BeOne Medicines AG (ONC) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript
As Bitcoin (BTC) added more than $310 billion to its market capitalization over the past 30 days, reaching $1.57 trillion on September 14, Morgan Stanley (NYSE: MS) through its spot exchange-traded fund (ETF), Morgan Stanley Bitcoin Trust (MSBT), has been on a buying spree.
Nelle Miller and William Sinclair take the helm of J.P. Morgan's U.S. Private Bank, overseeing $2.4 trillion in client assets across 57 offices.
JP Morgan has initiated coverage of IWG PLC (LSE:IWG), the world's largest flexible workspace provider, with an overweight rating and a December 2027 price target of 260p, implying 46% upside. The US bank argues flexible working has moved decisively into the mainstream, citing Savills data showing the proportion of flexible office space let to corporates has jumped from 13% in 2020 to 47% in 2025.
Meta shares have been on a tear lately, but the longer look is more sobering. The stock is up 9.97% over the past week and 9.59% over the past month, yet still sits down 1.
Kinder Morgan NYSE: KMI expects its natural gas business to remain its primary growth engine, supported by rising demand tied to liquefied natural gas exports and power generation, Chief Executive Officer Kim Dang said at a Barclays conference.
Computacenter PLC (LSE:CCC) offers a buying opportunity after a share price pullback defied earnings upgrades, according to JP Morgan, which sees scope for further forecast increases. In morning trading, the shares stood at 5,050p, down 3%, while the broker maintained its 'overweight' rating.
JP Morgan has retained its 'overweight' rating on WH Smith PLC (LSE:SMWH), the travel retailer, setting out a multi-year recovery scenario with more than 100% potential share price upside as executive chairman Leo Quinn applies a restructuring playbook similar to that used at Balfour Beatty. WH Smith's shares have fallen 70% over the past 18 months against an 18% rise for the FTSE 250, following years of aggressive organic and acquisition-led growth that culminated in weaker profitability and an accounting restatement in the US in 2025.
JP Morgan has upgraded Kingspan Group PLC (ISE:KRX), the Irish building materials group, to 'overweight' from 'neutral', citing strong earnings momentum from its data centre exposure that it believes is not fully reflected in the valuation. Order intake on data solutions for Kingspan's Advnsys segment has nearly quadrupled, yet the shares trade on 13 times 12-month forward EV/EBITDA, a discount of around 7% to their long-term average.
Meta Platforms NASDAQ: META just settled a legal headache that has cast a significant shadow over the firm and the stock. The company agreed to pay up to $18 billion over the course of a decade to end its youth social media addiction trial.
JP Morgan has reiterated its 'overweight' rating on European banks, arguing the sector remains in what it calls a "perfect environment" for growth despite early signs of the interest rate cycle turning. Analyst Kian Abouhossein said the sector benefits from a "sweet spot" of European Central Bank rates between 2% and 3%, alongside lending momentum supported partly by artificial intelligence capital expenditure.
Bytes Technology Group PLC (LSE:BYIT, FRA:9NY, JSE:BYI) received a less favourable call from JP Morgan on Monday, as the bank initiated coverage with an 'underweight' rating and named peer Computacenter PLC (LSE:CCC) its top pick in the European value-added reseller (VAR) sector. Shares in Bytes tumbled 2% to 414.40 on Monday, while Computacenter ticked higher to 5,615p, moves that came as JP Morgan set its 'underweight' rating on Bytes and reiterated an 'overweight (OW)' stance on Computacenter.