Hints and tips:
...as Morgan Stanley and JPMorgan Chase....
...A V-shaped recovery is on track Mike Wilson, Morgan Stanley’s chief investment officer While 2020 has been an unusual year to say the least, I would argue that financial market behaviour has been quite...
...And true enough, a V-shaped recovery is expected in earnings over the next four quarters when looking at what analysts expect for the S&P 500....
...Our view has been that a growth recovery in 1Q would prevent the BoE from easing, with the Bank looking through a temporary ‘V’ shape interruption to global growth from the virus....
...Infineon’s gone to “overweight” at JP Morgan: There is mounting evidence of a global auto rebound as the US joins China’s already established V-shaped recovery....
...We rate the shares Equal Weight with a 1500p/sh price target. “Unshackled”, shouts JP Morgan Cazenove....
...Morgan Chase Bank were the biggest and most active users of daylight overdrafts, and a once deep overnight (o/n) fed funds market was where large banks with negative reserve balances borrowed from small...
...believe that a senior secured notes offering in compliance with the terms of the revolving credit facility commitment letter provided by JP Morgan Chase Bank N.A., London Branch ("J.P....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Elsewhere in sellside, Morgan Stanley has a very belated downgrade of Hurricane Energy as part of a big E&P sector thing....
...Airbus – cut to N from OW; remove from AFL: AIR looks in a better position than Boeing, which is also dealing with the MAX grounding and a weak balance sheet....
...And Morgan Stanley’s gone right off aggregates maker CRH. Sector note again. We expect EPS to fall c.40% YoY. We think the revenue growth outlook for Europe is as bad as the GFC, N....
...Our last published fair value of 440p (29% upside) is equivalent to a P/TNAV multiple of 0.79x....
...pretty stable macro backdrop; iv) capital build of 170-200bps p.a. as per previous guidance (though guidance for FY19 was for the lower end of that range, so this is a slight upgrade); and v) Statutory RoTE...
...That’s bad for J Sainsbury, whose bank has been a white elephant for some time....
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...Jacob Nell, chief UK economist, head of European economics, at Morgan Stanley: No....
...It also compares to listed peers such as Rathbones on c.15x P/E and SJP (a higher quality business in our view) on c.19x P/E....
...Here's the bank:J.P. Morgan this month became the first US bank to create and successfully test a digital coin representing a fiat currency....
...J.P. Morgan predicts a similar range....
...Sachs, Morgan Stanley and JPMorgan Chase....
...) and Morgan Stanley (Wednesday) — continue the first-quarter earnings season....
...Gemalto has appointed Deutsche Bank and J.P. Morgan as financial advisers. Atos is advised by Rothschild and BNP Paribas....
...HSBC was the worst off among Hong Kong banks with a drop of 2.2 per cent, while Bank of East Asia was up 0.2 per cent and Hang Seng Bank had gained 1.5 per cent to HK$177 after J.P....
...Job Moves Blackstone announced that J Tomilson Hill, chief executive of Blackstone Alternative Asset Management, will be moving to a new role as chairman of BAAM. John P McCormick will succeed Hill....
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