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The stock market faced a significant downturn, with the S&P 500 dropping nearly 5% and the Nasdaq declining almost 6%, amid fears of retaliatory actions from U.S. trading partners. RH's shares plummeted 40.09% following disappointing earnings, while Five Below fell 27.81% due to tariff concerns. In contrast, Sangamo Therapeutics surged in after-hours trading despite a daily decline, thanks to a new agreement with Eli Lilly.
Wolfe Research upgraded U.S. Bancorp - Preferred Security (NYSE: USB.PRS) from Peer Perform to Outperform on April 3, 2025. Institutional ownership saw a slight decline of 2.31% to 3,604K shares, while average portfolio weight increased by 2.26% to 0.33%. Notable fund activity includes PFF reducing its holdings by 6.64%, while PGX, PFFD, and PGF increased their allocations by 3.08%, 0.74%, and 2.36%, respectively.
JPMorgan Chase's 6.00% Dep Shares Non-Cumul Preferred Stock Series EE (JPM.PRC) have crossed the 6% yield mark, trading as low as $24.99, with an annualized dividend of $1.50. Currently, it is at a 0.44% premium to its liquidation preference, contrasting with the average 9.80% discount in the Financial category. Notably, these shares are non-cumulative, meaning missed payments do not need to be compensated before common dividends resume.
Lloyds Banking Group plc experienced a 15.9% decline in short interest in March, with 20.77 million shares short sold. Institutional investors hold 2.15% of the stock, and several hedge funds have increased their positions. The company recently declared a semi-annual dividend of $0.1035 per share, up from $0.05, reflecting a yield of 4%.
In 2024, contactless payments in the UK reached a record 94.6% of eligible in-store card transactions, up from 93.4% in 2023. The average contactless spend per person rose to £3,803, with the over 65s being the fastest-growing user group at 84.1%. While chip and PIN remain popular for purchases over £100, mobile wallets are favored by younger generations, with 42% of Gen Z preferring them over cash.
Deutsche Bank has raised concerns about the U.S. administration's new tariff strategy, warning it could undermine policy credibility and weaken the dollar. The bank criticizes the narrow focus on goods deficits, the disconnect between rhetoric and reality, and the unstructured approach to trade negotiations, suggesting these factors may lead to unpredictable outcomes.
UBS analyst Alex Kramm has maintained a Buy rating on CME Group stock with a price target of $290, citing a strong 29.55% return over the past year and upward revisions in earnings estimates. The company reported record trading volumes for Q1 2025, driven by robust activity across various asset classes, despite a slight reduction in pricing. Analysts from RBC and KBW also reaffirmed their ratings, highlighting increased earnings estimates due to heightened trading activity.
UBS has reduced its price target for UPS from $141 to $127 while maintaining a "Buy" rating. The adjustment follows a decline in domestic package volumes, prompting a downward revision of earnings estimates for the first quarter and forecasts for 2025 and 2026 due to uncertainties related to US tariff policy.
Three major banks are urging customers to utilize pop-up services in libraries and churches as traditional branches close. The Lloyds Banking Group has shut over 1,200 branches since 2015, with 60 closures this year alone, leaving many communities without accessible banking services. Community bankers can assist with account inquiries in private but do not provide cash or counter services.
UBS has identified Infineon as a new buying opportunity, according to an analysis published by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that the information is provided "as is" without any warranties, and the opinions expressed do not reflect its views. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
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stocks plunge as market fears escalate amid trade tensions and earnings misses
04:27 04.04.2025
wolfe research upgrades us bancorp preferred security outlook to outperform
02:36 04.04.2025
JPMorgan Chase preferred stock yields surpasses 6 percent amid market fluctuations
21:57 03.04.2025
lloyds banking group sees decline in short interest and dividend increase
21:55 03.04.2025
record growth in uk contactless spending as usage and amounts rise
17:34 03.04.2025
deutsche bank raises concerns over us tariff strategy and policy credibility
17:33 03.04.2025
ubs maintains buy rating on cme group with price target of 290 dollars
16:43 03.04.2025
ubs lowers ups price target but maintains buy rating
16:02 03.04.2025
banks encourage use of community hubs as branches continue to close
14:52 03.04.2025
Infineon presents new investment opportunity according to UBS analysis
14:10 03.04.2025
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