Arcos Dorados Holdings Inc., the exclusive franchisee of McDonald's in 20 Latin American and Caribbean countries, reported a quarterly EPS of $0.28, exceeding estimates. The company announced a quarterly dividend of $0.06 per share, with a yield of 2.95%. Institutional investors hold 55.91% of its stock, while analysts have recently downgraded its rating from "buy" to "hold."
deutsche bank leadership changes as ceo contract extended amid management revamp
Deutsche Bank has extended CEO Christian Sewing's contract amid a management overhaul, while a deputy and another executive will depart. The bank's history includes significant expansions, mergers, and strategic shifts, with recent challenges involving service issues at Postbank and ongoing legal matters.
deutsche bank extends ceo contract amid management changes and turnaround efforts
Deutsche Bank has extended CEO Christian Sewing's contract amid a management overhaul, while a deputy and another executive will depart. The bank's history includes significant events such as its expansion into investment banking, failed mergers, and recent legal challenges linked to Postbank. Despite service issues, Sewing has successfully restored profitability, securing a third term as CEO.
Scotiabank appoints Pablo Elek as CEO of Mexico unit
Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move aligns with the bank's strategy to focus on North America, as it shifts capital away from Latin America, including the transfer of operations in Colombia, Costa Rica, and Panama to Banco Davivienda. CEO Scott Thomson noted that while the bank is cautious about U.S. tariffs, it remains committed to its North American corridor strategy.
Scotiabank appoints Pablo Elek as CEO of Mexico unit
Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move comes as the bank shifts its focus towards North America, having already transferred operations in Colombia, Costa Rica, and Panama to Banco Davivienda. Scotiabank's capital strategy reflects a significant emphasis on the U.S. and Canada, with Mexico contributing less than 10% to its earnings.
huckabee faces senate confirmation amid renewed conflict in gaza
Mike Huckabee, nominated by President Trump as ambassador to Israel, faces a Senate confirmation hearing amid renewed conflict in Gaza. Known for his strong pro-Israel stance, Huckabee opposes a two-state solution and has previously supported annexation of the West Bank. His confirmation could further complicate U.S. policy in the Middle East, especially as Israeli military actions escalate.
Panama secures 1.2 billion euro loan from Banco Santander for budget support
The government of Panama has secured a loan of 1.2 billion euros from Banco Santander, with a maturity of two years. This funding will help cover the general state budget for the fiscal year 2025 and subsequent years. The agreement was finalized last Tuesday.
Morgan Stanley announces management changes for China A Share Fund
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
norwegian cruise line stock ratings and institutional investor activity update
Norwegian Cruise Line Holdings Ltd. operates globally through its brands, offering diverse itineraries. Institutional investors hold 69.58% of the stock, with recent analyst ratings showing a "Moderate Buy" consensus and a target price of $28.94. Despite strong earnings, shares have fluctuated, opening at $20.09, with a 52-week range of $14.69 to $29.29.
Analysts expect Planet Fitness, Inc. to report earnings per share of 2.51 for the current year. The company operates fitness centers globally and has a Moderate Buy rating, though top analysts favor five other stocks over it. Recently, Zurcher Kantonalbank increased its stake in Planet Fitness by 36.9%, while various institutional investors have also modified their holdings. The stock has a market cap of $8.09 billion and a P/E ratio of 51.38, with a consensus price target of $100.17.
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