Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happ...
Tag: Downgrades
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks – Bitcoin News
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U...
Analyst downgrades Tesla stock after 50% pop
Tesla’s stock is overdue for a downshift into neutral after a sizzling 54% year to date run, warns one Wall Street analyst. Berenberg analyst Adrian Yanoshik slashed his rating on the stock to h...
Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility
However, the downgrade doesn’t mean the analyst is giving up completely on the stock. “As SI’s shares have fallen, we have defended the bank’s management, operating platform, r...
Silvergate down by 89.58% Since Last Year, KBW Analyst Downgrades
When a huge financial institution, like the crypto-focused Silvergate bank, has its name in the list of accomplices, it knowingly or unknowingly affects its image and, therefore, shares prices fall dr...
Moody’s downgrades Silvergate, with outlook still negative even as big firms buy shares
Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank following the downgrade of its standalone Baseline Credit Assessment to b2 from ba3. Silvergate...
Moody’s Downgrades Egypt, Pushing Bonds Further Into Junk Status
Downtown Cairo, Egypt at dusk getty Moody’s Investors Service downgraded Egypt’s credit rating from B2 to B3 on February 7, pushing the North African country further into junk bond or non-...
S&P downgrades Coinbase debt to speculative
The most recent wave of layoffs at Coinbase has led to a dramatic drop in investor confidence in the company’s ability to pay its debts. The credit rating agency cited decreased trading volumes at Coi...
Jefferies Group downgrades this BTC miner due to construction delays. Details inside…
Investment bank Jefferies Group downgraded its rating for Bitcoin miner Marathon Digital Holdings Marathon Digital shares surged by more than 3% at $4.23 in pre-market trading in line with the broade...
JPMorgan Downgrades Crypto Bank Silvergate Capital After 4Q Results, Shares Slump
“These events highlight Silvergate Bank’s significant operating challenges, in particular the profitability, funding and liquidity risk associated with amplified deposit volatility driven by unc...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Citi Downgrades Robinhood’s Stock From Buy to Neutral
Exchange News The analyst said the timeline is “uncertain” at this point. Shares of HOOD had their price objective cut by Christopher Allen and Ygal Arounian. Robinhood Markets (HOOD) stock was downgr...
Citi Downgrades Robinhood Stock to Neutral, Cites FTX Fallout Concerns
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and t...
Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue
The collapse of FTX and the resulting fallout has a number of potential implications for Robinhood, the report said. These include the potential liquidation of 56.3 million shares owned by FTX founder...
Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30
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UnitedHealth, Cigna stocks fall after Raymond James downgrades, citing tripledemic and policy concerns
Shares of UnitedHealth Group Inc. UNH, -1.69% fell 0.5% and Cigna Corp. CI, -0.43% slumped 2.3% in premarket trading Monday, after Raymond James analyst John Ransom downgraded the health insurers, cit...
Bank of America Downgrades Coinbase Stock to Neutral, COIN Down 7%
Bank of America today said it is downgrading the stock of U.S. cryptocurrency exchange Coinbase from buy to neutral. The price of COIN is down 7% over the last 24 hours and is currently trading at $45...
TSMC’s stock slumps after reported diss of U.S. chip efforts; industry downgrades also weigh on sector
Chip stocks lagged behind the broader market Monday following one report that Taiwan Semiconductor Manufacturing Co. is pessimistic about U.S. efforts to build domestic capacity, and another that said...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...
Ford Stock, General Motors Fall After Analyst Downgrades
A potential serious recession on the horizon has some analysts worried about shares of major automakers. Ford (F) and General Motors (GM) both received downgrades on Monday, despite rising third-quart...
Wells Fargo downgrades Lockheed Martin despite the Ukraine war
Lockheed Martin Corporation (NYSE: LMT) is up 13% versus the start of 2022 but a Wells Fargo analyst says it’s pretty much as far as it goes. Lockheed Martin is fairly priced On Wednesday, Matthew Ake...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...
Dow Inc., LyondellBasell and Westlake Get ‘Petrochemical Recession’ Downgrades
Text size Dow recently announced plans to cut its global polyethylene operating rates by 15%. Jeff Kowalsky/Bloomberg Dow Inc. is one of three chemicals stocks that KeyBanc downgraded, noting a “petro...
BofA downgrades three homebuilders as housing downturn accelerates
Analysts from Bank of America cutting their rating on shares of three homebuilders in a note out Thursday as the housing market faces an economic slowdown. Rafe Jadrosich at Bank of America Global Res...
Credit Suisse hit with stock and credit downgrades after earnings plunge
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sa...
A Verizon Communications Bull Gives Up and Downgrades the Stock
Text size Verizon Communications recently reduced its adjusted earnings guidance for fiscal 2022. David Paul Morris/Bloomberg Wall Street rarely like to talk about its bad calls, but BofA is now admit...
IBM’s ‘substantial’ dividend, debt take wind out of Big Blue’s sails as analyst downgrades stock
International Business Machines Corp.’s stock was downgraded Monday after one analyst said that with Big Blue’s transformation efforts and its somewhat stable stock price over the year, there isn’t mu...