Financials

DA Davidson: Pacwest Bancorp (NASDAQ:PACW) presents a buying opportunity with its price target cut to $29

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D.A. Davidson analysts Gary Tenner and Clark Wright said the Silicon Valley bank bankruptcy is a buying opportunity for PacWest (NASDAQ:PACW) stock. “We think last week’s sell-off provides a more attractive buying point for investors, especially after the Fed’s announcement on Sunday of the launch of the Bank’s Term Financing Program (BTFP),” the analyst said. … Read more

Intercontinental Exchange (NYSE:ICE) expects to complete acquisition of Black Knight in Q3 or Q4 2023

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Intercontinental Exchange (NYSE:ICE): The Federal Trade Commission (FTC) is “unreasonable” in its attempt to block the Company’s acquisition of Black Knight, and the Company will seek judicial access to resolve the current predicament, and still expects to complete the acquisition in the third and fourth quarters of this year. March 09, 2023 – (BUSINESS WIRE) Intercontinental … Read more

Berkshire Hathaway(NYSE:BRK.A) Q4 2022 net profit $18.164 billion,down 54.18% year-over-year

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February 25, 2023 — Berkshire Hathaway(NYSE:BRK.A) Earnings (losses) of Berkshire Hathaway Inc. and its consolidated subsidiaries for the fourth quarter and full year of 2022 and 2021 are summarized below. Earnings (losses) are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts). BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS … Read more

Morgan Stanley: JPMorgan’s market cap is expected to break through the trillion-dollar mark

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Morgan Stanley analyst Betsy Graseck said that if a so-called soft landing is achieved with interest rates remaining high for longer, the largest U.S. bank would benefit from higher net interest income, as well as higher fees and improved efficiency, and the stock is an “undervalued rate-related stock.” JPMorgan’s market capitalization is expected to more … Read more

Goldman Sachs (NYSE:GS) Authorizes $30 Billion Share Repurchase Program

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Goldman Sachs (NYSE:GS) announced Friday that it had authorized a new share repurchase program of up to $30 billion. In a filing with the Securities and Exchange Commission Friday, Goldman Sachs said its board of directors approved a new share repurchase program to replace its existing one. The repurchase program has no set expiration or … Read more

Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35

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Bank of America Securities analyst Jason Kupferberg maintains an underperform rating on Coinbase (NASDAQ:COIN) and a $35 price target. The analyst told investors that while Coinbase’s fourth-quarter results beat expectations, its guidance for 2023 is very limited, and we think Wall Street may want more. The analyst said the themes in the earnings report had … Read more