Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Barclays has reported its results for the first quarter of 2025, highlighting a blend of strengths and challenges within its operations and financial metrics.</li><li>The group's performance indicates progress towards strategic goals despite a backdrop characterized by economic uncertainty and market volatility.</li><li>In Q1 2025, Barclays reported a return on tangible equity (RoTE) of 14%, demonstrating an improvement from the previous year’s 12.3%.</li></ul>

Barclays has reported its results for the first quarter of 2025, highlighting a blend of strengths and challenges within its operations and financial metrics.The group's performance indicates progress towards strategic goals despite a backdrop characterized by economic uncertainty and market volatility.In Q1 2025, Barclays reported a return on tangible equity (RoTE) of 14%, demonstrating an improvement from the previous year’s 12.3%.

Barclays PLC: Setting Its Sights on $40B U.S. Card Surge—Will This Bold Bet Pay Off?

<ul><li>Barclays' financial results for the third quarter of 2024 highlight a performance that aligns with the management's strategic objectives, yet also presents certain challenges and uncertainties.</li><li>The results showcase notable strengths in some divisions and areas that require attention.</li><li>Positives in the results are led by strong Return on Tangible Equity (RoTE) figures, which stood at 12.3% for the third quarter and 11.5% year-to-date.</li></ul>

Barclays' financial results for the third quarter of 2024 highlight a performance that aligns with the management's strategic objectives, yet also presents certain challenges and uncertainties.The results showcase notable strengths in some divisions and areas that require attention.Positives in the results are led by strong Return on Tangible Equity (RoTE) figures, which stood at 12.3% for the third quarter and 11.5% year-to-date.

Barclays’ Surprising Growth Strategy: What’s Fueling Their Global Comeback? - Major Drivers

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Chevron’s Q2 revenue grew 4.7% YoY but its net profit fell by 26.2%. Revenue beat estimates by 1% while EPS missed expectations by 13%.</li>
<li>Production grew 11% YoY, driven by record output in the Permian, strong growth in the DJ Basin, and successful PDC Energy integration.</li>
<li>Q2 capex rose 5.2% YoY to USD 4 billion from higher upstream investments and PDC asset spending. Free cash flow dropped 8% YoY to USD 2.3 billion.</li>
</ul>


Chevron’s Q2 revenue grew 4.7% YoY but its net profit fell by 26.2%. Revenue beat estimates by 1% while EPS missed expectations by 13%.
Production grew 11% YoY, driven by record output in the Permian, strong growth in the DJ Basin, and successful PDC Energy integration.
Q2 capex rose 5.2% YoY to USD 4 billion from higher upstream investments and PDC asset spending. Free cash flow dropped 8% YoY to USD 2.3 billion.


[Earnings Review] Despite Production Growth Chevron’s Profit Falls Due to Lower Refining Margins

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>I warned Elon Musk wouldn't help his beleaguered banks via refi of billions in losing LBO debt they foolishly fronted him to buy Twitter.</li>
<li>He can't even stop setting it and himself on fire every day.</li>
<li>Now he admits Twitter is being killed by the advertiser boycott he again caused—but takes no responsibility for his incendiary actions.</li>
</ul>


I warned Elon Musk wouldn't help his beleaguered banks via refi of billions in losing LBO debt they foolishly fronted him to buy Twitter.
He can't even stop setting it and himself on fire every day.
Now he admits Twitter is being killed by the advertiser boycott he again caused—but takes no responsibility for his incendiary actions.


Elon Musk's "Global Sewer" May Derail Bankers' Trying To Finally Dump Toxic Twitter LBO Debt

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Private Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chainalysis-inc" target="_blank" data-smartkarma-citation="entities:35952:1" rel="noopener">Chainalysis (1316611D US)</a> is a leading blockchain data platform which helps carry out investigations into illicit crypto activity and hence prevent crypto crime.</li>
<li>Around 2/3rd of Chainalysis’ revenue comes from government agencies and the company is said to have generated around US$ 10m from Federal Organisations since inception.</li>
<li>There are now several growth drivers including a fast-rising level of crypto crime, growing cryptocurrency market and implementation of cryptocurrency regulations among others.</li>
</ul>



Chainalysis (1316611D US) is a leading blockchain data platform which helps carry out investigations into illicit crypto activity and hence prevent crypto crime.
Around 2/3rd of Chainalysis’ revenue comes from government agencies and the company is said to have generated around US$ 10m from Federal Organisations since inception.
There are now several growth drivers including a fast-rising level of crypto crime, growing cryptocurrency market and implementation of cryptocurrency regulations among others.


Chainalysis: Blockchain Service Capturing Crypto Crime

United Kingdom

Barclays is a British multinational universal bank that provides a wide range of financial products and services, including retail banking, investment banking, wealth management, and credit cards. It serves individuals, small and medium-sized enterprises, and large corporate clients across various industries globally. The company is headquartered in London, England, and traces its origins back to 1690.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Barclays (BCS US)

Barclays PLC: Setting Its Sights on $40B U.S. Card Surge—Will This Bold Bet Pay Off?

Barclays has reported its results for the first quarter of 2025, highlighting a blend of strengths and challenges within its operations and...

Baptista Research

Barclays’ Surprising Growth Strategy: What’s Fueling Their Global Comeback? - Major Drivers

Barclays' financial results for the third quarter of 2024 highlight a performance that aligns with the management's strategic objectives, yet also...

Baptista Research

[Earnings Review] Despite Production Growth Chevron’s Profit Falls Due to Lower Refining Margins

Chevron's Q2 revenue up 4.7% YoY, but net profit down 26.2%. Production grew 11% YoY, capex rose 5.2% to USD 4 billion. Free cash flow dropped 8%...

Mint Finance

Elon Musk's "Global Sewer" May Derail Bankers' Trying To Finally Dump Toxic Twitter LBO Debt

As I warned in November, Bloomberg reports today Elon Musk refused to rework disastrous loans Banks funded for him buy Twitter which have cost them...

Vicki Bryan

Chainalysis: Blockchain Service Capturing Crypto Crime

Chainalysis is a leading blockchain data platform which helps carry out investigations into illicit crypto activity and hence prevent crypto crime.

Shifara Samsudeen, FCMA, CGMA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Barclays PLC: Setting Its Sights on $40B U.S. Card Surge—Will This Bold Bet Pay Off?

Barclays has reported its results for the first quarter of 2025, highlighting a blend of strengths and challenges within its operations and...

Baptista Research

Barclays’ Surprising Growth Strategy: What’s Fueling Their Global Comeback? - Major Drivers

Barclays' financial results for the third quarter of 2024 highlight a performance that aligns with the management's strategic objectives, yet also...

Baptista Research

[Earnings Review] Despite Production Growth Chevron’s Profit Falls Due to Lower Refining Margins

​Chevron's Q2 revenue up 4.7% YoY, but net profit down 26.2%. Production grew 11% YoY, capex rose 5.2% to USD 4 billion. Free cash flow dropped 8%...

Mint Finance

Elon Musk's "Global Sewer" May Derail Bankers' Trying To Finally Dump Toxic Twitter LBO Debt

As I warned in November, Bloomberg reports today Elon Musk refused to rework disastrous loans Banks funded for him buy Twitter which have cost them...

Vicki Bryan

Chainalysis: Blockchain Service Capturing Crypto Crime

Chainalysis is a leading blockchain data platform which helps carry out investigations into illicit crypto activity and hence prevent crypto crime.

Shifara Samsudeen, FCMA, CGMA

Chevron's Q2 revenue up 4.7% YoY, but net profit down 26.2%. Production grew 11% YoY, capex rose 5.2% to USD 4 billion. Free cash flow dropped 8%...