-- 瑞銀週三在一份報告中指出，根據投資人回饋，花旗集團(C)的中期有形普通股殖利率目標應在14%至15%之間。 瑞銀也表示，投資人預期花旗集團的長期目標報酬率將超過15%，尤其是在與同業公司進行比較時。與僅基於六位分析師預測的12.8%的賣方共識相比，瑞銀認為買方投資者的預期「更為關鍵」。 為了提高有形普通股收益率，花旗集團應降低其一級普通股資本充足率，目前為12.7%，比監管最低要求高出110個基點。瑞銀指出，美國銀行(BAC)和高盛集團(GS)等等公司的緩衝區下限為50個基點。 全球系統重要性銀行(GSB)的重新調整預計將使花旗集團的附加費降至3%。根據這份報告，假設壓力資本緩衝區為2.5%至3%，管理緩衝為50個基點，該公司2028年的預期淨利將意味著有形普通股股東權益報酬率為13.1%至14.4%。 瑞銀對該公司股票的評等為中性，目標價為134美元。
Price: $128.25, Change: $+0.24, Percent Change: +0.19%
Tenaris (TS) reported fiscal Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMH delivered Q4 2025 FFO of $0.47 per share, in line with consensus, while revenue of $455M missed estimates despite 4.2% growth driven by higher rental rates. Average occupancy declined 30 bps to 95.0% and blended lease rates of +2.8% decelerated from 3.6% in Q3, signaling weakening pricing power in a challenging rental market. Management significantly lowered 2026 core NOI growth guidance to just 1.0%-3.0%, down from beginning 2025 expectations, citing economic uncertainties. The trust maintains a strong balance sheet with $5.2B total debt, no maturities until 2028, and 8.5-year average maturity. AMH plans $500M-$600M in property acquisitions and $150M-$250M in development for 2026, while executing $115M in share repurchases. We view the disappointing guidance and slowing lease growth as signs of mounting operational headwinds, though the unencumbered balance sheet and disciplined capital allocation provide some stability in the near term.