G4S PLC (LON:GFS) Stock Rating Maintained by Deutsche Bank; Dixon Hubard Feinour & Brown …

Dixon Hubard Feinour & Brown Inc increased Intel Corp (INTC) stake by … sits down with Intel CEO Brian Krzanich to discuss developments at Intel, …

G4S plc (LON:GFS) Logo

Deutsche Bank reiterated their “Hold” rating on shares of G4S PLC (LON:GFS) in a research report released on Monday, 12 August.

Dixon Hubard Feinour & Brown Inc increased Intel Corp (INTC) stake by 31.01% reported in 2019Q1 SEC filing. Dixon Hubard Feinour & Brown Inc acquired 15,278 shares as Intel Corp (INTC)’s stock declined 0.41%. The Dixon Hubard Feinour & Brown Inc holds 64,549 shares with $3.47 million value, up from 49,271 last quarter. Intel Corp now has $203.69B valuation. The stock decreased 2.52% or $1.19 during the last trading session, reaching $45.98. About 24.98M shares traded or 9.82% up from the average. Intel Corporation (NASDAQ:INTC) has risen 6.00% since August 12, 2018 and is uptrending. It has outperformed by 6.00% the S&P500. Some Historical INTC News: 26/04/2018 – Jim Keller Joins Intel to Lead Silicon Engineering; 19/04/2018 – Sen. Rich Burr: Advisory: Senate Intel Committee to Hold Confirmation Hearing for Gina Haspel to Head CIA; 27/04/2018 – Intel beat on both the top and bottom lines in the first quarter; 29/03/2018 – Intel: Amsterdam Appeals Court Gives Final Judgment in Cyclops Holdings Statutory Compulsory Acquisition; 15/03/2018 – Mark R. Warner: Joint Statement: Senate Intel Committee Leaders on Russian Nerve Agent Attack on British Soil; 16/05/2018 – Australian Gov: US Patent Issued to Intel on May 15 for “Device, system and method of controlling access to location sources”; 03/05/2018 – Tech Report: Rumor: Leaked video names upcoming Intel and AMD CPUs and chipsets; 15/03/2018 – “Mad Money” host Jim Cramer sits down with Intel CEO Brian Krzanich to discuss developments at Intel, including a recent security flaw and takeover rumors; 16/04/2018 – Intel’s Chip Lead Disappearing, Says Linley Group — Barron’s Blog; 26/04/2018 – INTEL’S JIM KELLER PREVIOUSLY WITH TESLA

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Nasdaq.com which released: “Dow Analyst Moves: INTC – Nasdaq” on August 09, 2019, also Nasdaq.com with their article: “Intel Corporation (INTC) Ex-Dividend Date Scheduled for August 06, 2019 – Nasdaq” published on August 05, 2019, Finance.Yahoo.com published: “Here’s What We Like About Intel Corporation (NASDAQ:INTC)’s Upcoming Dividend – Yahoo Finance” on August 01, 2019. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Nasdaq.com and their article: “Intel (INTC) 2nd Quarter Earnings: What to Expect – Nasdaq” published on July 25, 2019 as well as Nasdaq.com‘s news article titled: “Intel (INTC) Outpaces Stock Market Gains: What You Should Know – Nasdaq” with publication date: July 15, 2019.

Among 10 analysts covering Intel (NASDAQ:INTC), 6 have Buy rating, 3 Sell and 1 Hold. Therefore 60% are positive. Intel has $65 highest and $37.5000 lowest target. $53.90’s average target is 17.22% above currents $45.98 stock price. Intel had 29 analyst reports since February 19, 2019 according to SRatingsIntel. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Deutsche Bank on Tuesday, February 26. Morgan Stanley maintained it with “Overweight” rating and $6300 target in Friday, April 26 report. Morgan Stanley maintained it with “Overweight” rating and $6400 target in Friday, July 26 report. On Monday, June 10 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock has “Market Perform” rating by Wells Fargo on Friday, April 5. Wedbush maintained Intel Corporation (NASDAQ:INTC) rating on Friday, July 26. Wedbush has “Underperform” rating and $42.9000 target. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Bank of America on Monday, July 22. The rating was maintained by Northland Capital with “Sell” on Friday, March 15. The firm earned “Sell” rating on Monday, February 25 by Northland Capital. Robert W. Baird maintained the stock with “Outperform” rating in Friday, July 26 report.

Investors sentiment decreased to 0.86 in Q1 2019. Its down 0.14, from 1 in 2018Q4. It turned negative, as 61 investors sold INTC shares while 733 reduced holdings. 139 funds opened positions while 541 raised stakes. 2.84 billion shares or 4.15% less from 2.96 billion shares in 2018Q4 were reported. 9,811 are owned by Amer Invest. Amg Funds Limited Company stated it has 9,758 shares. Daiwa Sb Investments invested 0.98% in Intel Corporation (NASDAQ:INTC). Price T Rowe Assocs Md owns 9.54M shares. Orleans Management Corporation La reported 43,065 shares or 1.77% of all its holdings. Hedeker Wealth Ltd Liability reported 1.9% stake. Baystate Wealth Ltd Liability accumulated 0.04% or 5,531 shares. Acropolis Investment Ltd Liability Com invested in 59,886 shares. Segall Bryant & Hamill Ltd accumulated 0.22% or 258,396 shares. Colorado-based Employees Retirement Association Of Colorado has invested 0.3% in Intel Corporation (NASDAQ:INTC). Windward Capital Management Ca, California-based fund reported 51,111 shares. Caprock Group holds 0.44% or 42,449 shares in its portfolio. Timber Creek Cap Management Lc reported 3,622 shares. Sand Hill Glob Advsr Lc holds 122,751 shares or 0.67% of its portfolio. Investment House Limited Liability Company has invested 1.8% in Intel Corporation (NASDAQ:INTC).

G4S plc, together with its subsidiaries, engages in the provision of security and related services in the United Kingdom, Ireland, Africa, Asia, the Middle East, Latin America, Europe, and North America. The company has market cap of 2.84 billion GBP. The firm offers integrated solutions, including analytics and intelligence, technology and software, consulting and risk management, monitoring and response, and manned and mobile security, as well as design, built, and integration systems. It has a 70.37 P/E ratio. In addition, the firm offers cash solutions, such as outsourcing cash management services; consultancy services to central banks and commercial banks on overall cash management strategy and cash cycle efficiency; managing ATMs; cash management services; and secure transportation of cash.

Among 5 analysts covering G4S PLC (LON:GFS), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. G4S PLC has GBX 230 highest and GBX 200 lowest target. GBX 216’s average target is 18.07% above currents GBX 182.95 stock price. G4S PLC had 11 analyst reports since March 7, 2019 according to SRatingsIntel. Barclays Capital maintained G4S plc (LON:GFS) on Monday, March 11 with “Equal Weight” rating. JP Morgan maintained it with “Neutral” rating and GBX 225 target in Thursday, March 7 report. The stock has “Hold” rating by HSBC on Thursday, April 25. The rating was maintained by Deutsche Bank with “Hold” on Friday, May 17. RBC Capital Markets maintained G4S plc (LON:GFS) on Wednesday, March 13 with “Sector Performer” rating.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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Deutsche Bank Celebrates ‘Dollar Day’ by Accidentally Shilling Bitcoin

When the fat-cats at Deutsche Bank instructed their social media interns to draft a tweet commemorating National Dollar Day, they probably didn’t …
deutsche bank shills bitcoindeutsche bank shills bitcoin

German financial giant Deutsche Bank has accidentally made the case for Bitcoin while commemorating National Dollar Day. | Source: Shutterstock

When the fat-cats at Deutsche Bank instructed their social media interns to draft a tweet commemorating National Dollar Day, they probably didn’t realize that they’d accidentally end up shilling Bitcoin to their more than 650,000 followers.

But while the Bitcoin isn’t directly mentioned, it’s difficult to imagine anyone writing a better advertisement for the leading cryptocurrency.

It’s #NationalDollarDay! #OTD in 1786, Congress established the US monetary system and introduced the US dollar. In today’s money, one dollar from 1791 would be equivalent to 27.60 USD. #ThrowbackThursdaypic.twitter.com/FwOBvD8kvh

— Deutsche Bank (@DeutscheBank) August 8, 2019

Is Deutsche Bank a closeted Bitcoin admirer?

In the tweet, Deutsche Bank observes that since the U.S. monetary system was established on this day in 1786, the dollar has lost tremendous purchasing power. The German multinational notes that the equivalent of a single dollar from 1791 now has the purchasing power of about $27.60 today.

You do not need years of exposure to Bitcoin to appreciate that Deutsche Bank has by implication turned a negative spotlight on the world’s favorite reserve currency – and by extension, the worldwide fiat currency regime. The bank inadvertently made a case for an anti-inflationary currency that is not printed at the whim of unelected government bureaucrats.

With the maximum number of Bitcoins that will ever be in circulation capped at 21 million, the cryptocurrency was designed to be free of the inflationary risks that all fiat currencies have proven to be susceptible to. This was stated unambiguously in the Bitcoin whitepaper:

“Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.”

And yet the dollar is hardly the world’s worst fiat currency…

Deutsche Bank’s celebration of a fiat currency that has lost its purchasing power dramatically over the years is all the more significant for Bitcoin since the dollar is one of the world’s strongest currencies.

As of last year’s third quarter, the U.S. dollar constituted close to 62 percent of all the foreign exchange reserves held by central banks across the world.

Bitcoin vs USD on national dollar dayBitcoin vs USD on national dollar day
U.S. dollar dominance as a reserve currency | Source: Statista

This means that if your wealth is held in the dollar and you are a little apprehensive over its declining purchasing power, you should be outright panicking if you are holding other fiat currencies.

Bitcoin offers freedom from the tyranny of fiat

So how bad can it get? Well, unchecked printing of money by central banks has in the past led to the total collapse of fiat currencies with Europe, Latin America, and Africa offering standout cases.

Germany’s Papiermark in the 1920s is a perfect example from the 20th century when yearly inflation rose to over 300 million percent in the European country. Most recently, Zimbabwe provided another example of why a hard-capped cryptocurrency is the future when inflation rose to 500 quintillion percent.

Fortunately, there is no need to repeat these same mistakes in the 21st century with Satoshi Nakamoto already having gifted us the solution: Bitcoin.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

Jana Partners Maintains Position in Conagra Brands (CAG); Focused Wealth Management …

The stock decreased 1.09% or $0.3 during the last trading session, … WILL BE LED BY RITCHIE; 05/03/2018 – CBOE GLOBAL MARKETS INC CBOE.

Deutsche Bank Aktiengesellschaft (NYSE:DB) Logo

Jana Partners Llc increased its stake in Conagra Brands Inc (CAG) by 10.48% based on its latest 2019Q1 regulatory filing with the SEC. Jana Partners Llc bought 1.42M shares as the company’s stock declined 4.21% . The hedge fund held 14.96 million shares of the consumer non-durables company at the end of 2019Q1, valued at $415.04M, up from 13.54 million at the end of the previous reported quarter. Jana Partners Llc who had been investing in Conagra Brands Inc for a number of months, seems to be bullish on the $13.43B market cap company. The stock decreased 1.09% or $0.3 during the last trading session, reaching $27.67. About 739,082 shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 20.93% since August 8, 2018 and is downtrending. It has underperformed by 20.93% the S&P500. Some Historical CAG News: 22/03/2018 – RPT-CONAGRA BRANDS INC – NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3% TO $689 MLN IN QUARTER; 22/03/2018 – CONAGRA BRANDS INC – QTRLY NET SALES $1,994.5 MLN VS $1,981.2 MLN; 17/05/2018 – Zoe CBD officially launches affiliate program; 06/03/2018 – CONAGRA BRANDS & J.M. SMUCKER CO. TERMINATE PACT FOR WESSON OIL; 15/03/2018 – Healthy Snacking Companies that are Poised for a Bigger Piece of the Pie; 23/03/2018 – CONAGRA BRANDS INC CAG.N : RBC RAISES TARGET PRICE TO $46 FROM $45; 05/03/2018 – CONAGRA BRANDS INC – ARE WORKING WITH J.M. SMUCKER COMPANY TO REVIEW ALL OPTIONS REGARDING PROPOSED SALE OF WESSON OIL BUSINESS; 02/05/2018 – Conagra Presenting at Goldman Sachs Global Staples Forum May 8; 04/05/2018 – Jana, ConAgra end standstill as Pinnacle Foods comes under pressure to sell; 05/03/2018 – FTC TO SEEK TEMPORARY ORDER ON JM SMUCKER, CONAGRA DEAL

Focused Wealth Management Inc decreased its stake in Deutsche Bank Ag (DB) by 94.11% based on its latest 2019Q1 regulatory filing with the SEC. Focused Wealth Management Inc sold 57,291 shares as the company’s stock declined 4.17% . The institutional investor held 3,588 shares of the major banks company at the end of 2019Q1, valued at $29,000, down from 60,879 at the end of the previous reported quarter. Focused Wealth Management Inc who had been investing in Deutsche Bank Ag for a number of months, seems to be less bullish one the $15.15B market cap company. The stock increased 1.81% or $0.14 during the last trading session, reaching $7.61. About 1.83M shares traded. Deutsche Bank Aktiengesellschaft (NYSE:DB) has declined 38.94% since August 8, 2018 and is downtrending. It has underperformed by 38.94% the S&P500. Some Historical DB News: 14/05/2018 – Deutsche Bank Is Said to Lose Several U.S. Dealmakers to Rivals; 07/04/2018 – Deutsche Bank Supervisory Board to Discuss CEO Succession Planning This Weekend; 24/05/2018 – DEUTSCHE BANK CEO SAYS TO CUT INVESTMENT BANK EXPENDITURE BY 1 BILLION EUROS BY END OF 2019; 24/04/2018 – DEUTSCHE BANK NAMES FRANK KUHNKE COO; 08/04/2018 – DEUTSCHE BANK SAYS DEUTSCHE BANK’S CORPORATE & INVESTMENT BANK WILL BE LED BY RITCHIE; 05/03/2018 – CBOE GLOBAL MARKETS INC CBOE.O : DEUTSCHE BANK RAISES TARGET PRICE TO $128 FROM $127; 07/04/2018 – Deutsche Bank Investment-Banking Executive Marcus Schenck Has Discussed Leaving; 19/04/2018 – CHIPOTLE MEXICAN GRILL INC CMG.N : DEUTSCHE BANK RAISES TARGET PRICE TO $260 FROM $235; 23/04/2018 – Deutsche Bank Said to Mull Retrenching From U.S. Cash Equities; 08/04/2018 – Yahoo! UK: Deutsche Bank’s Sewing to become new group CEO

Since April 16, 2019, it had 3 insider purchases, and 0 selling transactions for $1.02 million activity. On Friday, June 28 the insider OMTVEDT CRAIG P bought $668,250. 1,600 shares valued at $48,096 were bought by Arora Anil on Tuesday, April 16.

Investors sentiment decreased to 1.11 in 2019 Q1. Its down 0.26, from 1.37 in 2018Q4. It turned negative, as 77 investors sold CAG shares while 163 reduced holdings. 94 funds opened positions while 172 raised stakes. 416.73 million shares or 5.15% more from 396.33 million shares in 2018Q4 were reported. Canada Pension Plan Investment Board accumulated 0% or 82,395 shares. Westfield Cap Mngmt Ltd Partnership holds 0.68% or 3.24M shares in its portfolio. 39,675 were reported by Qs Ltd. Paradigm Asset Mgmt Co Limited Liability Corporation accumulated 12,770 shares or 0% of the stock. Victory invested in 503,183 shares or 0.03% of the stock. Raymond James Associates has 0.02% invested in Conagra Brands, Inc. (NYSE:CAG) for 371,078 shares. Invesco reported 3.22M shares or 0.03% of all its holdings. Aull Monroe Inv Mngmt Corp has 0.56% invested in Conagra Brands, Inc. (NYSE:CAG). Captrust owns 4,594 shares or 0.01% of their US portfolio. Oppenheimer Asset reported 124,072 shares. Axa invested 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Exane Derivatives reported 0% in Conagra Brands, Inc. (NYSE:CAG). Ohio-based Sequoia Financial Advisors Limited Liability Com has invested 0.04% in Conagra Brands, Inc. (NYSE:CAG). New Mexico Educational Retirement Board holds 0.05% or 40,447 shares in its portfolio. First Manhattan stated it has 3,022 shares.

More notable recent Conagra Brands, Inc. (NYSE:CAG) news were published by: Streetinsider.com which released: “Sherwin-Williams (SHW) , ConAgra Brands (CAG), and NL Industries (NL) agree to pay $305 million to settle lead paint lawsuit in California – Reuters – StreetInsider.com” on July 17, 2019, also Finance.Yahoo.com with their article: “Does Conagra Brands, Inc. (NYSE:CAG) Have A Place In Your Dividend Portfolio? – Yahoo Finance” published on July 16, 2019, Finance.Yahoo.com published: “Did You Manage To Avoid Conagra Brands’s (NYSE:CAG) 36% Share Price Drop? – Yahoo Finance” on June 10, 2019. More interesting news about Conagra Brands, Inc. (NYSE:CAG) were released by: Finance.Yahoo.com and their article: “NYSE: CAG Investor Notice: Lawsuit against Conagra Brands, Inc. announced by Shareholders Foundation – Yahoo Finance” published on April 29, 2019 as well as Prnewswire.com‘s news article titled: “Conagra Brands Announces Quarterly Dividend Payment – PRNewswire” with publication date: July 17, 2019.

More notable recent Deutsche Bank Aktiengesellschaft (NYSE:DB) news were published by: Businessinsider.com which released: “Deutsche Bank removes a trio of massive and expensive paintings from its Wall Street lobby – Business Insider” on July 15, 2019, also Benzinga.com with their article: “How A British Fintech Startup Is Leveraging AI For Real Estate Investors – Benzinga” published on July 23, 2019, Benzinga.com published: “Morning Comment: What Do They Know That We Don’t? – Benzinga” on July 30, 2019. More interesting news about Deutsche Bank Aktiengesellschaft (NYSE:DB) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For July 12, 2019 – Benzinga” published on July 12, 2019 as well as Seekingalpha.com‘s news article titled: “Deutsche Bank: If It Didn’t Exist, Nobody Would Invent It – Seeking Alpha” with publication date: July 14, 2019.

Focused Wealth Management Inc, which manages about $364.20M and $330.36M US Long portfolio, upped its stake in Spdr Series Trust (KBE) by 11,442 shares to 112,676 shares, valued at $4.71M in 2019Q1, according to the filing. It also increased its holding in Invitae Corp by 22,773 shares in the quarter, for a total of 30,773 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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Mechanics Bank Trust Department Increased Bank Amer (BAC) Holding; Electrocore (ECOR …

… 14/05/2018 – Kala Pharmaceuticals at Bank of America Conference Tomorrow; 18/04/2018 – SoundView Technology Group Update on NXTID, Inc.

Bank of America Corporation (NYSE:BAC) Logo

Mechanics Bank Trust Department increased Bank Amer Corp (BAC) stake by 22.95% reported in 2019Q1 SEC filing. Mechanics Bank Trust Department acquired 13,145 shares as Bank Amer Corp (BAC)’s stock rose 1.39%. The Mechanics Bank Trust Department holds 70,412 shares with $1.94M value, up from 57,267 last quarter. Bank Amer Corp now has $263.49 billion valuation. The stock decreased 3.65% or $1.07 during the last trading session, reaching $28.31. About 4.54M shares traded. Bank of America Corporation (NYSE:BAC) has declined 2.01% since August 5, 2018 and is downtrending. It has underperformed by 2.01% the S&P500. Some Historical BAC News: 08/05/2018 – CytomX Presenting at Bank of America Conference May 17; 03/04/2018 – THIRD POINT REINSURANCE LTD TPRE.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $17 FROM $18; 14/05/2018 – Kala Pharmaceuticals at Bank of America Conference Tomorrow; 18/04/2018 – SoundView Technology Group Update on NXT-ID, Inc.; Early 2018 Outlook; 13/03/2018 – SUPER MICRO COMPUTER – NEW DEBT FACILITY, TO BE LED BY BOFA MERRILL LYNCH, IS EXPECTED TO INCLUDE OTHER LENDERS & INCREASE CO’S BORROWING CAPACITY; 09/04/2018 – Brazil’s XP Hires Bank of America’s Luketic as Head of Research; 23/03/2018 – BofA’s Merrill Lynch Paying N.Y. $42 Million Over Masking Probe; 03/05/2018 – Bank of America Sued for Refusing Job to Dreamer Raised in U.S; 15/05/2018 – MiMedx Presenting at Bank of America Conference Tomorrow; 16/03/2018 – MOVES-Bank of America’s EMEA head to leave -memo

Electrocore Inc (NASDAQ:ECOR) had an increase of 3.65% in short interest. ECOR’s SI was 1.15M shares in August as released by FINRA. Its up 3.65% from 1.11M shares previously. With 220,700 avg volume, 5 days are for Electrocore Inc (NASDAQ:ECOR)’s short sellers to cover ECOR’s short positions. The SI to Electrocore Inc’s float is 6.53%. The stock decreased 2.72% or $0.035 during the last trading session, reaching $1.25. About 828 shares traded. electroCore, Inc. (NASDAQ:ECOR) has declined 89.55% since August 5, 2018 and is downtrending. It has underperformed by 89.55% the S&P500.

Investors sentiment increased to 0.99 in Q1 2019. Its up 0.16, from 0.83 in 2018Q4. It improved, as 57 investors sold BAC shares while 577 reduced holdings. 154 funds opened positions while 474 raised stakes. 6.30 billion shares or 2.30% less from 6.44 billion shares in 2018Q4 were reported. Tci Wealth Advsr has invested 0.16% in Bank of America Corporation (NYSE:BAC). Deutsche Bank & Trust Ag invested 0.79% of its portfolio in Bank of America Corporation (NYSE:BAC). Alphaone Invest Ltd Company holds 33,200 shares or 0.55% of its portfolio. First Allied Advisory owns 209,706 shares. First Bank And Tru Com Of Newtown owns 0.34% invested in Bank of America Corporation (NYSE:BAC) for 44,881 shares. 1.52M are owned by Todd Asset Mgmt Limited Company. Motco invested in 7,296 shares. 44.88 million are owned by Tiaa Cref Inv Limited Company. Perkins Coie reported 0.03% in Bank of America Corporation (NYSE:BAC). Castine Cap Llc reported 351,597 shares. Beach Inv Counsel Inc Pa owns 307,635 shares or 0.96% of their US portfolio. 96,100 were reported by Lombard Odier Asset Mgmt (Europe) Ltd. Argi Inv Services Limited Com reported 29,068 shares. Goldman Sachs Inc reported 45.64M shares. Aimz Investment Advisors Ltd Liability Corporation stated it has 22,233 shares or 0.42% of all its holdings.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America declares $0.18 dividend – Seeking Alpha” on July 25, 2019, also Investorplace.com with their article: “3 Big Bank Stocks to Buy Today – Investorplace.com” published on July 29, 2019, Seekingalpha.com published: “Bank Of America Portfolio: Halftime Report – Seeking Alpha” on July 18, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America moves into Ohio – Seeking Alpha” published on July 22, 2019 as well as 247Wallst.com‘s news article titled: “What to Expect When Bank of America Reports Wednesday – 24/7 Wall St.” with publication date: July 16, 2019.

Among 6 analysts covering Bank of America (NYSE:BAC), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Bank of America has $40 highest and $29.5000 lowest target. $34.92’s average target is 23.35% above currents $28.31 stock price. Bank of America had 12 analyst reports since February 19, 2019 according to SRatingsIntel. BMO Capital Markets maintained it with “Market Perform” rating and $37 target in Wednesday, April 17 report. As per Friday, July 26, the company rating was upgraded by Wood. On Tuesday, July 9 the stock rating was maintained by JP Morgan with “Overweight”. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, June 18. Jefferies downgraded the shares of BAC in report on Wednesday, April 17 to “Hold” rating. The rating was maintained by Oppenheimer on Tuesday, March 26 with “Outperform”. The company was maintained on Tuesday, February 19 by Credit Suisse.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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Deutsche Bank Data Breach Reminds Us Why We Need Cryptocurrencies

The same market crash, incidentally, that led Satoshi Nakamoto to create Bitcoin as an alternative to the banking catastrophe. They’ve been fined over …

If you’re a Deutsche Bank client, there’s more bad news in store than the already significant fact that it has run its equities department into ruin. Tech companies playing loosey-goosey with data privacy aren’t the only actors to worry about. The bank is now investigating a potential data breach owing to former employees having access to system and price data for weeks after they’d been laid off.

Deutsche Bank Negligence Might Have Led to Confidentiality Misconduct

Dropping the ball on proper exit procedures, Deutsche Bank failed to deactivate access to banking systems and emails for the first 50 of a planned total of 18,000 staff layoffs. Ex-employee traders in London and New York potentially had access to confidential client and price-sensitive data for weeks after they’d left the bank. One equity salesperson purportedly sent 450 emails from an address registered to her on the bank’s email client long after she’d been fired.

The bank has launched an investigation into whether the breach resulted in sensitive data being accessed, and whether this came about to collusion by former and current employees. According to Jeremy Kirk, head of Deutsche’s global compliance surveillance has said that nearly all outgoing emails sent during this time had been reviewed. So far, there’s been no indication of a data violation, and Kirk confirmed that all access has been revoked.

A banking insider told Financial Times:

“A lot of the decisions seem to have been made on the hoof, things haven’t been thought through properly, which is causing a huge compliance headache. We should have been more aware ahead of time and brought in more tech people to cope.”

Deutsche Bank

Who is Deutsche Bank?

149-year-old Deutsche Bank, founded in 1870, is a critical player in the global banking arena. As the world’s 15th largest bank by total assets and Germany’s largest banking institution, it holds branches in 58 countries. A so-named universal bank, it offers private and commercial banking, corporate and investment banking, and asset management. A one-stop shop where clients can go all-in on having their banking partner act as custodian of their money, their assets, and their data.

Most banks have a few PR crises and economic meltdowns on their resumes, and Deutsche is no exception.

It crashed, burned, then phoenixed its way out of the Great Depression in 1933. It supported Hitler and funded Auswitchz during World War II. Decades later, the bank was implicated as a significant driver of collateralized debt obligation that led to the 2007-09 subprime mortgage crisis in the USA and contributed to the 2007-08 financial crisis that had ripple effects across the world. The same market crash, incidentally, that led Satoshi Nakamoto to create Bitcoin as an alternative to the banking catastrophe. They’ve been fined over allegations of an estimated $80 billion worth of Russian money laundering and for rigging interest rates. The bank has even been subpoenaed in a probe into United States President Donald Trump’s finances.

In short, you name it, Deutsche is entangled in it. Trump’s recent tweet suggested cryptocurrencies are the source of all that is criminal and seedy. In the financial world, a crime committed by a bank is merely cause for a fine.

The Beginning of the End or Another Close Call?

Last month, the bank announced that it would be exiting the stock market game by quitting the global equities trading business. The news sent the markets reeling, and shares fell by as much as 5.2%. Deutsche expects to restructure to regain profitability by severing a total of 18,000 jobs by 2022.

Insiders say hedge funds have been pulling as much as $1 billion per day since the announcement on July 7. This comes after Deutsche announced a $3.5 billion loss in 2019 Q2, the worst quarter the company has had since the 2008 market crash.

Deutsche Bank

Trustlessness in a World Where No One Deserves Trust

Our data is out of our hands. Our money, in the hands of financial institutions in peril both financially and administratively, evidently just as much. We’ve been at the mercy of apex predators who do not have our best interests or privacy at heart. Cryptocurrencies have opened the door to a new world, one in which both our money and our data are within our control. Inch by inch, the world is reaching a conical point where a demand for decentralized trustlessness will replace our trust in a financial or any other institution’s good-enough. Cryptocurrencies are waiting ever so patiently.

What are your thoughts on the implications of this potential data breach? How do you foresee blockchain technology and cryptocurrencies will circumvent situations such as these? Let us know in the comments below.


Images courtesy of Shutterstock.

As a trusted news outlet in the blockchain and cryptocurrency industry, BeInCrypto always strives for the highest journalistic standards and adheres to a strict set of editorial policies. BeInCrypto is an independent website with authors and management that may personally invest in cryptocurrencies or blockchain startups.

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