NEW: Elon Musk's @xai is hiring Wall Street bankers and credit experts to train @grok on finance, from leveraged loans to distressed debt. https://t.co/o6vNdJ9xAz ...

Core Viewpoint - BTIG has lowered its price target for American Express to $285 from $328 while maintaining a Sell rating due to valuation concerns in the declining consumer finance sector [1] Valuation Adjustments - The target reduction is primarily driven by valuation adjustments rather than changes to the underlying thesis, with the new target implying approximately 16x BTIG's 2026 EPS estimate and 14x its 2027 estimate, slightly above the historical forward P/E average of around 15x [1] Competitive Landscape - Concerns have been reiterated regarding American Express' premium customer base facing increasing competition and potential weakness among super-prime consumers, particularly younger white-collar professionals [2] - Commercial spending volumes are lagging behind competitors, especially fintech companies that have gained traction in commercial lending and enterprise expense management, indicating that American Express' commercial offerings appear less competitive [3] Management Response - There has been a noted lack of urgency from management in addressing the shortcomings in commercial offerings, which could hinder the company's competitive position [3] Economic Risks - Potential economic risks tied to the adoption of artificial intelligence could disproportionately affect American Express' younger white-collar customer base, which increasingly relies on its lending platform [4] - Declines in capital markets valuations, including write-downs in private credit investments, could negatively impact the company's client base [4] Growth Prospects - While these factors do not pose an existential threat to American Express, they could limit growth prospects, with the current valuation remaining above historical levels despite trends not appearing stronger than past performance [5]

🤖TECH: @XAI HIRING WALL ST BANKERS TO TEACH GROK FINANCExAI is seeking to hire bankers and private credit experts to improve its Grok chatbot's finance strategy according to job listings posted on its website.They are seeking finance professionals to tutor Grok on a wide range of financial markets and investing strategies, including structured finance and credit products, private credit, portfolio management, equity, M&A, and quantitative analysis. ...

Lloyd Blankfein became the boss of Goldman just months before the global financial crisis erupted. He devotes much of his memoir to describing how he ran the firm in 2006-18 https://t.co/81GnT90FW1 ...

How-I-ran-the-firm memoirs can be turgid, but Lloyd Blankfein has a light touch. He offers readers the cheeky, often self-deprecating humour that was his trademark as CEO of Goldman Sachs https://t.co/y2Nstjrens ...

Those hoping for riveting stories from 2007-09 will be disappointed that Lloyd Blankfein offers little that is new. He has more to say about why Goldman Sachs came through the crisis relatively unscathed https://t.co/5opcq0gccg ...

Runway Growth Finance Corp. (NASDAQ:RWAY) is a prominent player in the financial sector, providing essential growth capital to venture-backed companies. With a focus on lending to high-growth businesses, RWAY stands out among financial firms offering growth financing solutions. Recently, Erik Zwick from Loop Capital Markets set an ambitious price target of $10 for RWAY, indicating a potential increase of approximately 50.83% from its current trading price of $6.63.During its Q4 2025 earnings call, RWAY disc ...

Here's the lowdown on adviser fees, fund returns and what is driving client redemptions on Wall Street. ...

Runway Growth Finance (NasdaqGS:RWAY) Q4 2025 Earnings call March 12, 2026 05:00 PM ET Company ParticipantsCasey Alexander - Senior ResearchDavid Spreng - CEOErik Zwick - Managing DirectorGreg Greifeld - Chief Investment OfficerQuinlan Abel - Assistant VP of Investor RelationsTom Raterman - CFO and COOConference Call ParticipantsRick Shane - Managing Director and Equity Research AnalystSean-Paul Adams - Senior Research AnalystOperatorLadies and gentlemen, thank you for standing by, and welcome to the Runway ...

Lloyd Blankfein, Goldman’s former boss, offers an uncharacteristically tactful book about life on the Street https://t.co/Bf6i59nSNL ...