US equity funds hit by outflows on rising yields, rates uncertainty

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more

valuation: Looking for attractive valuation plus strong fundamentals? Financials is the answer, says Ramesh Mantri

valuation: Looking for attractive valuation plus strong fundamentals? Financials is the answer, says Ramesh Mantri

Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more

PSU Bank stocks: PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24

PSU Bank stocks: PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24

Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203 crore in FY24. On a year-on-year basis, the profit … Read more

Regional bank failures may be ahead, Former FDIC head Bair warns

Regional bank failures may be ahead, Former FDIC head Bair warns

Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I think some of them are still overly reliant on industry deposits, … Read more

Abrdn CIO slams jabs at company’s rebranded name

Abrdn CIO slams jabs at company’s rebranded name

The abrdn Plc office at St Andrew Square in Edinburgh, U.K. on Thursday, Nov. 11, 2021. Jonne Roriz | Bloomberg | Getty Images The press making jabs at the current name of asset manager Abrdn, which was rebranded from ‘Standard Life Aberdeen’, amounts to “corporate bullying,” the firm’s chief investment officer Peter Branner said. The … Read more

Loyalty, premium will make up 80% of revenue

Loyalty, premium will make up 80% of revenue

A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Charly Triballeau | Afp | Getty Images American Airlines said Monday that 80% of its revenue this year will come from loyalty program members and … Read more

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more

World’s largest hedge funds record bumper year of profits

World’s largest hedge funds record bumper year of profits

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65 … Read more

We’re raising our Morgan Stanley stock price target despite post-earnings decline

We’re raising our Morgan Stanley stock price target despite post-earnings decline

Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. But as we saw with Wells Fargo on Friday, EPS had initially looked like a miss. That, coupled with Morgan Stanley’s new CEO expressing macro caution, set the tone for a tough session for the stock. Revenue for the three months ended Dec. 30 increased … Read more

What to expect from Wells Fargo earnings Friday — and the banking sector in 2024

What to expect from Wells Fargo earnings Friday — and the banking sector in 2024

This year is shaping up to be a better time for bank stocks than in 2023. But, investors shouldn’t get too excited ahead of earnings season. Club name Wells Fargo will deliver fourth-quarter results before the opening bell on Friday. Our other financial holding, Morgan Stanley , will report on Tuesday. As important as the … Read more