Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen.
Samani, a managing partner at Multicoin Capital, hopes to offload that task soon. He’s among a small group of institutional investors who have been testing Coinbase Inc.’s new crypto custody service, one of scores of such offerings in development. Some services are now almost ready — with huge implications for the market’s future.
“There are a lot of investors where custodianship was the final barrier,” Samani said in a phone interview. “Over the next year, the market will come to recognize that custodianship is a solved problem. This will unlock a big wave of capital.”
Coinbase expects to win approval soon to serve clients requiring a so-called qualified custodian that meets tough U.S. standards for guarding assets, according to a spokesman. It’s among crypto startups including Circle and BitGo that have been talking with regulators. In May, investment bank Nomura Holdings Inc. joined crypto firms Ledger and Global Advisors to create a custody consortium called Komainu. And at least three giant Wall Street custodians — Bank of New York Mellon Corp., JPMorgan Chase & Co. and Northern Trust Corp. — are working on crypto-custody services or exploring it, people briefed on their efforts said.
Best Bank Stocks To Invest In Right Now: Texas Instruments Incorporated(TXN)
- [By ]
Though Texas Instruments’s (TXN) automotive chip sales have been registering healthy double-digit growth for several years, COO Brian Crutcher argued at a recent Goldman Sachs conference that the industrial vertical is TI’s “best growth opportunity” going forward. “I love automotive…but…we cover over 500 end equipments or end products in industrial. And every single one of them are trying to make their systems smarter, more intelligent, transfer more data, faster. All those things need electronics,” he said.
- [By John Ballard]
Texas Instruments (NASDAQ:TXN) and Activision Blizzard (NASDAQ:ATVI) are two growth stocks that have a proven record of consistently raising their payouts to shareholders. Even better, both companies raised their dividends more than 10% in the last year, making them worth considering to buy and hold for the long term.
- [By ]
With so many stocks trading at pricey valuations, are you looking for solid dividend stocks to round out your portfolio? Two all-star dividend stocks are semiconductor company Texas Instruments (NASDAQ:TXN) and home improvement retailer Home Depot (NYSE:HD). Both stocks benefit from meaningful dividend yields and exceptionally strong dividend growth.
- [By Stephan Byrd]
Ibex Wealth Advisors boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,497 shares of the semiconductor company’s stock after buying an additional 1,625 shares during the period. Texas Instruments makes up approximately 1.8% of Ibex Wealth Advisors’ investment portfolio, making the stock its 16th largest position. Ibex Wealth Advisors’ holdings in Texas Instruments were worth $4,901,000 at the end of the most recent reporting period.
- [By Max Byerly]
Colony Group LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 128.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,768 shares of the semiconductor company’s stock after purchasing an additional 8,298 shares during the quarter. Colony Group LLC’s holdings in Texas Instruments were worth $1,628,000 at the end of the most recent reporting period.
Best Bank Stocks To Invest In Right Now: American Express Company(AXP)
- [By Stephan Byrd]
American Express (NYSE:AXP) has been given a consensus rating of “Hold” by the thirty analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $107.26.
- [By Logan Wallace]
News coverage about American Express (NYSE:AXP) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Express earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the payment services company an impact score of 47.251062548923 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
- [By Paul Ausick]
American Express Co. (NYSE: AXP) traded down 1.03% at $100.96. The stock’s 52-week range is $75.98 to $103.24. Volume was about 60% below the daily average of around 3.6 million. The company had no news Friday.
- [By Steve Symington]
But several individual stocks pulled back harder than most, including Scholastic (NASDAQ:SCHL), American Express (NYSE:AXP), and Philip Morris (NYSE:PM). Here’s why they did so poorly.
- [By Chris Lange]
American Express Co. (NYSE: AXP) is scheduled to release its most recent quarterly results after the markets close on Wednesday. The consensus estimates from Thomson Reuters are $1.82 in earnings per share (EPS) on $10.05 billion in revenue. The second quarter of last year reportedly had EPS of $1.47 and $8.31 billion in revenue.
- [By Joseph Griffin]
MANA Advisors LLC decreased its holdings in shares of American Express (NYSE:AXP) by 38.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,962 shares of the payment services company’s stock after selling 3,039 shares during the period. MANA Advisors LLC’s holdings in American Express were worth $463,000 at the end of the most recent quarter.
Best Bank Stocks To Invest In Right Now: Star Gas Partners, L.P.(SGU)
- [By Logan Wallace]
Headlines about Star Group (NYSE:SGU) have been trending positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Star Group earned a coverage optimism score of 0.47 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 45.7696057597891 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
- [By Tim Melvin]
Star Group LP (NYSE: SGU) is definitely in a really boring business: They sell heating oil and propane to customers in the United States.
Most of their operation is in the Northeastern United States, but they also serve Michigan, Tennessee, the Carolinas, and Georgia. In all, they have 455,000 retail and commercial customers under contract and another 74,000 using on-demand delivery.
- [By Joseph Griffin]
Canton Hathaway LLC bought a new stake in Star Group LP (NYSE:SGU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,000 shares of the pipeline company’s stock, valued at approximately $177,000.