NOBA Bank Group AB (publ) (NOBA) Lending Reaches SEK 150B in Q3 2026

NOBA Bank Group AB issued additional SEK 300M and NOK 300M to its senior preferred bonds maturing in 2029, with a rate of 3M STIBOR/NIBOR + 1.02%. Settlement is set for 8 Oct 2026. The move is part of NOBA's funding program, according to the company.

POSCO Future M and Hyundai Motor Group signed a letter of intent to cooperate on artificial graphite anode materials in Vietnam. Hyundai may invest 100 billion won and secure preferential purchase rights. POSCO Future M aims to secure investment and production capacity for global facilities. Both companies plan to collaborate on product development and quality evaluation for electric vehicles.

Roth/MKM downgraded Mistras Group (MG) to Neutral, setting a $20.35 price target. The stock, trading at $20.15, has gained 110% in a year. MG agreed to a $20.35 per share acquisition by H.I.G. Capital. Q2 2026 earnings beat estimates, with revenue at $193.1M and adjusted EBITDA at $25.8M. The company raised full-year guidance.

JPMorgan downgraded Verra Mobility (VRRM) to Underweight, citing contract risks and management changes. The termination of the Avis contract will reduce revenue and profit. The stock has fallen 88% year-to-date. Despite beating Q2 earnings estimates, the company lowered full-year guidance. Analysts expect a price cut for the Enterprise contract in 2027.

TD Cowen downgraded Marvell Technology (MRVL) to Hold from Buy, cutting its price target to $175 from $350. The firm cited concerns about the structure and timing of Marvell's acquisition of Lumentum, estimating mid-single-digit EPS dilution in 2028. The stock has fallen 29.6% over the past week. Other analysts have mixed views, with some maintaining positive ratings and price targets.

Barclays and NatWest announced job cuts totaling 6,400, citing AI-driven efficiency gains. Barclays aims to save £1.1bn by 2027, while NatWest reported £420m in annual savings. Both banks emphasized AI's role in operational changes. Morgan Stanley predicts 400,000 AI-driven job losses in European banking. Lower interest income and cost-cutting pressures are driving these measures.