Latest news with #Luxembourg
Yahoo
an hour ago
- Business
- Yahoo
The Case for Coinbase Stock Hitting $510 This Year
The cryptocurrency market is experiencing renewed upward momentum. Bitcoin (BTCUSD) is holding strong, stablecoins are going mainstream, and the regulatory fog is finally lifting. Plus, platforms are making crypto more accessible than ever with smoother onboarding, integrated wallets, and a user experience that feels less like code and more like cash. In the middle of it all stands Coinbase (COIN), the premier U.S. crypto exchange. The company has been quietly evolving into a full-blown financial powerhouse. While most players are still figuring it out, Coinbase has already secured its S&P 500 ($SPX) badge and dominates stablecoin flows. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! With Washington warming up to crypto thanks to the GENIUS Act and Circle's USD Coin (USDCUST) model gaining traction, Coinbase is riding a fresh wave of optimism. Armed with a MiCA license and a fresh European hub in Luxembourg, the company's global push is also turning heads on Wall Street. That's why Bernstein analyst Gautam Chhugani recently raised his COIN stock price target to $510. Amid mounting tailwinds and a stellar double-digit surge in 2025, the stock's path to that target may be accelerating faster than expected. Founded in 2012, Coinbase is a Delaware-based crypto giant boasting a $90 billion market capitalization. As the second-largest exchange globally, it serves both retail and institutional investors. Beyond trading, Coinbase is expanding through global licenses, acquisitions, and innovations like stablecoin payments and crypto cards, positioning itself as a key architect in the evolution of digital finance. As Bitcoin climbs and regulation turns favorable, COIN stock is riding a powerful wave. On Wednesday, shares surged more than 3% to touch $369.28 — edging closer to 2021 highs — after Bernstein dubbed Coinbase the 'Amazon of crypto.' Bringing stablecoin clarity, the GENIUS Act's Senate passage also sparked a rally, boosting Coinbase's prospects. Zooming out, COIN stock has soared 50% on a year-to-date (YTD) basis and a staggering 93% over the past three months. That signals serious momentum for this crypto heavyweight. Coinbase's fiscal first-quarter earnings report, unveiled on May 8, showed strong momentum but fell short of expectations. Revenue jumped 24% year-over-year (YOY) to $2 billion, fueled by active trading and demand for Coinbase One. EPS came in at $0.24, missing estimates, while adjusted net income slipped 23% to $1.94 per share, leaving Wall Street hoping for a stronger beat. Transaction revenue rose 18% to $1.3 billion, while consumer trading volume hit $78 billion, up 39% YOY despite a sequential dip. Institutional flow reached $315 billion, also up annually. Subscriptions and services jumped 36% to $698.1 million, powered by stablecoin traction and user loyalty. April alone brought in $240 million in transaction revenue, hinting at a potentially stronger Q2 ahead. Building on its momentum, Coinbase spotlighted the $2.9 billion Deribit acquisition as a bold step into global derivatives, aligning with CEO Brian Armstrong's vision to unite spot, futures, and options. With rising USDC balances adding stability, the deal is seen as EBITDA-accretive and crucial for scaling institutional flows. While macro headwinds and crypto swings remain, CFO Alesia Haas noted early Q2 softness in blockchain rewards and subs. Still, management remains confident, banking on global expansion, policy clarity, and a forecast $600 million to $680 million in Q2 subscription and services revenue. Analysts monitoring Coinbase expect the company's EPS to be around $5.10 in fiscal 2025 before surging almost 28% annually to $6.52 in fiscal 2026. With a fresh wave of optimism, Bernstein analyst Gautam Chhugani gave COIN stock an 'Outperform' rating and raised his target price from $310 to $510 — the highest on the Street, implying 36% growth. Bernstein sees Coinbase as wildly misunderstood and severely underpriced. With solid earnings upgrades, a fading bear case, and regulatory tailwinds like the GENIUS Act, the analyst believes COIN is now the "Amazon of crypto financial services." Coinbase's recent wins back that up — its entry into the S&P 500, dominance in stablecoins, the Deribit acquisition, and more. With a European win now in hand and a fresh suite of crypto innovations unveiled, Bernstein sees Coinbase positioned not just as a player, but the platform to beat in a maturing crypto landscape. Wall Street leans bullish on COIN with a "Moderate Buy" consensus rating. Out of 29 analysts, 13 now rate it as a 'Strong Buy" while one advises a 'Moderate Buy" rating. Next, 14 analysts are playing it safe with 'Hold" ratings and the remaining analyst is outright bearish with a 'Strong Sell' stance. The stock's rally over the past few weeks has pushed it past the average price target of $275.40. That's a clear sign of growing investor enthusiasm and bullish momentum. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
20 hours ago
- Business
- Yahoo
Quintet Private Bank integrates private markets into client portfolios
Luxembourg-based Quintet Private Bank, with operations across Europe and the UK, has integrated private markets exposure into its client portfolios. Clients with relevant portfolios can now access actively managed exposure to alternative assets, including private equity, private credit, and real assets. These are offered through selected evergreen private markets funds, complementing traditional allocations to equities, fixed income, and commodities. This integration was facilitated by a collaboration with BlackRock and the implementation of the European Long-Term Investment Funds (ELTIF 2.0) framework, effective since last year. This framework reduces liquidity and operational constraints, enabling continuous capital raising, reinvestment, and flexible redemptions. This allows investors to access private markets with simplicity and efficiency similar to traditional public markets. Bryan Crawford, group head of investment & client solutions and member of the Authorized Management Committee at Quintet, said: 'Diversification is a cornerstone of portfolio resilience, especially during periods of heightened volatility. 'We are therefore delighted to partner with BlackRock to integrate exposure to private markets in client portfolios, supporting increased diversification and creating new opportunities to access long-term growth themes.' Quintet's private markets offering includes BlackRock's private markets platform, which manages over €600bn in assets pro forma across multi-alternatives and private equity strategies for investors in Europe, the Middle East, and Asia-Pacific. BlackRock EMEA Wealth Alternatives Specialists Team head Fabio Osta said: 'By supporting the integration of private markets into wealth portfolios, we are making investing in alternatives easier and more accessible for a broader range of investors so they can benefit from the typically higher returns and diversification the asset class offers.' This announcement follows Quintet's launch of multi-manager UCITS funds last year, also co-designed with BlackRock. These actively managed, single-asset-class funds, exclusive to Quintet clients, combine third-party managers to enhance diversification and portfolio performance. Earlier this year, Quintet introduced Future+, a sustainable investment mandate developed with BlackRock, adhering to its environmental, social, and governance (ESG) principles. "Quintet Private Bank integrates private markets into client portfolios " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
Reinet Investments in talks to sell stake in UK insurer PIC
June 27 (Reuters) - Luxembourg-based investment vehicle Reinet Investments ( opens new tab said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC). The firm did not provide details on the talks or who they were being held with. Sky News reported last week that European savings and retirement services group Athora was in talks to buy PIC in a deal that could value it at up to 5 billion pounds ($6.86 billion) Athora is backed by Apollo Global Management (APO.N), opens new tab. PIC is owned by a consortium of shareholders including private equity firm CVC Capital Partners. ($1 = 0.7289 pounds)
Irish Times
2 days ago
- Business
- Irish Times
EU leaders discuss response to Donald Trump's latest trade proposal
European Union leaders are discussing their response to US president Donald Trump's latest proposal on trade after a briefing from Ursula von der Leyen . The European Commission president told EU leaders at summit talks in Brussels on Thursday evening that she has received the latest US tariff offer, according to officials briefed on the discussion who declined to give any more detail. The question dogging the leaders and the commission, which handles trade matters for the bloc, is whether to accept an asymmetrical trade deal with the US or risk escalation by striking back, provoking Mr Trump's ire. Several member states argued against retaliation, with most suggesting that reaching a quick deal with the US is better than holding out for a perfect one, even if many of Mr Trump's tariffs remain in place, according to two people briefed on the discussions. READ MORE But there is still division, with Paris categorically rejecting any deal skewed in favor of the US and pushing for a complete removal of tariffs, another official said. The EU needs to reach an agreement with Mr Trump by July 9th, when tariffs on nearly all of the bloc's exports to the US increase to 50 per cent. The US president says the EU takes advantage of the US with its goods surplus and perceived barriers to American trade. 'We hope that the discussions with the US continue in an energetic mood in the coming days — the July deadline is coming soon,' Luxembourg prime minister Luc Frieden told reporters on his way into the summit. 'I wish the commission good luck.' Detailed discussions with the US are taking place on tariffs and non-tariff barriers, as well as on key sectors, strategic purchases and regulatory matters the EU is hoping to address through its simplification agenda, said the people, who spoke on the condition of anonymity. The US is asking the EU to make what the bloc's officials see as unbalanced and unilateral concessions. Discussions on critical sectors — such as steel and aluminum, automobiles, pharmaceuticals, semiconductors and civilian aircraft — have been particularly difficult. Officials believe the best-case scenario remains an agreement on principles that would allow the negotiations to continue beyond an early July deadline. Alongside a 10 per cent universal levy on most goods — which is currently facing a US court challenge — Mr Trump has introduced 25 per cent tariffs on cars and double that on steel and aluminum based on a different executive authority. He is also working to expand tariffs on other sectors, including pharmaceuticals, semiconductors and commercial aircraft. Many of those duties are expected to stay, regardless of an agreement with the Trump administration, according to the sources. The EU will assess any end-result and at that stage decide what level of asymmetry — if any — it's willing to accept. The EU's industry chief, Stephane Sejourne, told Bloomberg this week that the EU would need to respond to any tariffs — including a baseline 10 per cent levy — with countermeasures. But some EU leaders, including Italy's Giorgia Meloni have indicated they could live with some levies if it allows for a rapid deal that avoids an escalation in the conflict. 'When we discussed 10 per cent with companies, it isn't particularly impactful for us,' Ms Meloni told reporters in The Hague on Wednesday. 'I think a decision at 10 per cent would enable us, as far as we're concerned, to keep working on things that we care about.' —Bloomberg
Forbes
2 days ago
- Business
- Forbes
The World's Cheapest And Most Expensive Cities: Deutsche Bank Report
View of Luxembourg City's Old Town Luxembourg has been listed as the world's most liveable city in the annual Mapping the World's Prices – 2025 report ranking the cheapest and most expensive cities by the Deutsche Bank Research Institute assessing global cost and quality-of-life indicators. The newly-released report, now in its ninth edition, tracks cost-of-living from rental prices to many goods and services including phones, coffee, beer, taxis, cinema tickets, denim and more in 69 cities relevant to financial markets, ranging from Abu Dhabi to Zurich. 'We have a surprise #1 in the quality-of-life stakes,' the report teases. 'A clue would be that this country is 90 spots lower in the FIFA football rankings.' With its mix of high incomes, free public transport and overall quality of life – the capital of the Grand Duchy of Luxembourg has surpassed wealthier cities like Zurich and Geneva. 'The breakdown of the quality-of-life index shows Luxembourg scoring strongly in purchasing power (6th), commute times (5th), and pollution levels (4th),' RTL Today reports. 'Utilities are not listed among the most expensive globally, suggesting that monthly costs for essentials like energy and water remain comparatively moderate.' Although, according to the report, mortgage payments in Luxembourg are relatively low as a percentage of household income, placing it alongside more affordable cities like Brussels and Chicago, 'that may come as a surprise to many residents," the publication explains. "Earlier this month, the June edition of the Politmonitor confirmed that housing remains the top concern among Luxembourg voters." The Five Top For Life Quality Scenic view of Copenhagen's Nyhavn harbor Following Luxembourg, the five top cities for best quality of life are Copenhagen, Amsterdam, Vienna and Helsinki. Because their cost of living is now the highest in the world, Zurich and Geneva have slipped out of the top five. With Geneva, Zurich, San Francisco and Boston, Luxembourg also ranks the highest for salaries after taxes, at $6,156, marking a 39% increase over the past five years and is the best performer in terms of quality of life next to Copenhagen and Amsterdam. Luxembourg's purchasing power has risen significantly since 2000, climbing 14 places globally, and its average inflation rate of 3.4% since 1971 is among the lowest worldwide. Other financial hubs such as Tokyo in 26th place, Paris 44th, Hong Kong 48th, London and New York tied at 50th, all scored lower on quality of life, hampered by expensive housing, long commutes and high levels of pollution. Some Ranking Surprises People and cars speed through Times Square in New York Another 'surprise' in the study is this: U.S. cities that 'rarely cracked the global top 10 for prices or pay are now jostling with Geneva and Zurich for the top in many of the charts.' New York is the priciest place to live in the city's center, with rent for a three-bedroom apartment costing an average $8,500 a month in 2025. The other American cities that appear among the 11 top ranking for high rents and groceries are Boston, San Francisco, Chicago and Los Angeles. A strong dollar, Wall Street strength and a tech sector that has gone global and remains American-led are among the reasons mentioned in the report that also advises that the trend may be reaching its peak 'at least in pricing terms.' A third 'surprise' in the report is how cheap fast-growing India remains versus its international peers, and predicts that 'it will largely be the third-largest economy in the world by the end of the decade.' Some Lighter Indicators The Mapping the World Prices report also includes lighter touches as it spotlights the cost of some daily indulgences as indicators – for example, the price of a cappucino being most expensive in Zurich, while the most expensive glass of wine is in Singapore. The least expensive location to buy a new iPhone? Seoul, Korea. The best place for a cheap date? Bangalore, India. Luxembourg, however, doesn't shine regarding one of the indicators: It's the third-most expensive place in the world for a five-kilometer taxi ride, behind only Zurich and Paris. Long Term Shifts By Country Looking at longer-term shifts in relative prices levels across countries' economies, the report notes that in 2000 the U.S. was second to Japan in terms of purchasing power parity (PPP). Since then, Japan has dropped 23 places, paying the price for excesses that peaked in the 1990s. Meanwhile, New Zealand rose 20 places, Luxembourg 14 places, Australia 14, Saudi Arabia 12, Czech Republic 11 and the UAE 11, moving up notably in the ranking. The U.S. declined 16 places between 2000 and 2010 to bounce back to #3 behind Switzerland and Israel by the start of 2025. The complete Deutsche Bank Research Institute report Mapping The World's Prices with commentaries and charts of the Cheapest and Most Expensive Cities can be found here. MORE FROM FORBES
