Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
Brokerage CLSA maintained an outperform rating on Sun TV and a buy rating on Ashok Leyland. InCred upgraded Divi’s Laboratories to Add and JPMorgan has an overweight rating on Exide Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Sun TV: Outperform| Target Rs 720CLSA … Read more
NEW DELHI: JP Morgan has issued a stark warning about the US stock market, predicting a significant drop in the S&P 500 by the end of the year. The bank’s chief market strategist, Marko Kolanovic, projects the index to fall to 4,200, marking the lowest year-end target among major Wall Street banks. This forecast implies … Read more
Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on Monday. The chief executive officer of JPMorgan Chase & Co told shareholders the timetable is “not five years anymore,” in response to a question about how long he planned to remain CEO. The largest US … Read more
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia’s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
New Delhi: The central government’s fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts. That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will … Read more
NEW DELHI: Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts.That’s the view from Rajiv Batra of JPMorgan Chase & Co, who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors … Read more
Citigroup hired JPMorgan Chase’s Viswas Raghavan as head of banking and executive vice chair, poaching from a key rival as CEO Jane Fraser presses ahead with the bank’s biggest restructuring in decades.Raghavan, who is expected to start at the bank in summer, will also join the firm’s executive management team and report directly to Fraser, … Read more