First Republic shares slid almost 33% after deposit infusion, dragging down other regional banks

People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Shares of First Republic were under severe pressure Friday despite the beaten-down regional bank receiving aid from other financial institutions the day before. At the market close, … Read more

Markets are still hostage to the Fed, but managing to hang in there

Starting with the January jobs report released Feb. 3, it has been a relentless stream of bad news on the inflation front. The past week has brought no relief: from the January personal consumption expenditures price report to the prices paid component of the ISM Manufacturing report to Thursday’s initial jobless claims and final unit … Read more

‘A tsunami effect’: ETF fund manager bets on the robot boom

Artificial intelligence isn’t just a hot topic in Hollywood. While horror robot movie “M3gan” racks up millions at the winter box office, the ETF industry is seeing opportunities from the controversial technology. According to ROBO Global CIO William Studebaker, the economic benefits could be staggering. “You’re going to see a tsunami effect in terms of … Read more

Time for a change? Shifting away from this popular ETF strategy may benefit investors

With Wall Street jitters increasing over the number of interest rate hikes ahead, VettaFi’s Todd Rosenbluth sees signs of a comeback in managed fixed-income exchange-traded funds and away from passive ETF products. “It’s not clear how fast the Fed is going to slow down and how quickly that that’s going to adjust the marketplace,” the … Read more

Morgan Stanley’s Mike Wilson warns there’s a group of stocks that are riskier than growth shares

Morgan Stanley’s Mike Wilson is telling investors to avoid a popular trade tied to the economy. “Cyclicals probably are more risky now than the growth stocks,” the firm’s chief U.S. equity strategist and CIO recently told CNBC’s ” Fast Money .” “The growth stocks — a lot of them had their comeuppance last year with … Read more

Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, receiving a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a 1.8 billion euro ($1.98 billion) net profit … Read more

JPMorgan Chase is set to report fourth-quarter earnings — here’s what the Street expects

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. … Read more

BofA top banker Rick Sherlund predicts 2023 tech comeback, delivers bullish software call

Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is weathering upcoming earnings season first. “What we need to do is de-risk 2023 numbers,” the firm’s vice chair of technology investment banking told CNBC’s … Read more

This little-known software stock is a high quality growth pick that could jump 45% in the second half of 2023, Bank of America says

Investors should buy JFrog ahead of a recovery in the second half of 2023, according to Bank of America. Analyst Brad Sills upgraded shares of JFrog to buy from neutral, saying the high quality growth stock could bounce later this year — even if it is out of favor with investors for the moment. “We … Read more

Credit Suisse upgrades Corning, says optics stock is leaving challenges behind in 2022

Investors can expect a clear path forward for Corning , according to Credit Suisse. Analyst Shannon Cross upgraded shares to outperform from neutral, saying the company’s previous challenges no longer weigh on the stock. “[We] believe a number of our prior concerns are now behind the company or baked into the stock’s current multiple of … Read more