Pgiam/iStock via Getty Images Shares of Incyte (NASDAQ:INCY) traded lower on Tuesday after BMO Capital Markets downgraded the drugmaker to underperform from market perform, citing the potential consequences of the company’s recently announced $2B share buybacks. The transaction targeted for up to $1.672B worth of Incyte’s (INCY) common stock “appearsContinue Reading
Daniel Balakov Quantitative strategists at Bank of America have set out to bust a few market “myths,” saying there are some investment adages that sound smart, but it turns out that those narratives don’t work. The U.S. Quantitative Strategy team led by Savita Subramanian said amid a continued period ofContinue Reading
yongyuan/iStock via Getty Images Citizens Financial Group (NYSE:CFG) is set to effect a $1.25B share repurchase program after the bank reported a capital buffer exceeding the regulatory minimum. The new stock buybacks program represents an increase of $656M to the February 2023 authorization. The regional bank’s preliminary stress capital bufferContinue Reading
DesignRage/iStock via Getty Images The Federal Reserve will release the results of its annual stress test after the close on Wednesday, which will determine the amount of capital that large banks will be required to set aside to help them weather a financial shock. The tests will calculate each bank’sContinue Reading
