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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

The analyst noted a "more cautious stance" on larger banks like JPMorgan and Goldman Sachs over what he said is a still choppy macroeconomic backdrop. Martinez also downgraded Bank of America stock to hold and trimmed his rating on Goldman Sachs to reduce. " Analysts are split on JPMorgan Chase shares.

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Coinbase is the 'most misunderstood' crypto stock and can rally nearly 50%, Bernstein says

CNBC: Investing

"Coinbase is the most misunderstood company in our Crypto coverage universe. Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank," he wrote. Shares of Coinbase closed at $344.82 Tuesday afternoon, meaning Chhugani's revised target represents upside of approximately 48%.

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Mizuho set to merge European banking and securities businesses

The TRADE

Mizuho Financial Group is planning a restructure of its European Union (EU) banking and securities businesses, bringing them together under one umbrella as a Universal Bank, subject to approval from regulators. in an all-cash transaction, with the move slated to help accelerate Mizuho’s investment banking growth strategy.

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BBVA head of FX sales departs for Lloyds Bank North America

The TRADE

In addition, New York-based Irwin previously spent almost six years at Nordic universal bank Nordea, most recently serving as senior dealer – foreign exchange sales and trading. Following the move, the bank will distribute axes of GBP and EUR investment grade and high yield corporate credit – as well as UK gilt – through Neptune.

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People Moves Monday: Northern Trust, Lloyds Bank North America and more…

The TRADE

Prior roles include four years as director of G10 and emerging markets FX at Dankse Bank, as well as director and FX trader at Societe Generale. Elsewhere, Irwin spent almost six years at Nordic universal bank Nordea, most recently serving as senior dealer – foreign exchange sales and trading.

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On-Cycle Private Equity Recruiting: Will PE Firms Start Recruiting 10-Year-Old Children Soon?

Mergers and Inquisitions

If you want to participate, you must start preparing after you win a return offer from your investment banking internship because PE firms could move up the timeline even earlier. The short answer is that it’s based almost entirely on your university, bank name/group, GPA, and other criteria you have no way to change.

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JPMorgan upgraded by KBW one day after downgrade at other firm knocked stock

CNBC: Investing

"Front-foot investing and the benefits from deregulation only widen JPM's competitive moat to peers." Additionally, McGratty anticipates a shift toward deregulation in the banking sector, leading to more stock buybacks, especially for large-cap banks but extending to large regional banks, although "to a lesser extent.

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