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London fintech Abound has secured a £250m financing deal with Deutsche Bank, boosting its total lending capacity to £1.6bn. This funding will enhance its operations and financial inclusion efforts, while its AI-driven cashflow underwriting platform, Render, helps minimize default rates and offer lower consumer loan rates. Co-founders Gerald Chappell and Dr. Michelle He emphasize the potential for global expansion as Open Banking technology gains traction worldwide.
Goldman Sachs and Crédit Agricole have upgraded their forecasts for the Pound against the Dollar, citing a potential rally driven by USD weakness and improving UK growth. As the UK currency acts as a hedge against rising U.S. tariffs, it has recently recovered to 1.2905, exceeding some short-term targets. However, risks remain high as new tariffs could shift market dynamics, potentially benefiting the Dollar.
Citi has swiftly promoted Tom Strong to lead coverage of major bank stocks following the departure of its lead analyst, Brendan Sproules, to Goldman Sachs. This shift is indicative of increased volatility in the banking analyst sector, driven by competitive offers and a focus on enhancing Citi's advisory research capabilities. A spokesperson emphasized the firm's commitment to investing in its research offerings to strengthen its market position.
UBS has downgraded Sunny Optical Technology Group from Buy to Sell, lowering its price target to HK$67.00, citing high valuation and concerns over demand sustainability amid macroeconomic risks. Despite strong fundamentals and a positive profit alert, analysts believe the stock's current price reflects already priced-in developments and aggressive earnings growth forecasts may be unrealistic. Other firms have varied outlooks, with BofA Securities and Citi maintaining Buy ratings but adjusting price targets, while Jefferies has adopted a Hold rating due to weak smartphone demand.
Access to the page has been denied. Meanwhile, Citi has recorded gains for eight consecutive days, reflecting a positive trend in its stock performance on the NYSE. This sustained growth highlights investor confidence in the financial institution's stability and prospects.
UBS analyst Brian Reynolds has reaffirmed a Buy rating for Enterprise Products Partners, maintaining a $40 price target as the stock trades at $33.50. Despite a slight reduction in the first-quarter 2025 EBITDA forecast to $2,589 million due to mechanical issues and increased Waha prices, the company continues to show strong financial health with a 6.35% dividend yield and a 27-year streak of dividend increases. Citi analysts have also raised their target to $37, citing the potential for over $1 billion in excess cash flow by 2026, bolstered by strategic growth projects.
Citi has achieved gains for eight consecutive days, marking a significant upward trend in its performance. This sustained growth reflects the bank's resilience and adaptability in the current market environment. Investors are closely monitoring these developments for potential implications on future strategies.
France successfully issued 3 billion euros in a syndicated tap of the 0.95% July 2043 OATei bond, which is indexed to harmonized European inflation excluding tobacco. The order books closed at over 45 billion euros, with the bond priced at 88.630 and a yield of 1.676%. Joint lead managers included BNP Paribas, Citi, and JPMorgan.
Jamie Dimon, CEO of JP Morgan, hints at retirement, raising questions about his successor amid a competitive landscape. Potential candidates include Daniel Pinto, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, and Mary Callahan Erdoes, each bringing unique strengths. The evolving cultural climate poses challenges, particularly for a female CEO, as the bank navigates its approach to diversity and inclusion.
Capital One Financial has been upgraded to a Buy rating by analyst Vincent Caintic from BTIG, with a price target of $208. The upgrade is attributed to the company's significant capital surplus, which could lead to substantial stock buybacks, and its strategic move to tighten underwriting ahead of competitors, positioning it well for growth. Citi also maintains a Buy rating with a higher price target of $230.
Citizens, Inc.
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Abound secures 250 million financing from Deutsche Bank to expand lending capacity
British Pound Sterling
Citizens, Inc.
Deutsche Bank Money Market PP
Waterfall Asset Management LLC
GBR
DEU
Michelle Heyman
Gerald Chappell
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10:57 27.03.2025
investment banks raise pound dollar forecasts amid tariff concerns
Euro
United States Dollar
British Pound Sterling
Bank of America Corporation
Citizens, Inc.
The Goldman Sachs Group, Inc.
UWS JP Morgan EM A OSB
Credit Agricole
GBR
USA
Maroš Šefčovič
Howard Lutnick
Donald Trump
Jamieson Greer
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10:55 27.03.2025
citi promotes tom strong as lead analyst after goldman poaches brendan sproules
08:54 26.03.2025
ubs downgrades sunny optical stock rating and lowers price target
Hong Kong Dollar
Bofa Securities Inc.
Sunny Optical Technology (Group) Co Ltd
Citizens, Inc.
HKG
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07:38 26.03.2025
Citi achieves eight consecutive days of gains in stock performance
22:06 25.03.2025
ubs maintains buy rating on enterprise products with 40 dollar target
21:29 25.03.2025
Citi reports eight consecutive days of gains in market performance
21:29 25.03.2025
France issues 3 billion euros in July 2043 inflation-linked bond
Euro
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Citizens, Inc.
Credit Agricole CIB Fin.Sol. C
JPMorgan Chase & Co.
FRA
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15:24 25.03.2025
the race to succeed jamie dimon at jp morgan intensifies
Japanese Yen
United States Dollar
Unilever PLC
BlackRock, Inc.
Bank of America Corporation
Citizens, Inc.
UWS JP Morgan EM A OSB
USA
Jane Fraser
Jennifer Piepszak
Marianne Lake
Jamie Dimon
Mary E. Erdoes
Daniel E. Pinto
Troy Rohrbaugh
Kamala Harris
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14:34 25.03.2025
capital one financial upgraded to buy with strong growth potential
United States Dollar
Citizens, Inc.
Discovery Silver Corp.
Capital One Financial Corporation
USA
Vincent Caintic
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12:07 25.03.2025
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