Benzinga.com
0
All posts from Benzinga.com
Benzinga.com in Benzinga.com,

The Palladium ETF Is The Ultimate Volkswagen Victor

Get more expert commentary and daily trading ideas with our Benzinga Professional news and data platform. Find out how you can get exclusive, member-only access today with this deal.

VOLKSWAGEN A G SPONS VLKAY, ETFS Physical Palladium Shares ETF ETF:PALL - The Palladium ETF Is The Ultimate Volkswagen Victor

The American depositary receipts (ADRs) of German automotive giant Volkswagen AG (ADR) VLKAY 2.74% are down more than 3 percent at this writing Friday and have touched a new 52-week low.

Volkswagen ADRs have plunged 36.5 percent over the past month following an emissions scandal and reports of fraudulent software in a sizable percentage of Volkswagen models on the road in the United States.

As reported earlier this week, Teo Lasarte, Bank of America Merrill Lynch analyst, “sees four potential risks to the company as the Volkswagen emissions scandal continues to play out.”

The report continued, “Risks include regulatory fines, lawsuits, recall costs and a potential capital increase to the company’s financial segment. At this time, developments are too early-stage for Bank of America to attempt to quantify these risks accurately, but Lasarte estimated that the company could face €26.5...


More