Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Thematic (Sector/Industry)

<ul><li>With CHF last at 0.9033, we are +5% (unlevered) on the cross since the Fri Jan 16th call where it closed at 0.8587. I continue to believe and feel this is a big trade for the year, I am a lot more relaxed now that we are on the other side of the ECB and Greek election and think we are north of 1.02-1.05 in the 2nd half of the year </li><li>The size of ECB QE is not priced in – There is massive European Equities Upside!&nbsp;The case here is simple, we’ve just come out of a greater than anticipated QE from the ECB, that is open ended and set to run until Sep 2016.&nbsp;Whilst the market was more likely thinking we’d get a Euros 500-700bn handle, we got over a trillion euros worth, with a lot fewer parameters or caps than would have been expected by those pesky conservative Bundesbankers – who keep wanting to turn off the taps (I know I know, how dare they). </li></ul>

With CHF last at 0.9033, we are +5% (unlevered) on the cross since the Fri Jan 16th call where it closed at 0.8587. I continue to believe and feel this is a big trade for the year, I am a lot more relaxed now that we are on the other side of the ECB and Greek election and think we are north of 1.02-1.05 in the 2nd half of the year The size of ECB QE is not priced in – There is massive European Equities Upside!&nbsp;The case here is simple, we’ve just come out of a greater than anticipated QE from the ECB, that is open ended and set to run until Sep 2016.&nbsp;Whilst the market was more likely thinking we’d get a Euros 500-700bn handle, we got over a trillion euros worth, with a lot fewer parameters or caps than would have been expected by those pesky conservative Bundesbankers – who keep wanting to turn off the taps (I know I know, how dare they). 

The size of ECB QE is not priced in – Massive European Equities Upside

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>Lincoln Financial Group has reported its financial performance for the fourth quarter and full year of 2024, showcasing a blend of strategic progress and challenges that reflect its ongoing transformation.</li><li>A key highlight of the results is the marked increase in adjusted operating income, which reached its highest level in three years amidst a backdrop of strategic repositioning and capital strengthening efforts.</li><li>In 2024, the company successfully raised its RBC ratio to over 430% by year-end.</li></ul>

Lincoln Financial Group has reported its financial performance for the fourth quarter and full year of 2024, showcasing a blend of strategic progress and challenges that reflect its ongoing transformation.A key highlight of the results is the marked increase in adjusted operating income, which reached its highest level in three years amidst a backdrop of strategic repositioning and capital strengthening efforts.In 2024, the company successfully raised its RBC ratio to over 430% by year-end.

How Is Lincoln National Corporation Shifting Business Mix Towards Spread-Based Products!

<ul><li>Lincoln National Corporation delivered a strong performance in the third quarter of 2024, showcasing its highest quarterly adjusted operating income in over two years.</li><li>This reflects positive momentum across all its business lines, driven by strategic initiatives focused on capital foundation, operating model optimization, and profitable growth.</li><li>The company has made considerable progress in aligning its operations with these strategic goals, although it acknowledges that the transformations required are part of a multiyear journey.</li></ul>

Lincoln National Corporation delivered a strong performance in the third quarter of 2024, showcasing its highest quarterly adjusted operating income in over two years.This reflects positive momentum across all its business lines, driven by strategic initiatives focused on capital foundation, operating model optimization, and profitable growth.The company has made considerable progress in aligning its operations with these strategic goals, although it acknowledges that the transformations required are part of a multiyear journey.

Lincoln National Corporation: Dealing With Strategic Capital Deployment & 4 Other Critical Challenges! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>LNC is poised for growth in the U.S. life insurance market due to improving fundamentals, positive earnings per share revisions, and an attractive valuation</li><li>Despite past challenges with capital and credibility, management has successfully addressed issues and reshaped the business, leading to a clear roadmap for future growth</li><li>With potential catalysts on the horizon, LNC has significant upside potential and the possibility of a shift in investor sentiment in the near future.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

LNC is poised for growth in the U.S. life insurance market due to improving fundamentals, positive earnings per share revisions, and an attractive valuationDespite past challenges with capital and credibility, management has successfully addressed issues and reshaped the business, leading to a clear roadmap for future growthWith potential catalysts on the horizon, LNC has significant upside potential and the possibility of a shift in investor sentiment in the near future.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Lincoln National Corp (LNC) - Monday, Mar 25, 2024

<ul><li>Lincoln Financial Group delivered a robust performance in the first quarter of 2024, attributed to strategic repositioning and growth across its various business segments.</li><li>The company reported strong results in its Annuities, Group Protection, Retirement Plan Services, and Life business areas.</li><li>Key highlights include a significant earnings quarter for the Annuities division and strong year-over-year earnings growth in Group Protection.</li></ul>

Lincoln Financial Group delivered a robust performance in the first quarter of 2024, attributed to strategic repositioning and growth across its various business segments.The company reported strong results in its Annuities, Group Protection, Retirement Plan Services, and Life business areas.Key highlights include a significant earnings quarter for the Annuities division and strong year-over-year earnings growth in Group Protection.

Lincoln National Corporation: Initiation of Coverage - A Tale Of Strategic Repositioning & Improving Cost Management! - Major Drivers

United States

Lincoln National Corporation is a financial services company headquartered in Radnor, PA, marketed as Lincoln Financial Group.  The company offers diverse solutions including: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services.

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Lincoln National (LNC US)

The size of ECB QE is not priced in – Massive European Equities Upside

With CHF last at 0.9033, we are +5% (unlevered) on the cross since the Fri Jan 16th call where it closed at 0.8587. I continue to believe and...

Kay Van-Petersen

How Is Lincoln National Corporation Shifting Business Mix Towards Spread-Based Products!

Lincoln Financial Group has reported its financial performance for the fourth quarter and full year of 2024, showcasing a blend of strategic...

Baptista Research

Lincoln National Corporation: Dealing With Strategic Capital Deployment & 4 Other Critical Challenges! - Major Drivers

Lincoln National Corporation delivered a strong performance in the third quarter of 2024, showcasing its highest quarterly adjusted operating...

Baptista Research

Lincoln National Corp (LNC) - Monday, Mar 25, 2024

LNC is poised for growth in the U.S. life insurance market due to improving fundamentals, positive earnings per share revisions, and an attractive...

Value Investors Club (VIC)

Lincoln National Corporation: Initiation of Coverage - A Tale Of Strategic Repositioning & Improving Cost Management! - Major Drivers

Lincoln Financial Group delivered a robust performance in the first quarter of 2024, attributed to strategic repositioning and growth across its...

Baptista Research

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