG from her current role as head of sustainable finance for the bank....
...Chief financial officer Ewen Stevenson told the Financial Times the bank was expecting a “much sharper” V-shaped recession, with any recovery pushed further out into 2021....
...Here’s what the latest monthly fund manager survey from Bank of America says about the recovery stakes: the V-shaped camp is losing ground....
...That eclipses highs from 2011-12, according to analyst Chris Louney at RBC Capital Markets....
...Earlier data increases our economists conviction in a V-shaped recovery: Economic data in aggregate have continued to surprise to the upside, building our confidence in a V-shaped recovery....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...Muddying the waters has been the aggressive response of central banks, led by the US Federal Reserve....
...But the equity market is watching developments and since mid-May stocks with higher exposure to China have lagged, notes Lori Calvasina at RBC Capital Markets....
...The president sued the companies — accounting firm Mazars USA and banks Deutsche Bank and Capital One — to stop them from complying with the subpoenas. What is Mr Trump arguing?...
...Helima Croft at RBC Capital Markets says there remains unresolved issues for the market....
...In the current environment this is a big one, as shown here: Vix, % (LHS) v Vix volatility curve, %, 6th minus 1st contract (RHS) Now, the extreme shifts across markets and the response from central banks...
...Just 30% expect a V shaped recovery in the stock market....
...We also think the sector is much less disrupted than banks....
...However, we note that RBC’s commodity strategist recently outlined upside scenarios to over $2,000/oz ....
...Persimmon trades on the highest P/NAV, but its land bank and margins warrant that....
...Notably, the bank lending standards have tightened appreciably in G-4 in Q1, driven by the US – see [below] chart....
...We see $19bn net revenue from sports betting in the USA by 2023, equivalent to a $5bn EBITDA opportunity....
...Sit back, relax and enjoy the first day of the V-shaped recovery. ... Which is not to suggest that - ... Neverthele - ... Yet let’s not overlook the fact tha - ... If you’ll just let me fini - ......
...RBC doesn’t like JD Sports: JD Sports has a strong track record and management team....
...Here’s RBC: ‘A couple of good quarters as a consequence of COVID doesn’t mean everything’s right’ was Jeff’s starting point....
...Some handy tables from RBC: While on banks, UBS goes knife catching in the UK: New bargain hunters and existing shareholders have both been asking us the same question recently: do UK banks have enough...
...Our current FY21E estimates effectively assume flat admissions versus FY19 (which were 14% below FY18 in the USA)....
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