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Wall Street Today: Market Had Us in the First Half, Not Gonna Lie
Market Chatter: Citigroup's Global Head of Real Estate, Gaming, Lodging Leaves
Live Stock News: Apple Pulling $500B For U.S. AI, But is it Enough to Move the Needle
Wall Street's major firms are competing for the private Crediting market, with JPMorgan planning to allocate an additional 50 billion dollars for direct loan Business.
JPMorgan is significantly expanding its direct lending Business, allocating an additional 50 billion dollars to seize a larger share in the rapidly growing market. Troy Rohrbaugh, co-head of JPMorgan's Commercial Banking and Investment Banking, along with Kevin Foley, head of Global Capital Markets, stated that since 2021, the bank has invested over 10 billion dollars in more than 100 private Crediting transactions from its balance sheet, and this new commitment is built upon that foundation. JPMorgan has partnered with several co-lending partners, which have also invested nearly 15 billion dollars for this purpose. "If the environment and risks
Barclays Maintains Citigroup(C.US) With Buy Rating, Maintains Target Price $95
Citi: Upgraded HUANENG POWER to "Buy" rating and raised the Target Price to 6 HKD.
Citigroup published a Research Report stating that it upgraded the rating of Huaneng Power International Co., Ltd. (00902) from "Sell" to "Buy," with the Target Price raised by 62% to 6 Hong Kong dollars. The bank indicated that this adjustment is based on its increased net profit forecasts for the company in the next two years by 12% and 8% respectively, mainly considering the improvement in profit margins due to the decline in unit coal costs, which fully offsets the impact of falling electricity prices, especially since recent coal prices have been weaker than expected. The bank expects Huaneng to have a dividend per share of 0.31 RMB this year, representing a yield of 7.8% for H shares and 4.7% for A shares, making it particularly attractive to domestic investors.
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