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The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
The Bank of Ghana is awaiting a final agreement among parties involved in the sale of shares in Société Générale Ghana before proceeding with regulatory actions. Governor Dr. Johnson Asiama emphasized that the central bank's role is to ensure due diligence and compliance with regulatory requirements, while the sale process continues with prospective buyers. Despite rumors of the bank's exit from Ghana, Société Générale Ghana has reaffirmed its commitment to strengthening its capital base.
Benchmark downgraded Kosmos Energy from a "buy" to a "hold" rating, with a consensus rating of "Hold" and a price target of $4.93. The company, focused on oil and gas exploration along the Atlantic Margins, reported a quarterly loss of $0.22 EPS, missing estimates. Institutional investors hold 95.33% of the stock, reflecting significant interest despite recent price fluctuations.
Kosmos Energy Ltd. (NYSE:KOS) saw Raiffeisen Bank International AG acquire 500,000 shares valued at approximately $1.68 million, increasing institutional ownership to 95.33%. The stock is currently rated as a Moderate Buy, but top analysts favor five other stocks over Kosmos. Recently, the company reported a quarterly loss of $0.22 per share, missing estimates, with revenue of $290.43 million, below expectations. Analysts have mixed ratings, with an average price target of $5.02.
Bernard Mensah, a Ghanaian banker, serves as the President of International for Bank of America and CEO of Merrill Lynch International. Recently, he was part of President Trump's delegation during a visit to the Middle East, where he engaged in discussions with leaders including Saudi Crown Prince Mohammed bin Salman. Mensah, a chartered accountant with a BA from the University of Bristol, has held significant roles at Goldman Sachs and is actively involved in various philanthropic initiatives, including the Kofi Annan Foundation.
Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
Elon Musk's America PAC is facing a proposed national class action lawsuit for allegedly failing to pay swing state petition signers who supported a pro-Trump initiative ahead of the 2024 election. The suit claims that Musk promised payments of $47 to $100 for signers and additional rewards for referrals, with total owed payments exceeding $5 million. Plaintiffs, including former canvassers from multiple states, express frustration over the unfulfilled promises, while Musk's PAC maintains its commitment to compensating legitimate petition signers.
American Express reported $3.64 earnings per share, exceeding estimates, but its revenue of $16.97 billion fell short of expectations. Analysts maintain a "Hold" rating, with one sell, sixteen holds, and eight buy ratings, while the average target price is $295.05. The company recently increased its quarterly dividend to $0.82 per share, reflecting a positive outlook despite mixed analyst sentiments.
American Express has declared a quarterly dividend of $0.82, payable on May 9th, with an ex-dividend date of April 4th. Analysts have mixed ratings on the stock, with a consensus "Hold" and an average price target of $295.05. Recent insider sales indicate a decrease in positions, while institutional investors have increased their stakes significantly.
PotlatchDeltic, a leading REIT with 2.2 million acres of timberlands, currently holds a Moderate Buy rating among analysts, though it was not included in a list of top stock recommendations. Recent insider trading saw CFO Wayne Wasechek and CEO Eric J. Cremers sell shares, reducing their ownership by 4.46% and 4.80%, respectively. Analysts have mixed views, with price targets ranging from $42.00 to $54.00, and a consensus target price of $48.43.
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global islamic finance assets reach 3.9 trillion with strong growth in 2024
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kosmos energy experiences mixed analyst ratings and significant institutional investment
12:05 19.05.2025
Bernard Mensah leads Bank of America's international operations and global strategy
Bank of America Corp.
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Donald Trump
Mohammed bin Salman Al Saud
Bernard Mensah
Herbert Mensah
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Cisco Systems Inc. 401(k) Plan
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Deborah L. Stahlkopf
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09:28 17.05.2025
elon musk's pac faces lawsuit over unpaid petition signers ahead of election
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analysts recommend five stocks over american express amid mixed ratings
American Express Company
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14:03 11.05.2025
american express announces dividend increase and analyst rating updates
Proficio Capital Partners LLC
Clark Capital Management Group Inc.
Kovitz Investment Group Partners LLC
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13:45 10.05.2025
potlatchdeltic faces analyst skepticism amid insider selling and dividend concerns
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