Jueves 15/04/21 Ventas retail, reporte utilidades

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Coinbase climbs 7% in premarket trading after landmark Nasdaq debut
PUBLISHED THU, APR 15 20216:37 AM EDTUPDATED THU, APR 15 20218:05 AM EDT
Ryan Browne
@RYAN_BROWNE_
Coinbase shares climbed nearly 7% to around $351 at 8 a.m. ET.
The cryptocurrency exchange was briefly worth as much as $100 billion in its Nasdaq debut.
Coinbase’s direct listing was hailed as a “watershed” moment for the crypto industry.
Coinbase employees spray champagne during the company's initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.
Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.
Michael Nagle | Bloomberg | Getty Images
Coinbase shares surged in premarket trading on Thursday, a day after the cryptocurrency exchange went public in a blockbuster direct listing.

The firm’s stock price climbed nearly 7% to around $351 at 8 a.m. ET. Coinbase was briefly valued at as much as $100 billion in its Nasdaq debut Wednesday, a landmark event for the cryptocurrency industry. The stock closed at $328.28 per share, valuing Coinbase at $85.8 billion on a fully diluted basis.


Investors are reacting to news that Ark Invest founder and CEO Cathie Wood loaded up on about $245.9 million worth of Coinbase shares on the firm’s first day of trading. Wood is a longtime bitcoin bull, believing bitcoin and other digital tokens could eventually become part of the recommended portfolio for everyday investors.

Coinbase’s debut was hailed as a “watershed” moment for crypto, after years of skepticism from Wall Street giants and global regulators. But there are concerns that volatility in digital assets and regulatory uncertainty may weigh on the company’s share price long-term — as well as fierce competition from other players such as Binance, Kraken and Gemini.

“The risk management from a regulatory and the operational perspective is much better on Coinbase” compared to its competitors, Carol Alexander, a professor at University of Sussex Business School, told CNBC’s “Squawk Box Europe” on Thursday.

“They’ve got this solid revenue stream from the fees and the custodial services as well. There’s no real competitor to them on the centralized exchanges because Kraken, Gemini — I don’t think they’re the next ones to go.”

Coinbase made estimated revenues of $1.8 billion in the first quarter of 2021, a ninefold increase from the same period a year earlier, while profits surged from $32 million to between $730 million and $800 million. The number of Coinbase’s monthly transacting users rose to 6.1 million from 2.8 million three months earlier.



Analysts at BTIG on Thursday gave Coinbase a “buy” rating and a price target of $500 — 50% higher than the company’s closing price on Wednesday.

“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” the brokerage firm wrote in a note to clients.

Coinbase held 11.3% of the world’s crypto assets as of March 31, and BTIG’s analysts said this market share was “core” to their bull case for the company. If the market value of all cryptocurrencies — which currently stands at $2.2 billion — were to continue growing, “then the company’s upside could be immense,” they said.Que

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Citigroup beats profit estimates on reserve release, says it is exiting 13 markets outside the US
PUBLISHED THU, APR 15 20217:40 AM EDTUPDATED THU, APR 15 20218:33 AM EDT
Hugh Son
@HUGH_SON
The bank reported profit of $7.94 billion, or $3.62 a share, exceeding the $2.60 estimate of analysts surveyed by Refinitiv.
Revenue of $19.3 billion topped the $18.8 billion estimate.
The firm also said it was shuttering retail banking operations in 13 countries across Asia and parts of Europe, one of the first big strategic moves made by CEO Jane Fraser, who took over in February.
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.
Kyle Grillot | Bloomberg via Getty Images
Citigroup on Thursday posted results that beat analysts’ estimates for first-quarter profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.

The firm also said it was shuttering retail banking operations in 13 countries across Asia and parts of Europe to focus more on wealth management outside the U.S., one of the first big strategic moves made by CEO Jane Fraser, who took over in February.


Shares of the bank climbed 3.1% in premarket trading.

The bank reported profit of $7.94 billion, or $3.62 a share, exceeding the $2.60 estimate of analysts surveyed by Refinitiv. Revenue of $19.3 billion topped the $18.8 billion estimate.

Citigroup said it had released $3.9 billion in loan-loss reserves in the quarter, which resulted in a $2.06 billion gain after $1.75 billion in credit losses in the period. Analysts had expected a $393.4 million provision in the quarter.

Fraser, who is reporting results for the first quarter at the helm of the country’s third-biggest bank, wasted no time in making changes to the firm’s sprawling global operations. The bank is exiting consumer operations in Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

The plan is to focus its non U.S. consumer banking operations on Singapore, Hong Kong, the UAE and London — places with a great concentration of wealth, according to Fraser.


“As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth,” Fraser said in the release. The move to focus on the remaining markets “positions us to capture the strong growth and attractive returns the wealth management business offers through these important hubs.”

Citigroup lacked the scale to properly compete in the 13 markets it is leaving, she said. Investment banking operations will continue in markets where the firm is exiting consumer operations, the bank said.

Analysts will be keen to hear more about Fraser’s ultimate vision for the bank, as well as details on her plan to appease regulators who have criticized the firm’s risk management controls.

On Wednesday, JPMorgan Chase and Wells Fargo both posted results that exceeded analysts’ expectations on reserve releases, while Goldman Sachs beat estimates on strong advisory and trading results.

Shares of Citigroup have climbed 18% so far this year, compared with the 26% advance of the KBW Bank Index.


Here’s what Wall Street expected:

Earnings: $2.60 a share, 147% higher than the year earlier period, according to Refinitiv.

Revenue: $18.8 billion, 9.2% lower than a year earlier.

This story is developing. Please check back for updates.

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LAST CHG %CHG
DJIA 33990.65 259.76 0.77
S&P 500 4159.63 34.97 0.85
Nasdaq Composite 13994.37 136.53 0.99
Japan: Nikkei 225 29642.69 21.70 0.07
UK: FTSE 100 6987.91 48.33 0.70
Crude Oil Futures 63.04 -0.11 -0.17
Gold Futures 1767.00 30.70 1.77
Yen 108.76 -0.19 -0.17
Euro 1.1958 -0

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lb

Copper April 15,11:39
Bid/Ask 4.1940 - 4.1949
Change +0.0702 +1.70%
Low/High 4.0549 - 4.2006
Charts

Nickel April 15,11:39
Bid/Ask 7.3674 - 7.3697
Change -0.0553 -0.75%
Low/High 7.2820 - 7.4477
Charts

Aluminum April 15,11:39
Bid/Ask 1.0473 - 1.0478
Change +0.0020 +0.19%
Low/High 1.0036 - 1.0585
Charts

Zinc April 15,11:39
Bid/Ask 1.2823 - 1.2830
Change +0.0100 +0.78%
Low/High 1.2660 - 1.2835
Charts

Lead April 15,11:39
Bid/Ask 0.9071 - 0.9076
Change +0.0126 +1.41%
Low/High 0.8890 - 0.9076
Charts

Uranium Apr 12, 2021
Ux U308 price: 29.95
Change from
previous week

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AST CHG %CHG
DJIA 34015.18 284.29 0.84
S&P 500 4167.77 43.11 1.05
Nasdaq Composite 14032.90 175.05 1.26
Japan: Nikkei 225 29642.69 21.70 0.07
UK: FTSE 100 6983.50 43.92 0.63
Crude Oil Futures 63.33 0.18 0.29
Gold Futures 1766.80 30.50 1.76
Yen 108.66 -0.28 -0.26
Euro 1.1976

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https://es.finance.yahoo.com/noticias/s ... 07030.html

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https://es.finance.yahoo.com/noticias/petróleo-crudo-opera-máximos-mes-113644720.html

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https://www.wsj.com/articles/global-sto ... 96?mod=mhp

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La economía China creció menos de lo esperado. 18.3% ve 19%

China says its economy grew 18.3% in the first quarter, slightly missing expectations
PUBLISHED THU, APR 15 202110:00 PM EDT
Evelyn Cheng
@CHENGEVELYN
Analysts polled by Reuters expected first quarter GDP to increase 19% from a year ago, when the economy shrank by 6.8% during the height of the domestic outbreak of Covid-19.
People purchase Apple products in the new Apple flagship store on its opening day following an outbreak of the coronavirus disease (COVID-19) in Sanlitun in Beijing, China, July 17, 2020.
People purchase Apple products in the new Apple flagship store on its opening day following an outbreak of the coronavirus disease (COVID-19) in Sanlitun in Beijing, China, July 17, 2020.
Thomas Peter | Reuters
BEIJING — China reported first-quarter gross domestic product a touch below expectations as industrial production disappointed but retail sales beat.

GDP soared 18.3% in the first three months of the year from a year ago, China’s National Bureau of Statistics said Friday. That’s slightly below expectations of a 19% increase, according to analysts polled by Reuters.


The surge in growth comes off a contraction in the first quarter of last year, when the economy shrank by 6.8% during the height of the domestic outbreak of Covid-19. China was the first country to deal with the disease, and the economy returned to growth by the second quarter of last year.

GDP expanded 10.3% in the first quarter when compared with the same period in 2019, the statistics bureau said.

China also said retail sales rose 34.2% in March, topping expectations of 28% growth.

Industrial production rose 14.1% in March, missing Reuters’ prediction of 17.2% growth.

This is a breaking news story. Please c

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ST CHG %CHG
DJIA 34035.99 305.10 0.90
S&P 500 4170.42 45.76 1.11
Nasdaq Composite 14038.76 180.92 1.31
Japan: Nikkei 225 29686.83 44.14 0.15
UK: FTSE 100 6983.50 43.92 0.63
Crude Oil Futures 63.37 -0.09 -0.14
Gold Futures 1763.10 -3.70 -0.21
Yen 108.83 0.07 0.07
Euro 1.1959 -0.0008