|Bid||11.62 x 21500|
|Ask||11.63 x 29200|
|Day's Range||11.55 - 11.67|
|52 Week Range||10.23 - 16.30|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.26 (1.99%)|
|1y Target Est||16.64|
(Bloomberg) -- A top Manhattan class-action lawyer spread anxiety across trading desks recently when he identified 27 traders by name in a lawsuit alleging that their employers colluded to rig trading in Fannie Mae and Freddie Mac bonds.
It has also been amended to reflect that shares of Arabian Centres are due to start trading on Wednesday. It will be the biggest initial public offering since the $6bn listing of lender National Commercial Bank in late 2014.
A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique. Detelina Subeva, 37, pleaded guilty to one count of money laundering conspiracy before U.S. District Judge William Kuntz in Brooklyn, New York. Subeva is one of three Credit Suisse bankers charged by U.S. prosecutors in January with taking part in the scheme.
(Bloomberg) -- Software provider Fastly Inc. closed its trading debut Friday up 50% after raising $180 million in its U.S. initial public offering.
Credit Suisse Group AG has established a unit focussing on so-called family office services in Greater China, as demand continues to surge among rich Asians wanting to set up private investment vehicles and plan for business succession. The Swiss private bank has appointed Tan Mae Shen, senior specialist for family office services in Asia Pacific, to provide coverage for clients in Greater China, which includes Hong Kong, Credit Suisse said in a statement on Friday.
These days, younger consumers are smarter, Tracy Dubb says. VCs should be smarter — and younger — too.
Big global banks in trouble again, with the expected conclusion of investigation by EU regulators, in the coming weeks, alleging the financial firms for rigging prices in the foreign exchange market.
NEW YORK, May 9, 2019 /PRNewswire/ -- Commodities declined as beneficial weather increased supply expectations for crops and as the trade conflict between the US and China continued to weigh on base metals demand expectations. Industrial Metals decreased 3.42% as trade negotiations between the US and China continued without a clear trade deal in sight. This development, paired with a reduced global growth outlook by the International Monetary Fund, reduced base metals demand expectations broadly.
CSAM, with at least $25 billion in CLO assets under management, has the potential to set a new precedent for other syndicated transactions to follow. The 405.5 million euro ($453 million) transaction, Madison Park Euro Funding XIV, is being arranged by Credit Suisse with pricing targeted for the middle of this month, according to a person familiar with the matter.
JPMorgan's (JPM) plan to own a majority stake in its Chinese mutual fund joint venture will further strengthen its operations in the country.
Luckin Coffee, which operates a chain of coffee locations across China, has filed to go public in the U.S. (the company expects to list on the NASDAQ under the ticker of LK). The terms of the deal have not been set but the buzz is that the offering could raise about $800 million at a valuation of $5 billion. The lead underwriters for the Luckin Coffee IPO include Credit Suisse (NYSE:CS), Morgan Stanley (NYSE:MS), CICC and Haitong International.Source: Shutterstock Luckin Coffee is the brainchild of 42-year old Jenny Zhiya Qian. Before founding the company, she was the chief operating officer of UCAR, which is a ride-hailing operator in China. While there, she saw how technology can scale at a staggering pace. * 10 Vice Stocks to Spice Up Your Portfolio And she has applied the same strategy to Luckin. In fact, it seems that she only knows one speed: hyper fast!InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn about 18 months, Luckin has gone from one location to 2,370 across 28 cities. At the current pace, the expectation is that the company will be larger than Starbuck's (NASDAQ:SBUX) -- in terms of locations -- by the end of the year. Background on the Luckin Coffee IPOLuckin has three types of storefronts: pick-up stores, relax stores and delivery kitchens. Of these, the primary focus is on pick-up stores, which account for over 90% of the total. They are located in office buildings, university campuses and commercial areas -- allowing for access to higher traffic areas but also having the benefit of lower rental costs. The pick-up stores have also become important for establishing a delivery network -- which includes a group of couriers -- that accounts for over 60% of orders.Another key strategy -- which may be the most important for the Luckin Coffee IPO -- is the aggressive investment in technology. According to the S-1: "We leverage big data analytics and AI to analyze our customer behavior and transaction data, which enables us to continuously enhance our products and services, implement dynamic pricing and improve customer retention. We also leverage our proprietary technologies in store operations and supply chain to support our business, such as new store selection, inventory management and workforce management. Our focus on technologies has enabled us to operate efficiently, grow rapidly while maintaining quality control."The Luckin Coffee mobile app is also is critical. For example, customers can easily pay with services from Tencent's (OTCMKTS:TCEHY) WeChat and Alibaba's (NYSE:BABA) Alipay. Bottom Line on the Luckin Coffee IPOThere are certainly glaring risk factors with the Luckin Coffee IPO. First of all, the losses are enormous, coming to $241.3 million last year on sales of only $125.3 million. Let's face it, the costs of growth are far from cheap. It also does not help that Luckin has ginned up sales with heavy discounts and ubiquitous promotions.Next, the company is counting on a change in consumer behavior in China, which will likely be challenging. Note that coffee consumption is fairly low as people prefer tea. A study from Frost & Sullivan indicates that the per capital coffee consumption is a mere 6.2 cups per year. By comparison, it's 388 in the US.And finally, the fast growth could wind up being a problem, as it can be extremely difficult to manage (a new location is launched every 15 hours). This is especially difficult in China since the government can be mercurial. * 7 Energy Stocks to Buy to Light Up Your Portfolio True, the IPO market is red-hot right now -- but then again, investors are also discerning. Just look at the tepid response to the Lyft (NASDAQ:LYFT) offering, which is off 13% from its high. So given the issues with Luckin, the best plan may be to skip the deal for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Luckin Coffee IPO: A Dangerous Brew for Investors? appeared first on InvestorPlace.
NEW YORK , May 6, 2019 /PRNewswire/ -- On May 2, 2019 , Credit Suisse declared coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on 4/30/19 Ex-Date Record Date Payment ...
Investing.com - Investors look hungry for vegan burgers midday, as shares of Beyond Meat doubled on their first day of trading.
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Credit Suisse Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,280 per ounce in 2019 and $1,300 in 2020.
The maker of vegan chicken and beef substitutes plans to sell about 9.63 million shares for $23 to $25 each, according to an updated filing Tuesday with the U.S. Securities and Exchange Commission. The El Segundo, California-based company would be valued at about $1.5 billion if it sold shares at the top of that range, the filing shows. The company would have had a market value of about $1.2 billion selling shares at the top of that range.
A Swiss anti-corruption lobby group has filed a criminal complaint against Credit Suisse over alleged fraud in the arrangement of $2 billion of loans to Mozambique, the group said on Monday. Mozambique, one of the most indebted countries in the world, in 2016 admitted to billions of dollars of undisclosed borrowing, sparking a debt crisis and leading to the arrest of government officials and international bankers in the United States, United Kingdom and South Africa. Three former Credit Suisse bankers were arrested in London in January on U.S. charges of conspiring to violate anti-bribery law and to commit money laundering and securities fraud, while former Mozambique finance minister Manuel Chang was arrested in South Africa as part of the same case.