|Bid||15.500 x 0|
|Ask||15.520 x 0|
|Day's range||15.300 - 15.900|
|52-week range||10.320 - 19.200|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||N/A|
|Earnings date||29 Oct 2020|
|Forward dividend & yield||0.35 (2.06%)|
|Ex-dividend date||27 Jun 2022|
|1y target est||21.70|
Chinese brokerages are in a race to raise billions of dollars in capital to meet regulatory requirements, jumping on a market upturn to bolster operations as they brace for tougher competition from Wall Street banks on their home turf. Chinese equities have rebounded more than 10% on economic recovery bets since Beijing dismantled zero-COVID curbs last month, opening a window of opportunity for share issues by the brokerages. Morgan Stanley expects another 13% jump from the current level by end-2023.
Nio (NYSE: NIO) stock surged Tuesday morning as the broader U.S. market rose, and was trading 10.2% higher as of 12:23 p.m. ET. Ironically, the electric vehicle (EV) maker just got a massive price target downgrade, but investors right now appear to care less about what analysts think and more about what's happening in Nio's home market of China. On Tuesday morning, Citigroup analyst Jeff Chung slashed his price target on Nio to $41.10 per share from $87 a share, according to TheFly.com.