Posts filtered by tags: Credit Suisse[x]


Wall Street Ponders Implications Of “Wonder Woman” Release

“This is an unprecedented move for a major Hollywood media company, especially for a $200 million film, and a grand experiment that could have long-lasting implications if successful,” Credit Suisse analyst Douglas Mitchelson wrote in a report. – The Hollywood Reporter
Tags: Art, Hollywood, Media, Credit Suisse, 11.19.20, Douglas Mitchelson

Banking and slavery: Switzerland examines its colonial conscience

BLM protests and fresh historical evidence are raising questions over the legacy of the founder of modern Switzerland, Alfred EscherAlfred Escher wielded so much power and influence during his lifetime that he was nicknamed King Alfred I. An immense bronze statue of modern Switzerland’s founding father stands, fittingly, in front of Zurich’s main train station. Escher was a politician, but he was also an entrepreneur who founded the country’s railway network along with the its leading university...
Tags: Europe, World news, Banking, Credit Suisse, Switzerland, Slavery, Colonialism, Cuba, BLM, Zurich, Alfred, Black Lives Matter Movement, Escher, Alfred EscherAlfred Escher, Escher The Escher

The world's largest wealth manager names 4 sub-sectors poised to be the 'next big thing' for investors

A man crosses a nearly deserted Nassau Street in front of the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 3, 2020. Mike Segar/Reuters After tech and consumer discretionary sectors dominated the last decade, investors should look elsewhere for the next market leader, Mark Haefele, chief investment officer of UBS Wealth Management, said Wednesday.After a decade of ...
Tags: Japan, China, US, Trends, Eu, Credit Suisse, Ubs, Manhattan, Biden, Gene, Morningstar, New York City New York, Nassau Street, New York Stock Exchange NYSE, UBS Wealth Management, Mark Haefele

The S&P 500 will rally 12% through 2021 as investors position for a virus-free economy, Credit Suisse says

Arnd Wiegmann/Reuters The key to investing in 2021 is preparing for a virus-free economy in 2022, Credit Suisse strategists said Wednesday.The team led by Jonathan Golub initiated a 2021 S&P 500 price target of 4,050 in a note to clients, implying a 12% rally from Tuesday's closing level.Various vaccine candidates vying for regulatory authorization led the bank to "de-emphasize the near-term" and instead focus on how the US economy will launch out of its virus slump. "The virus will be a f...
Tags: US, Trends, Markets, CS, Credit Suisse, Pfizer, Morgan Stanley, Fed, Market Outlook, Rbc, Arnd Wiegmann Reuters, Jerome Powell, Market Strategy, SPX, Moderna, Jonathan Golub

The stock market is vulnerable to sharp sell-offs before an 'unequivocally bullish' 2021, says Morgan Stanley's investment chief

Bloomberg TV After raising his 2021 price target for the S&P 500 to 3,900 on Monday, Mike Wilson is telling investors with a shorter time horizon to stay cautious. In an interview with Bloomberg on Tuesday, Morgan Stanley's chief investment officer said that rising coronavirus case counts and run-off elections may lead to volatility in the next few months.Wilson's team wrote in a note that the S&P 500 could fall up to 12.5% in the near term."We find ourselves at a juxtaposition between the...
Tags: US, Trends, Markets, Bloomberg, Credit Suisse, Morgan Stanley, S&P 500, Cnbc, Wilson, Rbc, Bloomberg TV, Mike Wilson, Jonathan Golub, Stock Market Correction, Investing Strategy, Stock Market Outlook

Nio tumbles 14% after renowned short-seller Citron Research makes a bearish call citing increased Tesla competition

Reuters Shares of Nio plunged 14% on Friday after a report from Citron Research warned of an impending 48% crash. Still, the 2020 rally in the Chinese electric-vehicle manufacturer Nio now stands at a year-to-date gain of more than 1,100% as of Thursday's close.Nio and other electric-vehicle startups have seen outsized enthusiasm from investors in 2020 as the trend away from internal combustion engines towards electric cars accelerates.Visit Business Insider's homepage for more stories.202...
Tags: China, Trends, General Motors, Tesla, Credit Suisse, Gm, SPAC, Nikola, Left, Citron Research, Hindenburg, NIO, Matthew Fox, Trevor Milton, Andrew Left of Citron Research, Volkswagen Toyota

The UK economy grew at a record 15% in the third quarter, but the pace of recovery is slowing as COVID-19 deaths top 50,000

A man rides an e-scooter on Oxford Street during heavy rain. Leon Neal/Getty Images The UK economy grew by a record 15.5% in the third-quarter, according to official data released Thursday, marking its sharpest quarterly expansion since records began in 1955.With much of the country now in its second lockdown, economists expect the UK to reverse its pace of growth in the final quarter this year.The UK is still 9.7% smaller than it was before the COVID-19 pandemic.Britain has become the firs...
Tags: Europe, UK, Mexico, Germany, Trends, Bank Of England, Britain, Credit Suisse, Oxford Street, Turner, Pearson, US France, Richard Pearson, ING, Leon Neal Getty, UBS Global Wealth Management

Global oil demand will not recover until well into 2021, even with a COVID-19 vaccine, the IEA says

Demand for road transportation fuel is precarious but oil supply is rising. bibiphoto/Shutterstock The International Energy Agency cut its forecast for oil demand growth by 400,000 barrels a day to show a decline of 8.8 million barrels per day this year.  "It is far too early to know how and when vaccines will allow normal life to resume. For now, our forecasts do not anticipate a significant impact in the first half of 2021," the agency said. The IEA predicts a recovery in oil demand next...
Tags: Europe, China, Iraq, India, US, Trends, Opec, United States, Paris, Credit Suisse, IEA, Libya, Pfizer, International Energy Agency, Organization of the Petroleum Exporting Countries, Petroleum Exporting Countries

Global stocks slide as COVID-19 vaccine relief quickly fades with the US imposing new restrictions

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020. Lucas Jackson/Reuters Global stocks slid on Thursday as investor optimism over a COVID-19 vaccine were dashed by further measures to curb the spread of the virus in the US.The state of New York will see several new measures go into force from Friday, just two weeks before Thanksgiving.The  FTSE 100 slid 0.4% after data showed the UK economy grew by a record 15% in the third-quarter, but a seco...
Tags: Japan, UK, New York, Senate, China, Germany, Global, US, Trends, Opec, Beijing, Credit Suisse, Ubs, IEA, Pfizer, Brent Crude

The stock market has an 'overflowing river of liquidity' from the previous stimulus, the co-CIO of the worlds largest hedge fund says

Stan Honda/AFP/Getty Images Bridgewater's Bob Prince told CNBC on Wednesday that the stock market is facing an "overflowing river of liquidity" from the combination of government spending to replace lost income and high rates of saving. The hedge fund's co-chief investment officer said the US administration post election will only "re-route" the river and the liquidity is unlikely to go away with a Biden presidency.However, the benefits of the liquidity don't affect all assets equally, he ...
Tags: US, Trends, Liquidity, Markets, Credit Suisse, Prince, Biden, Stimulus, Cnbc, Balance Sheet, Bridgewater, Stan Honda, Bridgewater Associates, Government Spending, Fiscal Policy, Bob Prince

Kodak admits an internal error allowed former executives to make more than $5 million selling stock options they never owned

Reuters / Steve Marcus Former Eastman Kodak executives sold about $5.1 million in stock options they didn't own due to faulty company controls, the company said. Five former employees exercised roughly 300,000 in stock options that they only received through "inadequate" controls and "unauthorized issuance," chief financial officer David Bullwinkle said in a Tuesday earnings call.Kodak will try to recover about $3.9 million from the former executives for the fair value of the shares at the...
Tags: Kodak, Trends, Earth, Credit Suisse, Securities And Exchange Commission, Trump, Eastman Kodak, Bullwinkle, Jim Continenza, Alex Umansky, Ben Winck, US International Development Finance Corp, Reuters Steve Marcus Former Eastman Kodak, David Bullwinkle, David Bullwinkle Kodak

Lyft's set to surge 33% on a ridership bounce-back and stronger path to profitability, Wedbush says

Mario Tama/Getty Images Lyft's third-quarter figures weren't thrilling, but its earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs, Wedbush said Wednesday.Analyst Dan Ives lifted his price target for Lyft shares to $48 from $37 in a note to clients, a 33% upside from Tuesday's close. Lyft executives said Tuesday they expect the company to be profitable by the fourth quarter of 2021.The optimistic guidance, when coupled with new hopes for a coronavirus vaccine...
Tags: Lyft, California, Trends, Opec, Credit Suisse, Goldman Sachs, Pfizer, Jpmorgan, Wedbush, Ives, RBC Capital Markets, Mario Tama Getty, Dan Ives, Watch Lyft, Ben Winck

Global stocks edge up, as COVID-19 vaccine optimism boosts 'real economy' shares but dents tech

An Amazon index displayed on a smartphone screen. SOPA Images/Getty Images Global equities rose, led by gains in commodity, retail and industrial stocks, which tend to benefit from an improving economic outlook, while technology shares lagged. Cases of COVID-19 keep surging in the US and Europe, where Italy imposed new movement restrictions in the worst-hit areas.  Political uncertainty in the United States continued to simmer in the background, after the secretary of state, Mike Pompeo, t...
Tags: Amazon, Europe, UK, Washington, US, Trends, Joe Biden, United States, Credit Suisse, Italy, Alibaba, Tencent, Ubs, Goldman Sachs, Pfizer, Nasdaq

10 Key Questions and Answers About SPACs

By Richard Harroch, Hari Raman, and Albert Vanderlaan SPACs, or “special purpose acquisition companies,” are continually in the business news these days, with $50+ billion having been raised by SPACs this year alone. In fact, SPACs are estimated to become 50% of the IPO market this year. The increasing popularity of SPACs and the flexibility they provide to companies wishing to go public has led to the formation of a number of high-profile SPACs. SPACs provide the opportunity for private compan...
Tags: Asia, Legal, Ipo, Boston, Disney, Sales, San Francisco, Linkedin, Bloomberg, IPOs, United Kingdom, Zynga, Credit Suisse, Middle East, Reid Hoffman, SEC

Here are the 2 big signals that stocks need to keep moving higher, says Credit Suisse's top equity strategist

Some of Monday's enthusiasm is unwinding, though tech stocks are set to keep selling. Our call of the day says the direction of the VIX...
Tags: Credit Suisse

Future market for Covid vaccines 'could be worth more than $10bn a year'

Analysts estimate revenue generated, assuming an annual jab at an average price of $20Coronavirus – latest updatesSee all our coronavirus coverageThe future market for Covid-19 vaccines could be worth more than $10bn (£7.6bn) in annual revenues for pharmaceutical companies, according to industry experts, even though some drugmakers have pledged to provide their vaccines on a not-for-profit basis during this pandemic.The calculations by analysts at Morgan Stanley and Credit Suisse assume people w...
Tags: Health, Business, Society, Credit Suisse, Pharmaceuticals industry, Vaccines and immunisation, Morgan Stanley, Coronavirus

'Valuation leaves little room for error': Here's what 4 Wall Street banks expect from Apple's fiscal 4th-quarter earnings report

(Photo by Lisa Maree Williams/Getty Images) Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event.The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups.The reveal of its first 5G-capable iPhone lineup arrived later than usual, and while iPhone 12 sales won't show up in Thursday's report, commentary on iPhone demand will be closely monitored.H...
Tags: Apple, Congress, Wall Street, China, Trends, Credit Suisse, Ubs, Fed, Rbc, Wedbush, Ives, RBC Capital Markets, Robert Muller, New York Fed, Watch Apple, David Vogt

10 things you need to know before the opening bell

Reuters / Neil Hall Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. Global stocks are ticking up after Wednesday's Wall Street carnage. But tougher lockdown rules in Europe and rising cases of COVID-19 in the US are rattling investors.2. Swiss bank Credit Suisse fell as much as 6% after missing expectations in Q3. Its rivals have all so far fared better.3. The S&P 500 will tumble up...
Tags: Facebook, Europe, Global, US, Trends, Credit Suisse, Starbucks, Raymond James, Tom Lee, Amanda Cooper, Tom Baldwin, Fundstrat, COVID, Reuters Neil Hall Welcome, Alphabet Google Amazon Apple, Ron Zibelli Invesco

Credit Suisse misses expectations as 3rd-quarter net profits plunge 38%, hit by a slowdown in wealth management

Thomson Reuters Credit Suisse posted a 38% drop in third-quarter net profit, well below analyst expectations, as Switzerland's second-biggest bank saw a slowdown in its wealth management business.Profit hit 546 million francs (462 million pounds) in the three months to September, lower than the 680.7 million francs ($747 million) analyst estimated.The international wealth management business, its sore point this quarter, saw a 10% drop in revenue to 2.5 billion francs from a year ago. The ...
Tags: US, Trends, Bloomberg, Credit Suisse, Switzerland, Ubs, Zurich, Shalini Nagarajan, Thomson Reuters Credit Suisse

We've been tracking big hires and exits across Wall Street. Here's a look at 2020's must-know people moves and recruiting trends.

Trader moves have been happening left and right. And dealmakers are reshuffling to lean into hot coverage areas. REUTERS/ Brendan McDermid There's been a mad dash for talent as Wall Street firms quickly overhauled their 2020 playbooks.Equity and debt trading have surged as a result of the financial turmoil caused by the coronavirus outbreak. Hedge fund managers are responding to investors' expectations to outperform amid the chaos by aggressively hiring experts to fine-tune their strategies...
Tags: Google, Amazon, Cloud, Facebook, Microsoft, Finance, Banks, Wall Street, White House, New York City, America, Trends, CMO, Bank Of America, Barclays, Credit Suisse

'Another major step forward': Here's what 6 Wall Street analysts had to say after Tesla's earnings beat expectations

Reuters Tesla's third-quarter earnings report beat expectations on multiple key metrics including cash flow and gross margins. The electric vehicle automaker also reiterated its goal of 500,000 deliveries in 2020, a statement many analysts were anticipating before the report. Shares of Tesla soared nearly 5% at the market open on Thursday.Here's what six Wall Street analysts had to say about Tesla's third-quarter earnings report. Watch Tesla trade live here.Tesla's third-quarter earnings r...
Tags: Energy, Electric Vehicle, China, Trends, Markets, Tesla, Credit Suisse, Gm, TSLA, Goldman Sachs, Elon, Jpmorgan, Ev, Wedbush, RBC Capital Markets, Wedbush Securities

'Much to be excited about': Here's what 4 analysts are saying about Tesla ahead of its 3rd-quarter earnings report

Reuters Tesla will release its third quarter earnings report after markets close on Wednesday.  The electric vehicle company already announced record third-quarter production numbers and beat expectations for its deliveries in the quarter. Analysts on Wall Street are now focusing on whether Tesla will meet its 2020 delivery target of 500,000, and will be listening for any discussion of this target on the call. Below are what four analysts are saying about the world's most highly valued aut...
Tags: Elon Musk, China, Trends, Markets, Tesla, Levy, Credit Suisse, Goldman Sachs, Musk, Delaney, Wedbush, Ives, Dan Levy, RBC Capital Markets, Wedbush Securities, Tesla earnings

6 Wall Street firms now expect Snap's stock to surge more than 37% after earnings. Here's what they had to say about the blowout quarter.

Reuters "LA just keeps winning," analysts at Stifel said after Snap reported a blowout third quarter earnings report.Despite the initial 25% surge following Snap's better-than-expected earnings, analysts expect the stock to continue to move higher.Here's what six Wall Street analysts had to say about Snap's third quarter earnings report.Visit Business Insider's homepage for more stories.Snap's blowout third quarter earnings report helped jolt the stock 25% higher in early trading on Wednes...
Tags: Trends, Credit Suisse, Deutsche Bank, Goldman Sachs, Social Commerce, Snap, Rbc, Jpmorgan, Stifel, Matthew Fox, Reuters La

Top Swiss bank UBS smashes expectations with 99% rise in third-quarter net profit as trading and wealth management surge

FILE PHOTO: Logo of Swiss bank UBS is seen in Basel Reuters Swiss lender UBS posted a 99% jump in third-quarter net profit to $2.1 billion, boosted by a strong rise in trading revenue in its investment banking and wealth management divisions.Revenue from the investment bank division jumped to $2.5 billion from $1.7 billion a year ago, while global wealth management revenue rose to $4.3 billion from $4.1 billion.The bank's loan losses remained relatively low this quarter, compared to the pro...
Tags: US, Trends, Bloomberg, Credit Suisse, Ubs, Sergio Ermotti, Ermotti, ING Group, Ralph Hamers, Refinitiv Eikon, Shalini Nagarajan, Basel Reuters, ING Group Visit Business Insider, Zurich Shares, Swiss Re Ralph Hamers

A Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500 because of uncertainty over some Democratic policies

Robyn Beck/AFP via Getty Images The S&P 500 and the Dow Jones could fall 5% with a decisive victory by Joe Biden, in which the Democrats win the election, and control both chambers of the Congress, a chief market strategist told Business Insider. TickerTocker's Steve Kalayjian, said: "The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian said. "I see a decline of 5% or more."Kalayjian said uncer...
Tags: Congress, White House, US, Trends, Joe Biden, Democrats, Credit Suisse, Goldman Sachs, Biden, Donald Trump, Dow Jones, Cnbc, Trump, Robyn Beck, Nancy Zevenbergen, Saloni Sardana

A Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500 because of uncertainty over some Democrat policies

Joe Biden and Kamala Harris Robyn Beck/AFP via Getty Images The S&P 500 and the Dow Jones could fall 5% with a decisive victory by Joe Biden, in which the Democrats win the election, and control both chambers of the Congress, a chief market strategist told Business Insider. TickerTocker's Steve Kalayjian, said: "The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian said. "I see a decline of 5% or...
Tags: Congress, White House, US, Trends, Joe Biden, Democrats, Credit Suisse, Ubs, Warren Buffett, Biden, Donald Trump, Dow Jones, Cnbc, Trump, Big Tech, Ryan Cohen

Here are 3 things to watch for as earnings season kicks off amid continued economic recovery, according to LPL

Drew Angerer/Getty Images With earnings season set to officially kick off on Tuesday, LPL is out with a list of three things to watch for in company results. LPL expects management teams to instill confidence in investors as an economic recovery from COVID-19 is well underway."Mostly better-than-expected economic data during the quarter is a positive indication of earnings surprises," LPL noted.Here's what to watch for in the upcoming third quarter earnings season, according to LPL.Visit B...
Tags: US, Trends, Credit Suisse, Goldman, FactSet, LPL, Matthew Fox, COVID, Drew Angerer Getty Images With

Switzerland's first Black CEO gets harassed and rejected after saving 2nd biggest Swiss bank

Tidjane Thiam made Credit Suisse profitable again. But the Swiss rejected him as an outsider, and a sudden scandal took him down.
Tags: Credit Suisse, Switzerland, Tidjane Thiam

Credit Suisse apologizes over reports a black performer dressed as a janitor danced at a birthday party for the bank's chairman

Urs Rohner, Credit Suisse chairman. MICHAEL BUHOLZER / Stringer / Getty Images Credit Suisse has apologized after a black performer reportedly danced on stage dressed as a janitor at a birthday party for the bank's chairman, Urs Rohner. Tidjane Thiam, the bank's former chief executive, walked out of the room during the performance, the New York Times reported. Thiam, who resigned in February following a spying scandal, was the only black executive in charge of a major bank. Credit Suisse s...
Tags: UK, Scandal, Finance, US, Trends, Banking, Spying, Racism, New York Times, Credit Suisse, Ubs, Bank, GlaxoSmithKline, Tidjane Thiam, Times, Chief Executive

Credit Suisse apologises over black performer at party

The bank says no offence was intended, after reports that black ex-chief Tidjane Thiam walked out.
Tags: Business, Credit Suisse, Tidjane Thiam