Cryptocurrency Analysis and News Portal
Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook. Apple Inc (NASDAQ: AAPL) top executives led by Chief Executive Officer (CEO) Tim Cook, senior vice presidents Deirdre O’Brien and Katherine Adams offloaded part of their shareholdings according to filings with the United States Securities
Read More
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory. Source
Read More
After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention of alleviating the impact of such severe shocks on
Read More
In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion. The shares of San Francisco-based financial services firm, First Republic Bank (NYSE: FRC) are tumbling in today’s Pre-market after the firm got
Read More
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and
Read More
Raymond James says it remains bullish on the firm’s long-term prospects to deliver higher loan growth, operating efficiency and credit metrics, but says the bank’s plan to diversify its business model will likely result in slower growth and net interest margin (NIM) compression. Source
Read More
Wells Fargo skips the neutral rating, downgrading Silvergate to underweight from overweight. Source
Read More
Alongside the downgrade, Dolev slashed his price target to $57 from $125 (the stock closed at $59.45 last night). Earlier this month, Block was on the receiving end of a double downgrade at Evercore ISI, which cut to underperform from outperform. In July, Macquarie also downgraded the stock. Source
Read More
"The 3AC exposure raises survivability questions for VOYG," Chris Allen, an analyst with boutique investment bank Compass Point said in a note to clients Wednesday. "With 3AC contemplating asset sales or a rescue by another firm , it is unclear if the fund will be able to repay its outstanding
Read More
Tesla (TSLA) stock price dropped yesterday by 4.10% to close the day at $1476.49. However, the stock is up today. The fall is attributed to a downgrade call by Bernstein analyst Toni Sacconaghi.One of the leading coronavirus stocks used to be the one from Tesla Inc (NASDAQ: TSLA), however, the
Read More