According to TheFly, Baird noted that the risk-reward ratio in the U.S. banks group has improved after this week's weakness in share prices. The recent weakness in the bank group has created an opportunity to get more constructive, it added.
SPY is a popular ETF tracking the S&P 500 index, with a large asset base and exposure to stable large-cap companies. However, it faces competition from other low-cost ETFs like VOO and IVV.
Blackstone Credit & Insurance and ITE Management also launched a strategic forward flow partnership. Under this, BXCI will target providing ITE with up to $2 billion of capital for investments and financing over the initial phase of the partnership.
According to a CNBC report, JPMorgan analyst Stephen Tusa noted that the stock is trading below its HVAC peers and the sector. The analyst considers the stock the most attractive of the top three premium HVAC players on a relative basis.
KKR acquired a 65% majority stake in Seiyu from Walmart in 2021 and then bought an additional 20% stake from Rakuten in 2023, taking its total shareholding to 85%. The investments were made from the company’s Asian Fund IV.
The highlight was the 234% surge in cryptocurrency ADV. CME reported a record monthly Ether futures ADV of 15,000 contracts. Micro Ether futures ADV jumped 374% to 94,000 contracts, while Micro Bitcoin futures ADV rose 209% to 76,000 contracts.
Honeywell expects the deal to be immediately accretive to its sales growth, segment margin, and adjusted earnings per share in the first full year of ownership. The acquisition is expected to close in the second quarter of 2025.
According to a Bloomberg report, the error occurred after a staffer copied and pasted the account number into the field instead of the amount to be transferred.
