The list of "too big to fail" global banks has been updated: Bank of America (BAC.US) has been downgraded, while French agriculture crediting bank has been upgraded.
The Financial Stability Committee has included the bank of america in its lower tier of "too big to fail" banks, while the French agriculture crediting bank (CRARF.US) has entered a higher tier.
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Bank of America Securities: First assigned a "buy" rating to Maoyan Entertainment with a target price of HK$11.
Bank of America Securities released a research report stating that it has initiated coverage on maoyan ent (01896) with a "buy" rating and a target price of 11 HKD. The bank noted that the initiation of the "buy" investment rating is based on the company's position as a major beneficiary of the domestic box office recovery; further gaining market share through vertical expansion in filmmaking and distribution; a light asset model with profits higher than those of peers, resulting in greater profit resilience. The bank also described the company as a leading driver in the domestic filmmaking industry. The bank estimates that the company's revenue and profit compound annual growth rates for 2024 to 2026 will be 18% and 30%, respectively; net profit margin is projected to expand from 13.8% in 2024 to 16% in 2026.
The rise in stock prices has triggered a chain reaction! Deutsche Bank warns that major Wall Street firms may reduce share buybacks.
Deutsche Bank stated that US bank stocks have rebounded since the end of September.
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