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First Republic, Deutsche Bank, Chevon, Block fall premarket; Regeneron rises

Go back to First Republic, Deutsche Bank, Chevon, Block fall premarket; Regeneron rises

Coinbase (COIN) faces an 'incremental risk to operations' - TD Cowen

March 24, 2023 10:26 AM EDT

TD Cowen analyst Stephen Glagola downgraded Coinbase (NASDAQ: COIN) to Underperform from Market Perform with a $36 per share price target on Friday, telling investors in a note that there is an incremental risk to operations from the SEC Wells Notice and crypto banking crackdown.

The analyst stated it "appears multiple prongs of COIN's business are... More

JPMorgan Defending Deutsche (DBK:GR) (DB): 'we don’t see this and the associated share price decline as a reflection of the fundamentals of the bank'

March 24, 2023 10:24 AM EDT

JPMorgan analyst Kian Abouhossein reiterated an Overweight rating and {REMOVEPT} price target on Deutsche Bank (DBK:GR) (NYSE: DB).

The analyst comments "We are not concerned today about counterparty, liquidity issues with DBK being Top 5 FICC player globally with $9.5bn in 2022 FICC revenues. DBK s recent CDS widening is in our view related to one way trades of de-risking across all market participants and we dont see this and the associated share price... More