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Jim Cramer expressed a positive opinion on Visa Inc., stating that the company is doing incredibly well after a recent update. He reassured a caller concerned about the stock, highlighting Visa's strong performance.
Extending his recent theme of bond markets policing the market in"Some Like It Hot", BofA Chief Investment Strategist Michael Hartnett'slatest Flow Show
Royal Bank Of Canada lowered its target price for JPMorgan Chase & Co. from $343.00 to $330.00, maintaining an "outperform" rating. This suggests a potential upside of 3.53% from the current price. Other analysts have varied target prices, with a consensus rating of "Hold" and an average target price of $326.81.
Todd Combs' departure from Berkshire Hathaway signals a shift towards a more conventional structure as Warren Buffett prepares to transfer his CEO title to Greg Abel. Combs will join JPMorgan Chase to head a $10 billion Strategic Investment Group. Berkshire is also making several personnel changes, including appointing Nancy Pierce as CEO of Geico and Adam Johnson as President of Consumer Products, Service, and Retailing businesses. The company is moving away from its decentralized 'Berkshire way' with more management oversight and the addition of a general counsel.
The US Fed lowered its policy rate target by 25 basis points and announced monthly purchases of $40 billion in TBills, aiming to ease financial conditions. However, private sectors struggle as borrowing costs rise, with the 10-year Treasury yield increasing. The Bank of Canada held rates steady amid inflation concerns, causing Canadian yields and the dollar to rise, tightening financial conditions further. Employment and housing market contractions pose challenges, reflecting the legacy of past fiscal policies.
