Asia Pacific Equity Research 01 July 2025 China SMid Insurance Key investor feedback post the initiation; ZhongAn remains top investor focus See page 4 for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as onl ...

guotai junan approval marks first chinese state-backed btc trading. stock +200%deutsche bank launches custody. sparkassen reverses 3yr ban. $1.5T aum unlockedsupply shock incoming:* corps bought 160k btc vs 40k mined in q2* spot etf inflows: $4.6b last month* daily btc flows beat gold ($1.17b vs $0.95b)fannie mae + freddie mac now count btc in mortgagesbearish if true ...

Deutsche Bank plans to launch its digital assets custody service next year and has enlisted crypto exchange Bitpanda’s technology unit to help build the offering https://t.co/QN7n2XVKkb ...

Key Takeaways HSBC's arm agreed to sell its German custody business to BNP Paribas as part of its simplification strategy. The deal includes all custody assets and clients, with transfers set to begin in early 2026 after approvals. HSBC targets $1.5B in annual savings by 2026 through global business exits and cost realignment.HSBC Holdings Plc’s (HSBC) subsidiary, HSBC Continental Europe,has reached an agreement to sell its custody operations in Germany to BNP Paribas (BNPQY) . This potential transaction ...

Press Release 27 June 2025 SALE OF CUSTODY BUSINESS IN HSBC GERMANY HSBC Continental Europe has reached an agreement to sell its custody business in Germany to BNP Paribas S.A, Niederlassung Deutschland (‘BNP Paribas’) (the ‘Potential Transaction’), reinforcing its focus on being the leading corporate and institutional bank in Germany and Europe for international clients. This decision forms part of the simplification strategy of HSBC announced in October 2024. HSBC is focused on increasing its leadership a ...

Core Viewpoint - Coinbase has been recognized as a leading player in the cryptocurrency sector, with analysts upgrading its price target significantly, reflecting strong growth potential and market position [2][3]. Group 1: Analyst Insights - Bernstein analysts upgraded Coinbase's price target to $510 from $310, maintaining an "Outperform" rating, and described it as the "most misunderstood company" in the crypto space [2]. - Analysts highlighted Coinbase's unique position as the only cryptocurrency company in the S&P 500, its dominance in U.S. crypto trading, and its leadership in the stablecoin exchange market [3]. - Coinbase has diversified its offerings beyond trading, including institutional custody, Base blockchain infrastructure, and a Prime lending desk [3]. Group 2: Price Targets and Broker Ratings - The average price target for Coinbase, based on 26 analysts, is $275.40, indicating a potential decline of 20.13% from its closing price of $344.82 on June 24 [4]. - Coinbase has an average brokerage recommendation (ABR) of 2.14, indicating a shift from an ABR of 2.27 a month ago, with 13 Strong Buy and one Buy recommendations [5][6]. Group 3: Earnings Estimates - The Zacks Consensus earnings estimate for Coinbase's current quarter is $0.91, up from $0.83 a month ago, with the full-year estimate now at $2.96 per share, an increase from $2.41 [7]. Group 4: Market Trends - Coinbase's stock has surged approximately 40% this year, partly due to the Senate's passage of the GENIUS Act, which aims to create a federal framework for stablecoins [8]. - The positive market sentiment is also reflected in the strong gains of other crypto-related companies, indicating increasing institutional adoption of bitcoin and optimism around stablecoin regulation [8]. Group 5: Valuation Concerns - Despite the positive outlook, Coinbase shares are considered to lack value, with a trailing 12-month price-to-earnings (PE) ratio of 49.12X compared to 15.16X for the Financial - Miscellaneous Services industry [9]. Group 6: Investment Options - Investors looking to mitigate risks while capitalizing on Coinbase's momentum may consider COIN-heavy ETFs, which include several funds with at least 10% exposure to Coinbase [10][11].

Key Takeaways COIN relies on trading volume as a core revenue driver, boosted by crypto market dynamics and volatility. Growing volumes support demand for custody, staking and subscriptions, aiding revenue diversification. Despite a 22.1% YTD stock gain, COIN faces valuation pressure and declining near-term EPS estimates.Coinbase Global, Inc. (COIN) relies heavily on trading volumes as a core driver of revenues and a key indicator of its long-term business trajectory. This crypto leader generates the bulk ...

Bitcoin Treasury Strategy to Anchor New Business FocusRANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational compo ...

JPMorgan Chase (JPM) 2025 Conference June 10, 2025 01:00 PM ET Speaker0 Okay. For important disclosures, please see Morgan Stanley Research Disclosure website at morganstanley.com/researchdisclosure. And the taking of photographs and recording devices is not allowed unless you're authorized. If you have any other questions, please reach out to your MS representative. And with that, I am just so delighted to say, Jamie, Jamie Dimon, welcome back to our conference. We're so delighted to have you with us today ...

Key Takeaways HBAN is divesting its corporate trust and custody business to Argent Institutional Trust Company. The deal transfers client relationships, personnel, and infrastructure while preserving service continuity. Post-deal, AITC will continue providing trust services to HBAN's commercial banking clients.Shares of Huntington Bancshares (HBAN) gained 3.05% on Friday, following its decision to streamline operations by divesting the corporate trust and institutional custody business of its subsidiary, ...