Wikio - Prashant Bhatia

Citi Analyst Sees Tough Times For Banks (The Street)

twocents@thestreet.com (Debra Borchardt ) — Mon, 19 May 2008 16:50:00 GMT

Prashant Bhatia cuts profit forecasts for Goldman Sachs, Lehman Brothers and Morgan Stanley.

Explore : Banking, Citigroup, Finance, Goldman Sachs Group, Morgan Stanley

Citigroup Analyst: Merrill Should See Profits Return Next Quarter (Seeking Alpha)

Mon, 21 Apr 2008 09:06:41 GMT

FP Trading Desk submits: Despite a rough March, Merrill Lynch & Co.’s (MER) underlying core trends looked great, according to Citigroup Prashant Bhatia, who highlighted the firm’s $1.8-billion in fixed income revenue, and $1.6-billion in equities revenue, excluding write-downs. And while some think the investment bank should raise billions more in capital to bolster its balance sheet,...

Source : Seeking Alpha (subscribe)

Explore : Citigroup, Merrill Lynch, Merrill Lynch

Citi reiterates buy rating on Lehman (Market Watch)

Tue, 01 Apr 2008 13:05:32 GMT

BOSTON (MarketWatch) -- Citigroup Global Markets on Tuesday reiterated its buy rating on shares of Lehman Brothers Holdings Inc. after Lehman said it plans to offer 3 million of convertible preferred shares to bolster its capital position and financial flexibility. Prashant Bhatia in a report said the capital raise will reduce leverage, and estimated earnings-per-share dilution of less...

Source : Market Watch (subscribe)

Explore : Citigroup, Lehman Brothers Holdings, Markets

Lehman Shares Get Boost From Analyst (The Street)

twocents@thestreet.com (Laurie Kulikowski) — Fri, 28 Mar 2008 18:35:00 GMT

Citi's Prashant Bhatia called it a buy and downplayed liquidity concerns that hit the stock hard Thursday.

Source : The Street (subscribe)

Explore : Banking, Citigroup, Finance

Lehman Shares Boosted By Analyst (The Street)

twocents@thestreet.com (Laurie Kulikowski) — Fri, 28 Mar 2008 16:38:00 GMT

Citi's Prashant Bhatia called it a buy and downplayed liquidity concerns that hit the stock hard Thursday.

Source : The Street (subscribe)

Explore : Banking, Citigroup, Finance

Aw, What the Heck - Buy Lehman. (MarketBeat)

Fri, 28 Mar 2008 14:27:20 GMT

While one banking analyst continues to rain thunderbolts upon the financial-services companies, another took the road less traveled, upgrading Lehman Brothers Friday, effectively conceding that it would be hard for the credit environment to get much worse. Citigroup’s Prashant Bhatia boosted shares of Lehman to a buy rating from a hold recommendation held by the firm [...]

Source : MarketBeat (subscribe)

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Citi says Lehman has ample liquidity (Reuters UK)

Fri, 28 Mar 2008 12:43:36 GMT

(Reuters) - Lehman Brothers Holdings Inc has ample liquidity to run its business and will generate positive earnings and grow book value per share this year, said Citigroup analyst Prashant Bhatia, who upgraded the stock to "buy" from "hold" on valuation.

Source : Reuters UK (subscribe)

Explore : Citigroup, Lehman Brothers Holdings

Citi says Lehman has ample liquidity (The Earth Times Online Newspaper)

Fri, 28 Mar 2008 12:03:04 GMT

Source : The Earth Times Online Newspaper (subscribe)

Explore : Banking, Business, Citigroup, Lehman Brothers Holdings

Citi says Lehman has ample liquidity (Reuters)

Fri, 28 Mar 2008 12:01:55 GMT

Source : Reuters (subscribe)

Explore : Business, Citigroup, Lehman Brothers Holdings, Technology

High rates still drew consumer deposits into E*Trade despite bankruptcy chances (Compete)

Tue, 15 Jan 2008 18:00:08 GMT

In November 2007, Prashant Bhatia, a Citi Investment Research Analyst, wrote that E*Trade had a 15% chance of bankruptcy due to the effects of the decline in the subprime market. E*Trade’s shareholders clearly took this statement to heart as the company's share price declined 59% in one day. Just as interesting however, is [...]

Source : Compete (subscribe)

Shorting Newcomer Och-Ziff So Soon? (Sound Money Tips)

Wed, 26 Dec 2007 14:27:33 GMT

In the New York Times' DealBook Monday, Andrew Ross Sorkin reported that Och-Ziff Capital Management (OZM), the newly-listed hedge fund, had won only a "hold" rating from Citigroup (C) analyst Prashant Bhatia: Complete Story »

Source : Sound Money Tips (subscribe)

Explore : Citigroup, Hedge funds, Investors

An Och-Ziff Underwriter Shows Wariness of Stock (DealBook)

Mon, 24 Dec 2007 19:43:37 GMT

A Citigroup analyst left a lump of coal for Och-Ziff Capital Management, the hedge fund that went public last month. The analyst, Prashant Bhatia, began covering the fund with a “hold” rating, writing in his research note that Och-Ziff might be facing headwinds for the forseeable future. For Mr. Bhatia — who acknowledges that his firm [...]

Source : DealBook (subscribe)

Explore : Citigroup, Coal, Energy, Hedge funds, Investors

Not Covering My Homebuilder Shorts Yet (Seeking Alpha)

Mon, 03 Dec 2007 06:54:31 GMT

Colin Peterson submits: Another violent bear market rally. The market should have tanked instead after the awful news last week: Citadel bought a portfolio of E*Trade's residential loans . " Citigroup investment bank analyst Prashant Bhatia said E*Trade actually received 11 cents on the dollar for its portfolio, if you factor in that the brokerage received $800 million in cash minus...

Source : Seeking Alpha (subscribe)

Explore : Banking, Citigroup, Markets, Mortgages

E*Trade (ETFC): Citadel Deal Cuts Shareholders in Half (Silicon Alley Insider)

Fri, 30 Nov 2007 21:14:31 GMT

How bad did E*Trade (ETFC) screw up? Real bad. The $2.55 billion injection from hedge-fund Citadel will result in 50% dilution to existing shareholders, says Citi analyst Prashant Bhatia, the man who started the run on the bank by murmuring...

Source : Silicon Alley Insider (subscribe)

Explore : Banking, Hedge funds, Investors, Philosophy, Technology

Don't Panic About E*Trade (Psychohistory)

Tue, 13 Nov 2007 15:34:55 GMT

Wow, people are really panicked. Here’s what happened. Yesterday, Citigroup analyst Prashant Bhatia wrote an extremely negative report on E*Trade based on their announcement of exposure to mortgage securities where he put the likelihood of bankruptcy at 15%. How he calculated this, I don't know. Maybe he estimated their exposure and risk curve for their portfolio, [...]

Source : Psychohistory (subscribe)

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Wave of Buying at Schwab and Ameritrade after E*Trade Meltdown (Seeking Alpha)

Tue, 13 Nov 2007 12:35:12 GMT

Ant & Sons submits: In a note to clients on Monday, Citi Investment Research analyst Prashant Bhatia wrote that E-Trade Financial Corp. (ETFC) would come under immense pressure from writedowns and a Securities and Exchange Commission inquiry that would result in a cascade of clients closing accounts. Complete Story »

Source : Seeking Alpha (subscribe)

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E*Trade: Don't Shoot The Messenger (Seeking Alpha)

Tue, 13 Nov 2007 09:06:43 GMT

Felix Salmon submits: Just as one shouldn't shout "fire" in a crowded theater, one shouldn't shout "run on the bank" in an analyst's report. If you do that, as Citigroup's Prashant Bhatia notoriously did in his report on E*Trade, you risk your report turning into a self-fulfilling prophecy . Complete Story »

Source : Seeking Alpha (subscribe)

Explore : Banking, Citigroup

Who said the sell-side is dead? (IR Web Report Blog)

Tue, 13 Nov 2007 07:09:55 GMT

By Dominic Jones FOR those who believe that the sell-side is a lame duck, here’s a cautionary tale best told by the chart below of E*Trade Financial Corp.’s (NASDAQ: ETFC) stock trading over the past five days. After Citigroup analyst Prashant Bhatia speculated that the company has a 15% probability of going bankrupt, the stock fell almost [...]

Source : IR Web Report Blog (subscribe)

Explore : Banking, Citigroup

How to Deal with the E*Trade Run on the Bank (Long or Short Capital)

Mon, 12 Nov 2007 21:28:13 GMT

So of you may have heard how some Citi sell-side jockey named Prashant Bhatia (nickname being “Capital IQ”) said that E*Trade has a 15% chance of bankruptcy and faces a potential run on the bank. This is probably the most hysterical piece of sell-side analyst I can recall, but it may be a [...]

Source : Long or Short Capital (subscribe)

Explore : Banking

E*Trade Bashed Following Bankruptcy Buzz (WebPro News)

Mon, 12 Nov 2007 20:13:41 GMT

E*Trade’s stock has spent a good deal of time in the $8-$9 range, just comfortably floating along. But due to warnings about earnings and even bankruptcy, the stock lost over 50 percent of its value today, and is now sitting at $3.57, down $5.02 from its opening price. A report from Prashant Bhatia, an analyst at Citi Investment Research, is generally being fingered as the cause of the...

Source : WebPro News (subscribe)

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