citigroup
Barrick Gold Corp (NYSE: GOLD) has outperformed market expectations with its Q2 2024 earnings, reflecting strong operational performance amidst a booming gold market. As gold prices hover near historic highs, Barrick’s strategic initiatives and robust financials position the company to capitalize on ongoing market opportunities. Q2 earnings in detailIn Q2 2024, Barrick reported non-GAAP earnings per share (EPS) of $0.32, surpassing analyst estimates by $0.05. The company achieved revenues of $3.16 billion, marking an 11.7% year-over-year increase. This growth was driven by a combination of two...
Invezz
Tras un impresionante informe de ganancias del segundo trimestre, Upstart Holdings Inc (NASDAQ: UPST) ha sido testigo de un cambio significativo en las percepciones de los analistas. En particular, Citi actualizó la compañía de ‘Venta/Alto Riesgo’ a ‘Neutral/Alto Riesgo’, elevando simultáneamente su precio objetivo de $15 a $33. Este ajuste refleja una mejora de las perspectivas basada en varios factores, incluido un mayor índice de conversión y un menor impacto de las variables macroeconómicas sobre las pérdidas crediticias. Mientras tanto, Piper Sandler mantuvo una calificación ‘Neutral’ per...
Invezz - ES
Nach einem beeindruckenden Ergebnisbericht für das zweite Quartal war bei Upstart Holdings Inc (NASDAQ: UPST) ein deutlicher Wandel in der Wahrnehmung der Analysten zu beobachten. Insbesondere stufte Citi das Unternehmen von „Verkaufen/Hohes Risiko“ auf „Neutral/Hohes Risiko“ hoch und erhöhte gleichzeitig das Kursziel von 15 auf 33 US-Dollar. Diese Anpassung spiegelt eine verbesserte Prognose wider, die auf mehreren Faktoren beruht, darunter ein verbessertes Umrechnungsverhältnis und ein geringerer Einfluss makroökonomischer Variablen auf Kreditverluste. Unterdessen behielt Piper Sandler die E...
Invezz - DE
Following an impressive second-quarter earnings report, Upstart Holdings Inc (NASDAQ: UPST) has witnessed a significant shift in analyst perceptions. Notably, Citi upgraded the company from ‘Sell/High Risk’ to ‘Neutral/High Risk,’ simultaneously raising their price target from $15 to $33. This adjustment reflects an improved outlook based on several factors including an enhanced conversion ratio and reduced impact from macroeconomic variables on credit losses. Meanwhile, Piper Sandler maintained a ‘Neutral’ rating but raised their price target to $31 from $28, suggesting a cautious yet optimis...
Invezz
Coinbase Global Inc. (NASDAQ: COIN) received an upgrade today from Citi analyst Peter Christiansen, who shifted the stock from a Neutral/High-Risk rating to a Buy/High-Risk rating. Along with this upgrade, he increased his price target on the stock to $345 from $260, indicating a potential 30% rise from its current price. Analyst ratings and market sentimentCoinbase’s journey is being closely monitored by various analysts. Notably, analysts at Raymond James recently highlighted a sequential decrease in cryptocurrency trading volumes, projecting the company to report softer Q2 results compared ...
Invezz
Former Citigroup managing director Kathleen Martin has filed an amended lawsuit against the bank, alleging intentional deception by its Chief Operating Officer, Anand Selva. Martin claims she was dismissed for refusing to mislead a federal regulator about the bank’s risk management practices. Martin’s lawsuit, filed in Manhattan federal court, asserts that Selva aimed to misreport Citigroup’s metrics to deceive the Office of the Comptroller of the Currency (OCC). This, she alleges, was intended to create an illusion of compliance with a $400 million settlement agreement from 2020, which addres...
Invezz
ValueWalk
Citigroup on Friday reported strong second-quarter results for 2024, surpassing analysts’ expectations in both profit and revenue. The multinational investment bank and financial services corporation experienced significant growth, largely due to a rebound in Wall Street activity, which greatly contributed to its positive performance. Key figures from Citigroup’s Q2 resultsEarnings: $1.52 per share, exceeding the anticipated $1.39 per share as per LSEG.Revenue: $20.14 billion, surpassing the expected $20.07 billion.Net Income: Increased by 10% year-on-year to $3.22 billion, translating to $1.5...
Invezz
US banking regulators have rejected Citigroup’s ‘living will’, a plan designed to outline the bank’s strategy for orderly winding down in the event of a catastrophic failure. This decision marks a significant setback for Citigroup, which has been under regulatory pressure to enhance its risk controls for nearly four years. FDIC’s rejection of Citigroup’s living will In a closed-door meeting, the Federal Deposit Insurance Corporation’s (FDIC) five-member board voted to reject Citigroup’s resolution plan. This decision is part of the regulatory framework established after the financial crisis, w...
Invezz
ValueWalk
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