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ubs maintains neutral rating for rocket companies amid strategic acquisitions
UBS has reiterated a Neutral rating for Rocket Companies Inc. (NYSE: RKT) with a price target of $14, citing the company's recent strategic acquisition aimed at enhancing its residential ecosystem. Despite the acquisition's potential to bolster growth, analysts express concerns over Rocket's high valuation compared to peers, with a P/E ratio of 64.1 and a price-to-book ratio of 34.3. The company is also set to acquire Mr. Cooper Group in a $9.4 billion all-stock deal, which could position it as a leading mortgage servicer, although analysts from Keefe, Bruyette & Woods and Barclays maintain Underperform and Underweight ratings, respectively, highlighting potential challenges and cost synergies.
Citigroup issues supplement C-031165 notification to financial authority in Luxembourg
Citigroup Inc. and its affiliates submitted Supplement - C-031165 to the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, with the notification received on March 31, 2025. The document was published by Citigroup on the same date and is available for review.
risks and rewards of investing in contingent coupon securities
Citigroup Global Markets Holdings Inc. warns investors of significant risks associated with their securities, which are linked to multiple underlyings. Investors may lose some or all of their investment, and contingent coupon payments are contingent on the lowest performing underlying meeting specific thresholds. The securities are not listed on exchanges, may be automatically redeemed before maturity, and their value is subject to volatility and credit risks.
Citigroup Global Markets Holdings Inc announces amendments to final terms
Euronext Dublin has issued a notice regarding amendments to the final terms for Citigroup Global Markets Holdings Inc. This announcement is available through the Companies Announcement Service, with further details accessible via the provided attachment link.
influential figures shaping korea's capital market in 2024
ByungJu Kim of MBK Partners and Kyungin Lee of UBS have been recognized as influential figures in Asia's capital markets. Kim co-founded MBK, managing over $30 billion in assets, while Lee has led UBS to prominence in Korea's M&A sector, completing significant transactions. KB Securities' Kim Sung-hyun ranks third, establishing the firm as a key player in investment banking. UBS was named Korea's top investment banking house, followed by Korea Investment & Securities and NH Investment & Securities.
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