Wells Fargo and Citigroup have disclosed significant exposures to the private credit sector, totaling $36 billion and $22 billion, respectively, reflecting the industry's rapid expansion. Concurrently, BlackRock reported $9 billion in net inflows into private markets, indicating strong investor interest. In this evolving landscape, Goldman Sachs successfully met redemption requests from its private credit fund without limits, showcasing resilience. Amid these developments, Wells Fargo lowered its price target for Microsoft to $665 while maintaining an overweight rating, indicating a cautious approach towards tech investments.
“Wells Fargo said it holds roughly $36 billion exposure to private credit firms.”
“Citigroup said exposure to the industry was $22 billion as of the end of fourth quarter with zero losses since inception.”
“CEO Larry Fink said his firm saw an aggregate $9 billion of net inflows into its private markets business during the quarter 'led by private credit and infrastructure.'”
“Goldman’s non-public fund, the Goldman Sachs Private Credit Corporation, last week said it met quarterly redemption requests of 4.9% without having to limit withdrawals.”
“we see good visibility into the second quarter, right? Larry and I both said 95% of the spare parts for second quarter are in the backlog.”
“Now keep in mind that the retirement rates that we’ve assumed for 2026 for CFM56 are in the 2% range.”
“we’ve already assumed in our prior outlook that retirements increase to 3%-4%.”
“Larry and I both said 95% of the spare parts for second quarter are in the backlog.”
“Now keep in mind that the retirement rates that we’ve assumed for 2026 for CFM56 are in the 2% range.”
“Wells Fargo lowers its year-end S&P 500 target from 7,800 to 7,300.”
“JPMorgan CEO calls for “stronger” US, boost military, economic power.”
“Wells Fargo adjusts price target for Microsoft (MSFT) to $665.”
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