Asian ended mostly higher on Friday, even as Nvidia's strong earnings and guidance failed to dispel investor fears over the durability of an AI boom. The Japanese yen and U.S. Treasuries rose in Asian trade while gold held steady a tad below $5,200 an ounce. Oil prices edged up slightly after diplomatic efforts between the United States and Iran aimed at easing tensions over Tehran's nuclear program concluded on Thursday without an agreement. Following meetings in Switzerland, an Omani mediator involved in ...

Yahoo Finance reported that JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warned on February 23 that the financial environment feels similar to the years before the global financial crisis.Speaking at the company’s annual investor day in New York, Dimon said: “Unfortunately, we did see this in ’05, ’06, ’07, almost the same thing. The rising tide lifting all boats, everyone was making a lot of money, people leveraging to the hilt. The sky was the limit.”These comments by Dimon come during a volatile time ...

By Reuters Item 1 of 2 A Hongkong and Shanghai Banking Corporation (HSBC) logo is displayed outside a bank branch in Sydney, Australia, August 19, 2025. REUTERS/Hollie Adams [1/2]A Hongkong and Shanghai Banking Corporation (HSBC) logo is displayed outside a bank branch in Sydney, Australia, August 19, 2025. REUTERS/Hollie Adams Purchase Licensing Rights, opens new tab HONG KONG, Feb 26 (Reuters) - HSBC (HSBA.L), opens new tab has started the sale process for its Singapore life insurance product manufacturin ...

FactSet Research Systems Inc. (NYSE:FDS) is included among the 13 Most Promising Long-Term Stocks to Buy According to Hedge Funds. FactSet (FDS) Faces Price Target Cut from Barclays on Market Data Industry Concerns Photo by Jp Valery on Unsplash On February 23, Barclays lowered its price recommendation on FactSet Research Systems Inc. (NYSE:FDS) to $210 from $300. The firm maintained an Underweight rating on the shares. In its research note, Barclays said AI has “exacerbated investor concerns around wha ...

Group 1: Market Reactions to AI Concerns - A renewed sell-off in stocks perceived to be at risk from AI disruption has occurred, particularly affecting software and data companies like Workday, Adobe, and Oracle [1] - The FTSE 100 index has seen a decline, with banks and miners contributing to the drop, as anxiety around AI threats influences market sentiment [13][26] - The AI fear trade has extended to various sectors, including delivery and payment stocks, with significant declines in companies like American Express, Mastercard, and Visa [27][28] Group 2: Company-Specific Updates - Oxford BioMedica shares fell 9% despite a robust trading update, as investors awaited news on a potential takeover from EQT [6] - Unite shares dropped over 9% after reporting earnings at the lower end of guidance for 2025, alongside a softer outlook for 2026 [7] - Croda International reported profits at the top end of guidance, with sales for 2025 rising 4.4% to £1.7 billion, and adjusted operating profit increasing 7.9% to £295.3 million [19] Group 3: Economic and Sectoral Implications - A Citrini Research memo outlined a hypothetical scenario where rapid AI disruption could lead to mass unemployment, potentially undermining consumer demand and investment incentives [28][29] - The market is entering a phase where extreme scenarios generate outsized reactions, particularly concerning capital flows within the software-financing ecosystem [29] - Concerns about liquidity mismatches in private credit markets, particularly related to software-backed loans, have emerged, indicating potential vulnerabilities in the financial system [22][24]

Core Insights - KKR & Co. Inc. has seen significant changes in institutional ownership, with several hedge funds increasing their positions dramatically in the third quarter of the year [1][6] - Insider trading activity indicates confidence in the company's future, with both the Director and CEO purchasing substantial shares [2] - Analysts have mixed but generally positive outlooks on KKR's stock, with upgrades and downgrades from various firms [3][4] Institutional Ownership - Covenant Asset Management LLC increased its holdings by 1,424.8%, now owning 29,826 shares valued at $3,876,000 after acquiring 27,870 shares [1] - Cumberland Partners Ltd raised its position by 816.2%, owning 25,791 shares worth $3,352,000 after acquiring 22,976 shares [1] - Allen Investment Management LLC increased its position by 165.0%, now holding 247,375 shares valued at $32,146,000 after acquiring 154,009 shares [1] - Stonegate Investment Group LLC purchased a new position valued at approximately $6,219,000 [1] - Generali Asset Management SPA SGR boosted its position by 132.5%, now owning 37,323 shares valued at $4,850,000 after purchasing 21,270 shares [1] - Institutional investors currently own 76.26% of KKR's stock [1] Insider Transactions - Director Matt Cohler acquired 43,872 shares at an average cost of $102.90 per share, totaling $4,514,428.80, representing a 2,733.46% increase in his position [2] - CEO Scott C. Nuttall purchased 125,000 shares at an average price of $102.66 per share, totaling $12,832,500, resulting in a 0.81% increase in his holdings [2] - Insiders have collectively bought 343,872 shares worth $35,367,179 over the last three months, with insiders owning 39.34% of the company's stock [2] Analyst Ratings - HSBC upgraded KKR from a "hold" to a "buy" rating with a price target of $144.00 [3] - Barclays lowered its price target from $159.00 to $136.00 while maintaining an "overweight" rating [3] - Wall Street Zen upgraded KKR from a "sell" to a "hold" rating [4] - Oppenheimer reduced its price target from $190.00 to $187.00, maintaining an "outperform" rating [4] - UBS Group lowered its target price from $168.00 to $125.00 while keeping a "buy" rating [4] - The average rating for KKR is "Moderate Buy" with an average target price of $153.50 [4] Financial Performance - KKR reported a quarterly EPS of $1.12, missing estimates of $1.14, with revenue of $5.93 billion, significantly exceeding expectations of $2.23 billion [7] - The company's quarterly revenue increased by 76.1% compared to the same quarter last year [7] - KKR's net margin stands at 11.97% and return on equity at 5.77% [7] Dividend Information - KKR announced a quarterly dividend of $0.185, with an annualized dividend of $0.74 and a yield of 0.7% [8] - The dividend payout ratio is currently 31.62% [8] Company Overview - KKR & Co. Inc. is a global investment firm specializing in private markets and alternative asset management, founded in 1976 [9] - The firm operates across various sectors including private equity, credit, real assets, growth equity, and hedge fund strategies [9][10]

Air Liquide - Air Liquide reported full-year revenue of €26.94 billion, slightly missing analyst estimates of €27.07 billion [10] - The company achieved recurring operating income of €5.58 billion, just below the anticipated €5.60 billion, with a recurring operating margin of 20.7% [2] - A dividend of €3.70 per share was announced, up from €3.30 the previous year, indicating management's confidence in long-term cash flow stability [3] HSBC - HSBC downgraded Walmart (WMT) from Buy to Hold due to cautious guidance for the 2026 fiscal year, citing tariff uncertainty and moderating inflation as potential headwinds [4] - The bank raised its price target for Merck & Co (MRK) to $135 from $120, highlighting the company's credible oncology strategy and management of patent cliffs [5] - HSBC also increased the price target for Occidental Petroleum (OXY) to $59 from $54, reflecting a positive outlook on the company's operations in the Permian Basin [5] MOL - MOL has been granted preferential access to Hungary's strategic crude oil reserves following the cessation of Russian crude deliveries through the Druzhba pipeline [6] - To address the supply gap, MOL is transitioning to maritime imports via the Adriatic port of Omišalj in Croatia, with the release of approximately 250,000 tons of strategic reserves deemed essential for refinery operations in Hungary and Slovakia [7] APAC Markets - The Hang Seng index experienced a sharp decline after the Lunar New Year holidays, influenced by a negative sentiment from Wall Street and concerns regarding private credit funds [8] - Big tech companies led the decline in Hong Kong, with investors adjusting expectations post-holiday [9] - Market participants are monitoring for potential support measures from Beijing to address ongoing producer deflation and weak consumer sentiment [9]

The shock exit of Standard Chartered’s finance chief and the implications of HSBC’s multibillion-dollar purchase of a bank stake will loom large as the two report earnings https://t.co/BYq0b0CADe ...

Group 1 - Citigroup's Private Bank in North America has appointed Chad Reddy as the market executive for the West, enhancing its leadership team [1] - Chad Reddy brings 25 years of wealth management experience, having previously served as managing director and market leader at Bank of America Private Bank for over 15 years [1] - Reddy has also held senior leadership roles at Wells Fargo Private Bank, indicating a strong background in the industry [1] Group 2 - Reddy will report to Chris Biotti, who is the head of Citi Private Bank North America, suggesting a structured leadership hierarchy [1]

Group 1 - HSBC has cut 10% of its U.S.-based debt capital markets team as part of ongoing cost-cutting measures following a business revamp announced last October [1] - At least six employees in New York were let go as part of this reduction [1] - The report on these layoffs was cited by Bloomberg News, although HSBC did not immediately respond to requests for comment [1]