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UBS analyst Joseph Spak has raised Tesla's price target to $226 from $197 while maintaining a 'Sell' rating, citing concerns over the speculative nature of its AI initiatives, which he believes inflate the market cap by nearly $1 trillion. He estimates that Tesla's auto and energy divisions contribute about $52 per share, with the rest driven by AI optimism. In contrast, Dan Ives from Wedbush Securities views Tesla as undervalued in the AI sector, highlighting its Full Self-Driving technology as a significant opportunity, while Morgan Stanley reaffirms a 'Buy' rating, praising Tesla's self-driving capabilities and responsiveness to pro-charging policies in the U.S.
19:12 25.11.2024
The Rolex Cosmograph Daytona, launched in 1963, remains a cult icon among collectors, with its value soaring after Paul Newman’s model sold for $17.8 million in 2017. Despite market fluctuations, Rolex's resale prices have risen significantly, driven by its blend of rarity, craftsmanship, and cultural significance. The brand's recent entry into the certified pre-owned market further solidifies its appeal, ensuring that the Daytona continues to captivate both seasoned and new collectors alike.
Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. The funds will support growth in Capitolis’ Capital Marketplace and Portfolio Optimization businesses, enhancing its role as a key partner in financial market optimization. CEO Gil Mandelzis emphasized the company's commitment to making financial markets safer and more efficient, while State Street's Tobias Krause noted that additional bank investors will accelerate Capitolis' success.
14:29 25.11.2024
Fintech company Capitolis has secured $20 million in new investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding round adds to Capitolis's total of approximately $300 million raised since its founding in 2017, supporting its SaaS platform aimed at optimizing financial resources in capital markets. CEO Gil Mandelzis highlighted the company's growth and commitment to enhancing the safety and strength of financial markets through partnerships with leading banks.
14:00 25.11.2024
Morgan Stanley has upgraded its outlook on Robinhood, projecting a potential 50% upside should Donald Trump secure a second term in office. This assessment reflects the firm's confidence in the company's growth prospects amid changing political landscapes.
The IT sector is poised for a turnaround, driven by cloud, data, and AI, with banking and financial services (BFS) expected to see revenue normalization by FY26 due to increased discretionary spending from US firms. Major banks are modernizing legacy systems, with Citi retiring 450 applications and Morgan Stanley experiencing double-digit tech spending growth. However, some institutions like Wells Fargo and TD Bank prioritize regulatory compliance, with TD planning to invest $500 million annually in upgrades by CY2026 following a significant fine.
Morgan Stanley has received regulatory approval to establish its Middle East headquarters in Riyadh, Saudi Arabia, joining other major Wall Street firms like Citigroup and Goldman Sachs. Abdulaziz Alajaji, CEO for Saudi Arabia and co-head of the Middle East and North Africa region, stated that this move reflects the growth and development of the kingdom and is a natural progression of the bank's long-standing presence in the area.
JPMorgan Chase's CEO Jamie Dimon noted a surge in competition from hedge funds and private equity firms as banks face increased capital requirements. Despite regulatory challenges, major U.S. banks have reported record profits, with expectations for 2024 to surpass previous highs, reflecting a resilient financial sector amid political shifts.
09:00 22.11.2024
As the year draws to a close, major investment banks including Goldman Sachs, UBS, JPMorgan, and Morgan Stanley are releasing their outlook statements for 2025. These reports provide insights and predictions that guide investors in navigating the upcoming financial landscape.
23:44 21.11.2024
UBS is adjusting its compensation structure for brokers in 2025, reducing team bonuses and grid payouts to enhance profit margins in its U.S. wealth unit. The new plan shifts pay rates to depend on the highest producer's revenue, potentially impacting earnings for many brokers, while introducing a growth award to offset cuts. Additionally, UBS aims to increase net interest income and improve its cost-to-income ratio, which currently lags behind competitors like Morgan Stanley.
20:33 21.11.2024
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