KeyCorp is a bank-based financial services company operating through KeyBank National Association, offering a wide range of consumer and commercial banking services. Its Consumer Bank division provides deposit products, personal finance services, and lending options, while the Commercial Bank focuses on middle market customer needs. The company also engages in investment management, student loan refinancing, and commercial mortgage servicing.
15:30 23.10.2024
The US dollar has recently strengthened against key trading partners, driven by rising Treasury yields and stronger-than-expected economic data. However, concerns over fiscal policy and a potential second Trump administration may pressure the dollar, prompting investors to consider hedging strategies and diversifying into other currencies. As inflation shows signs of slowing, the Federal Reserve is expected to adopt a more neutral stance on interest rates, further influencing currency dynamics.
15:30 23.10.2024
The government has lifted the ban on non-basmati white rice exports, which was initially imposed on July 20, 2023. As of September 28, the blanket ban has been removed, and a floor price for these exports has been established.
Shares of Boliden and Sandvik fell after UBS downgraded both companies to "sell," citing company-specific challenges and sector-wide issues. Boliden's rating was cut due to declining metal grades and potential capital expenditure overruns, with a target price reduced to SEK 300. Sandvik faces pressure from weak demand in its metal cutting division and exposure to the automotive industry's shift to electric vehicles, leading to a target price cut to SEK 200 and lowered earnings estimates for 2024 and 2025.
15:25 23.10.2024
On October 23, Domestic Institutional Investors (DIIs) net bought shares worth Rs 6,040 crore, while Foreign Institutional Investors (FIIs) net sold shares worth Rs 5,685 crore, according to provisional data from the NSE. Year-to-date, FIIs have net sold shares totaling Rs 2.31 lakh crore, whereas DIIs have net purchased Rs 5.70 lakh crore in shares.
Indonesia successfully expelled a China Coast Guard vessel from a disputed area in the South China Sea on Monday. The Chinese ship was interfering with survey operations conducted by PT Pertamina, Indonesia's state-run oil and gas company, according to the country's Maritime Security Agency.
Starbucks has faced challenges in its fiscal fourth-quarter results, reporting a 3.2% decline in sales to $9.1 billion and a 24% drop in EPS to $0.80, both below expectations. UBS raised its price target to $95, citing new strategic initiatives from CEO Brian Niccol, while several analysts adjusted their outlooks amid a CEO transition and ongoing market pressures. Despite these hurdles, Starbucks continues to expand its global coffee research efforts and has increased its quarterly dividend by 7%.
15:13 23.10.2024
RTX Corp. has seen a significant revenue surge, particularly in its military sector, prompting UBS to raise its price target to $133 while maintaining a Neutral rating. Despite a downward adjustment in revenue outlook due to the Boeing strike, the company reported robust third-quarter results, with an 8% organic sales growth and a record backlog of $221 billion. Analysts highlight RTX's strong financial health, with a market cap of $166.71 billion and a commitment to shareholder returns through 54 consecutive years of dividend payments.
15:13 23.10.2024
A.O. Smith has been upgraded to a Neutral rating from Sell by UBS analysts, citing improved valuation and the impact of China’s stimulus measures. The company, known for its residential and commercial water boilers, had previously underperformed compared to its peers and the broader market.
15:12 23.10.2024
Gevo's share price has surged by 87.92% over the past month, reaching EUR 2.785, despite UBS maintaining a neutral rating. The bank has, however, raised its price target from USD 0.85 to USD 3.25, indicating increased confidence in the company. Key financial metrics reveal challenges, including a high price/sales ratio of 38.77 and a negative price/earnings ratio forecasted at -10.43 for 2024, suggesting potential overvaluation and urgent action needed for shareholders.
15:10 23.10.2024
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