Citigroup Options Spot-On: On October 4th, 92,029 Contracts Were Traded, With 2.21 Million Open Interest
Express News | CNBC Halftime Report Final Trades: Deckers Outdoor, Citigroup, Ares Management Corp, CrowdStrike
Express News | Citigroup up 2.4%, JPMorgan Chase up 2.4%, Bank of America up 2.2%
Express News | Wells Fargo up 3.2%, Morgan Stanley Rises 3%, Goldman Sachs Gains 1.6%
Express News | Shares of U.S. Big Banks Advance
Update: Market Chatter: Russian Court Freezes Assets of US Banks New York Mellon, JPMorgan
After completing a round of major financing, OpenAI has obtained a new $4 billion revolving credit line.
OpenAI announced on Thursday that the company has obtained a new revolving credit line of 4 billion dollars. The day before, the developer of the chatbot ChatGPT completed a round of financing of 6.6 billion dollars, solidifying its position as one of the world's most valuable private companies. OpenAI stated that this line of credit will increase its liquidity to 10 billion dollars, enabling the startup to purchase expensive computational power like Nvidia chips and compete with technology giants such as Google under Alphabet. OpenAI CFO Sarah Friar said: "This credit line will..."
Sector Update: Financial Stocks Retreat Late Afternoon
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Sector Update: Financial
OpenAI Announces New $4B Credit Facility With Bank Consortium
Market Chatter: Citigroup's Regulatory Issues Prompt Call for Growth Restrictions
Market Chatter: Russian Court Freezes Assets of US Banks New York Mellon, JP Morgan
Citigroup: Rated buy on ASMPT with a target price of 110 Hong Kong dollars.
Citigroup released a research report stating that, according to sources cited by the media, the American private equity firm KKR is considering making a takeover bid for the semiconductor and electric appliance manufacturer ASM Pacific Technology (ASMPT) (00522) with a value of approximately 5 billion US dollars. The report indicates that privatization news is positive for ASMPT, providing downside support for ASMPT. The stock is rated as "buy", with a target price of 110 Hong Kong dollars. The bank points out that ASM International, the major shareholder holding 25% of ASMPT shares, has held approximately 0.103 billion shares of ASMPT since 2017 and did not sell at the previous high point of 13.
Citi: Maintains a "buy" rating on Alibaba-SW, with the target price raised to 135 Hong Kong dollars.
Citi released a research report stating that it has raised Alibaba-SW's (09988) target price from HK$115 to HK$135, maintaining a "buy" rating. The bank believes that the latest monetary and fiscal policies seem to improve the wealth effect, while driving consumer sentiment and desire. The bank expects Alibaba to accelerate investments in market promotion to boost singles' day sales GMV. The report mentions that due to Taotian's service fees and the gradual adoption of the new advertising system, the bank expects the company's customer management revenue (CMR) to gradually increase, aligning with GMV growth in the coming quarters. The bank maintains its financial outlook for the company.
Citigroup: The strike at American ports, if not exceeding one month, will not have a significant impact on freight.
Citigroup analyst Sathish Sivakumar stated that, based on Citibank's basic forecast of a maximum one-month shutdown at ports on the U.S. East Coast, the impact on freight from the strike may be minimal. Citigroup stated that port strikes remain the focus of the container shipping industry, and the key issue is how long the strike will last, then it will have a more widespread impact on the supply chain. "Our analysis shows that a strike lasting up to one month is manageable and will not cause significant disruption to the supply chain."
Oppenheimer Maintains Citigroup(C.US) With Buy Rating, Raises Target Price to $92
Citigroup Options Spot-On: On October 2nd, 72,623 Contracts Were Traded, With 2.16 Million Open Interest