US Stock Reports, Quotes and News
M&T Bank (NYSE: MTB) has released its first-quarter financial results for 2024, showcasing a mix of strong loan growth and controlled expenses, alongside community-focused initiatives. The bank reported a stable Common Equity Tier 1 (CET1) ratio and a slight decrease in net interest income, while expenses only increased marginally compared to the previous year.
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.
Bank of America Securities upgraded shares of Cisco Systems (NASDAQ:CSCO) to Buy from Neutral in a note Monday, raising the stock price target to $60 from $55 per share.
Sahil Kapoor from DSP Mutual Fund discusses market recalibration due to slowing top-line growth, peak profit margins, and the need to reassess high earnings multiples in small and midcap stocks over the next 12 to 24 months. Kapoor says: \”The market is building up a very large earnings growth trajectory over the next one or two years or three years and some of those numbers appear to be a little shaky. \”
ZURICH (Reuters) – The Swiss government\’s proposed tougher capital requirements for the banking industry will impact UBS\’s ability to grow, the country\’s finance minister said in an interview published on Saturday.
The Big Four in this business – Groww, Zerodha, Angel One, and Upstox – continue to displace traditional brokers with a 63% combined market share of active clients by the end of FY24, up 4 percentage points in a year, showed NSE data.
Mirae Asset Investment Managers are bullish on India\’s economy, emphasizing growth prospects. Ankit Jain sees opportunities in midcap companies, consumer, and financial services sectors. Positive outlook despite stretched valuations, with focus on earnings growth and investment opportunities in various sectors. Jain says: \”The 1-year forward P/E ratio for Nifty stands at 22.5x, while for the Midcap 100, it is 24.5x, representing a premium of 12-15% over their respective 10-year averages.\”