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Bank of America analyst really loves this Wall Street stock, sees it rallying to $700

CNBC: Investing

The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday's $624.17 The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday's $624.17

Stock 66
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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008. It’s been busy. We are nimble and agile.

Funds 59
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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. Meroni joins from Sanford Bernstein and also previously served at Lehman, Goldman Sachs, UBS Investment Bank and Nomura. He replaces Nishad Vallonthaiel as head of electronic trading.

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Wall Street's 'fear gauge' just experienced its third-biggest decline ever. What it means going forward

CNBC: Investing

That is the third-largest decline in the VIX's history going back to 1990, according to Bespoke Investment Group data, ranking behind periods in late 2008 and mid-2020.VIX Essentially, Deutsche Bank said this has been the shortest market plunge on a volatility shock on record.

IT 92
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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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“Dumb Money” Review: A Worthy Addition to the Classic Finance Movie Roster?

Mergers and Inquisitions

The Fed and other central banks cut interest rates to 0% and printed massive amounts of money to support the “fiscal stimulus” that was allegedly required to counteract the pandemic; this created a bubble in the financial markets. SPACs , cryptocurrency, and other junk went “to the moon” as people piled into risk assets.

Finance 105
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Investment Banking in Dubai: The New York of the Middle East?

Mergers and Inquisitions

Investment banking in Dubai stands out for attracting remarkable hype on social media. If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there. Investment Banking in Dubai: The Top Banks The usual U.S. are much less active.