Investment Banking Industry News
A collection of Investment Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Wall Street giants lead China-profit surge despite market polarisation
Overseas-invested securities firms collectively saw income from their China businesses skyrocket in 2025, as combined net profits climbed more than fourfold from a year earlier to 2.65 billion yuan (US$390 million), according to their annual…
Miller Industries expects $850M-$900M 2026 revenue amid 3% price increase and production pause (NYSE:MLR)
Earnings Call Insights: Miller Industries (MLR) Q1 2026 'We entered the year with strong momentum' and management said actions taken in 2025 to 'reduce field inventory' and 'strengthen our supply chain' helped support 'solid sequential revenue…
Politics And The Markets 05/08/26
This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don't leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor…
AI is 'absolutely useless' at forecasting inflation. This proven model is 12 times more accurate.
A new study provides yet more evidence that investors exaggerate the forecasting ability of artificial intelligence. The study's authors found that ChatGPT doesn't even come close to matching the predictive accuracy of a low-tech model that has…
Congressmen Khanna and Deluzio talk about competing with China while touring Pittsburgh-area steel facilities
With steel production in the U.S. lagging significantly behind China, a top congressman from California offered potential solutions while touring steel plants in the Pittsburgh area on Thursday. Rep. Ro Khanna (D-California) and Rep. Chris Deluzio…
China robotics to drive next chapter of manufacturing dominance: Morgan Stanley
China is poised to leverage the humanoid and robotics market to consolidate its dominance over global manufacturing – a move that echoes its decade-long rise to the top of the electric vehicle (EV) sector, according to a new report.
RGA outlines $400M 2026 deleveraging plan while targeting 20%-30% capital return (NYSE:RGA)
Management indicated recent favorable claims experience should not be overly emphasized, and much of the current benefit is deferred to future periods; there are no significant mortality trends to call out. The company assumes a 7% variable…
ISG targets Q2 revenue of $62.5M-$63.5M as AI-related revenue reaches $21M in Q1 (NASDAQ:III)
AI accounts for about a third of firm-wide revenue, with $21 million in Q1 and management emphasizing strong ongoing AI-related demand and future opportunity, particularly around governance and risk mitigation. The contract, valued up to $17…
Exclusive | Baidu chip unit eyes US$14.7b valuation in Hong Kong IPO: sources
Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The…
Geospace outlines ~$12M annualized cost savings following ~20% workforce reduction as PRM revenue curve extends into 2027-2028 (NASDAQ:GEOS)
Key drivers include progress on the PRM contract, diversification into Smart Water and industrial markets, and anticipated order conversion in ocean bottom seismic activity. Risks include customer inventory overhang affecting Smart Water…
Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip
Tapestry is trading at an attractive level after its fiscal third-quarter earnings report added to investor concerns around demand for affordable luxury fashion, making now a good time to buy shares of the Coach owner, according to JPMorgan. The…
Legacy Housing expects 200 to 300 high-margin workforce units delivered in Q2 2026 as Section 45L credit sunsets June 30 (NASDAQ:LEGH)
Earnings growth resulted from reduced SG&A costs, slightly higher gross margins, and a temporarily lower effective tax rate, even as revenue fell slightly. Deposit-backed workforce housing orders, primarily in Texas, are expected to drive most…
Mercer outlines $60M-$80M 2026 CapEx plan as special committee reviews liquidity options (NASDAQ:MERC)
Elevated fiber costs in Germany and Canada and weak demand/pricing for pulp and lumber are continuing to pressure Mercer's profitability, leading to negative net income and flat pulp sales volumes. Mercer missed a leverage covenant and secured a…
Main Street anticipates Q2 2026 DNII before taxes of at least $1.00 per share amid average pipelines (NYSE:MAIN)
Management implemented a $0.30 supplemental dividend, raised the regular dividend, and hinted at further supplements, acknowledging reduced nonrecurring income due to portfolio exits and emphasizing future proposals depend on ongoing investment…
Calumet outlines $1-$2 per gallon SAF premium contracts while ramping MaxSAF 150 expansion (NASDAQ:CLMT)
Calumet is strategically poised to capitalize on renewable fuels market tailwinds, with the Montana Renewables expansion completed on time and budget, aiming to increase SAF production and accelerate deleveraging. The organic chloride incident at…
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