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This bank stock’s unique combination makes it a bargain

admin by admin
June 27, 2024
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KBW has upgraded Bank of New York Mellon to an “Outperform” rating, supported by a strong financial performance and a low price-to-earnings valuation.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
7h

Oil demand is collapsing:

OPEC just announced its 5th-straight monthly downward revision to its oil demand outlook.

China's crude oil imports fell for 10-STRAIGHT months this year, the steepest drop since the pandemic.

Are oil markets signaling a recession?

(a thread)

Reply on Twitter 1866850363162366140 Retweet on Twitter 1866850363162366140 64 Like on Twitter 1866850363162366140 365 Twitter 1866850363162366140
kobeissiletter The Kobeissi Letter @kobeissiletter ·
7h

Oil demand is collapsing:

OPEC just announced its 5th-straight monthly downward revision to its oil demand outlook.

China's crude oil imports fell for 10-STRAIGHT months this year, the steepest drop since the pandemic.

Are oil markets signaling a recession?

(a thread)

Reply on Twitter 1866850363162366140 Retweet on Twitter 1866850363162366140 64 Like on Twitter 1866850363162366140 365 Twitter 1866850363162366140
Retweet on Twitter The Kobeissi Letter Retweeted
kobeissiletter The Kobeissi Letter @kobeissiletter ·
8h

BREAKING: November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.

Core CPI inflation was 3.3%, in-line with expectations of 3.3%.

Headline CPI inflation is now at its highest level since July 2024.

Inflation has leveled off above the Fed's 2% target.

Reply on Twitter 1866837904753877126 Retweet on Twitter 1866837904753877126 159 Like on Twitter 1866837904753877126 617 Twitter 1866837904753877126
kobeissiletter The Kobeissi Letter @kobeissiletter ·
8h

BREAKING: November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.

Core CPI inflation was 3.3%, in-line with expectations of 3.3%.

Headline CPI inflation is now at its highest level since July 2024.

Inflation has leveled off above the Fed's 2% target.

Reply on Twitter 1866837904753877126 Retweet on Twitter 1866837904753877126 159 Like on Twitter 1866837904753877126 617 Twitter 1866837904753877126
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