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ubs lowers price target on apollo global management to 155 dollars
UBS has lowered its price target on Apollo Global Management to $155 from $170 while maintaining a neutral rating. Apollo specializes in alternative asset management, focusing on retirement savings products for institutions, companies, and individuals, as well as fund management for various investors.
recession predictions rise amid trade war concerns and economic indicators
Economists' predictions about a potential recession have fluctuated significantly, with many now raising their forecasts due to concerns over a trade war initiated by President Trump. Morgan Stanley estimates a 40% chance of recession this year, while JPMorgan Chase places it at 65%, and some experts suggest it could be as high as 90%. As key economic indicators are set to be released, the outlook may shift further depending on their performance.
Citi economist warns of significant recession risk due to tariffs by 2025
Citigroup's Chief Economist Nathan Sheets warns of a 40% to 45% chance of a U.S. recession by the end of 2025, primarily due to the economic impact of tariffs imposed on China and other trading partners. He predicts a significant downturn in the second half of 2025, driven by rising prices and stagnant growth, as trade tensions escalate. Despite the dollar's status as the world's dominant reserve currency, Sheets cautions that ongoing tariffs could lead to structural damage to the economy and a loss of confidence in U.S. policies.
citigroup and jpmorgan face challenges in abc technologies acquisition deal
Citigroup and JPMorgan are facing challenges in securing financing for ABC Technologies' $2.37 billion acquisition of TI Fluid Systems due to US tariffs impacting investor confidence. The banks are working to finalize $900 million in leveraged loans and $1.33 billion in junk bonds before the April 15 deadline. This situation underscores how trade policies can disrupt major deals and affect market dynamics in the automotive sector.
deutsche bank strengthens team with ex-citi hires amid industry challenges
Ardea is expanding its team by hiring Max Fallstrom from Evercore, while Taula Capital's assets have grown to $6.5bn. Deutsche Bank is seeing a cluster of ex-Citi hires, including CFO Raja Akram and M&A head Alison Harding Jones, raising concerns among long-time employees. Meanwhile, M&A bankers face challenges in 2025 as deal processes elongate, prompting job cuts in the sector.
private credit sector seen as stabilizing force amid bubble concerns
Fears of a private credit bubble are deemed overstated by UBS Asset Management, which argues that the sector can stabilize the financial system during market stress. Joe Sciortino emphasized that private credit funds typically have lower leverage and better asset-liability matching than traditional banks, while Apollo Global Management's Jim Zelter echoed that the sector is not a bubble, despite some aggressive portfolio strategies. Enhanced monitoring and informed investor awareness of liquidity risks are crucial for maintaining stability in private credit.
Goldman Sachs COO John Waldron positions for CEO role amid bitcoin push
Goldman Sachs COO John Waldron is a leading candidate to succeed David Solomon as CEO, emphasizing the bank's commitment to bitcoin and digital assets. He is developing BTC-related services and has restarted the digital asset trading desk, while also exploring blockchain projects and CBDCs. Despite past challenges, including significant losses in retail banking and a corruption scandal, Waldron aims to ensure compliance as the firm ventures into new financial territories.
institutional investors increase stakes in apollo global management during fourth quarter
Price T Rowe Associates Inc. MD increased its stake in Apollo Global Management by 36.9% in Q4, now holding over 6.4 million shares valued at $1.07 billion. Northern Trust Corp and Charles Schwab Investment Management also boosted their positions significantly. Institutional investors own 77.06% of the company, which specializes in private equity and various investment markets. Apollo's stock has seen mixed analyst ratings, with a recent price target cut by Wells Fargo to $177, indicating a potential upside of 22.26%.
consumers anticipate rising prices yet plan significant purchases according to survey
Americans are anticipating higher prices for everyday items, with nearly 40% expecting to spend more on groceries in the coming months. Despite this, consumer sentiment is shifting, as over 40% plan to purchase a new vehicle within the year, and interest in home improvements and major purchases like appliances is on the rise.
citi and apollo explore private credit in boeing jeppesen sale
Citigroup and Apollo Global Management are testing their $25bn private credit partnership by offering financing for the sale of Boeing’s Jeppesen navigation unit, which is expected to attract bids around $7bn. The financing, known as private staple financing, combines Citigroup’s M&A advisory with Apollo’s capital, potentially providing $3bn to $3.5bn in debt support. The deal has progressed to the second round of bidding, with interest from several corporate buyers and private equity firms.
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