Standard Chartered PLC (OTCPK:SCBFF) Q1 2024 Earnings Conference Call May 5, 2024 3:00 AM ET Company Participants Diego De Giorgi – Group Chief Financial OfficerBill Winters – Group Chief Executive Conference Call Participants Joseph Dickerson – JefferiesNick Lord – Morgan StanleyAndrew Coombs – CitiRobin Down – HSBCPerlie Mong – KBWKunpeng Ma – China SecuritiesAman Rakkar…
Major global bank Standard Chartered believes the Bitcoin price could see further downside to around $50,000, according to recent comments. Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, told The Block: “BTC’s proper break below $60,000 has now reopened a route to the $50,000-52,000 range.” As of writing, Bitcoin is trading under…
winhorse “Not pretty, but reasonably cheap” was basically the essence of my investment case when I opened on Asia-focused bank Standard Chartered (OTCPK:SCBFY)(OTCPK:SCBFF) with a Buy rating last year. More specifically, while this bank was/is structurally less profitable than certain peers, a then-valuation of 0.7x tangible book value did not require miracles in terms of…
How will governments function in a world that has transitioned from fiat to hyperbitcoinization? This is a question that I have thought about recently, and I wanted to think through what happens to governments on a Bitcoin standard. The questions I have are the following: how will governments fund themselves? How do your taxes work…
Global banking giant Standard Chartered has upped its bitcoin price prediction for the end of 2024 to $150,000, a significant increase from its previous forecast of $100,000. In a new report, Standard Chartered analysts cited strong inflows into recently launched spot bitcoin ETFs in the U.S. as a primary driver of their bullish outlook. The…
Olemedia A “Hold” Rating on Standard Lithium Ltd. This analysis recommends a “Hold” rating on Standard Lithium Ltd. (NYSE:SLI) (TSXV:SLI:CA), a Vancouver-based company seeking to develop lithium brine properties in southern Arkansas, signaling that current very low shares compared to lithium hype in 2021-2022 are seen to continue to trade at best according to a…
Standard Lithium Ltd. (NYSE:SLI) Q2 2024 Earnings Conference Call February 12, 2024 11:00 AM ET Company Participants Salah Gamoudi – CFO Robert Mintak – Director and CEO Andy Robinson – President, Director and COO Mike Barman – Chief Development Officer Conference Call Participants Joseph Reagor – ROTH MKM Noel Parks – Tuohy Brothers Katie Lachapelle…
Introduction The transition from Fiat Standards to the Bitcoin Standard, though highly desirable, is not inevitable or necessarily imminent. The timing and occurrence of these changes hinge on the adoption choices made by individuals, organizations, and public entities. These decisions are influenced not only by rational considerations but also by emotional and irrational factors (greed…
The bank also anticipates a potential flow on the lower side of its projection. On the opposite end, it foresees inflows reaching $130 billion, considering an estimated range of $50-100 billion in 2024 as reasonable. Various applicants for spot bitcoin ETFs also envision substantial capital entering the market. For example, VanEck predicts $1 billion in…
Today Breez announces FiatLink, an open API standard for the integration of on and off ramps directly inside of Lightning wallets and applications. Currently there are many issues with seamless integration of Bitcoin to fiat exchanges inside of applications, chief among them being lack of Lightning support by many brokerages. In addition to that, each…
Wirestock The Apple Investment Thesis Data by YCharts Apple Inc. (NASDAQ:AAPL) had another fantastic year in terms of stock performance. But with the exception of a few minor bumps in the road, Apple shareholders have gotten used to it since the release of the first iPhone, as Apple has been one of the best-performing stocks…
The nature of money is tragically one of the most unexamined and vital questions in modern society. Over the course of history, different monetary systems have risen and fallen as technology progressed and new forms of money emerged that were superior to what came before. To help us understand money, we must examine the question:…
Moussa81 Several members have asked for an update about what’s going on with dividend stocks, particularly the aristocrats. Here is what they mean. Dividend Aristocrats Vs. S&P Over Time Year Aristocrats Returns Aristocrats Cumulative Returns S&P 500 Total Returns S&P Cumulative Returns 1990 5.70% 105.70% -3.2% 96.8% 1991 38.50% 146.4% 30.4% 126.2% 1992 10.10% 161.2%…
China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26 digital RMB active pilot…
Bitcoin has seen a positive trend over the past few weeks after dropping to a new all-time low last year due to the crypto winter that wiped billions of dollars from the industry. Standard Chartered Bank is doubling down on its Bitcoin (BTC) predictions, suggesting that the leading crypto asset has the potential to soar…
Despite the recent setbacks, Standard Chartered had been on an upward trajectory before the China-related issues came to the forefront. Shares of UK-based banking giant Standard Chartered Plc (LON: STAN) plummeted by as much as 17% during early trading, leading to a temporary halt in trade, and by 11:15 a.m. London time, the stock remained…
As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital assets, stablecoins, and Central…
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital payments are conducted…
MOZCO Mateusz Szymanski/iStock Editorial via Getty Images Developing markets-focused bank Standard Chartered (OTCPK:SCBFF) should be well-positioned for a return to growth in emerging markets. Then again, that can make it vulnerable to a global financial downturn. For now, it is performing well and its first half results were strong. I last covered the name in…
Zodia Custody will now offer yield on digital assets to institutional clients in addition to providing its custody services. Zodia Custody, a leading crypto custody platform owned by banking giant Standard Chartered, will start providing yield on crypto holdings owned by its institutional clients. To bring this to fruition, Zodia Custody has partnered with OpenEden,…
EAGiven Major multinational energy company Chevron Corporation (NYSE:CVX) is an energy investing staple. The stock price is up 14% from my last review. The company offers investors a 3.6% dividend coupled with a stock buyback program of up to several billion dollars per year. Chevron’s low-royalty Permian acreage is a bigger competitive advantage than most…
olaser In an earlier discussion about the world of luxury brands, we took a closer look at Tapestry (TPR) and found it somewhat lacking the luster we’d usually associate with such a high-end name. It was clear that Louis Vuitton (OTCPK:LVMHF) (OTCPK:LVMUY) has been the thoroughbred in this race. What caught my attention was the…
anyaberkut For those who love generous, safe, and steadily growing dividends, there are few better single-ticker retirement solutions than Schwab U.S. Dividend Equity ETF™ (NYSEARCA:SCHD). Currently, the economy and stock market are at a potential inflection point. Very smart people on Wall Street are arguing persuasively that stocks will rip 10% to 20% higher or…
John Moore Shares of Standard Lithium (NYSE:SLI) have gained 24.71% since my last article on the company in March 2023 against the S&P 500 at +16.13%. Over the past year, SLI has dropped 20.95% (YoY) but it is up 52.82% (YTD). According to me, the share price has remained resilient (surging 60.77% above the 52-week…