Credit Suisse's 7 Financial Stocks To Consider For 2015

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In a recent report, analysts at Credit Suisse outlined their 2015 outlook for Financial stocks. Here’s a breakdown of their top stocks to own in 2015.

Related Link: Credit Suisse's 9 Consumer Stocks To Own

  1. Discover Financial Services DFS: In addition to returning the majority of its earnings to shareholders, analysts believe that Discover represents the best combination of operational fundamentals and valuation among the large credit card companies. Price target: $74.00 (+14.3 percent)
  2. Charles Schwab Corp SCHW: Analysts see Schwab as one of the best investments in an environment of rising interest rates because of the company’s increased earnings power from higher rates. Analysts predict a 20-30 percent increase in Schwab’s earnings in 2015. Price target: $32.00 (+9.1 percent)
  3. Affiliated Managers Group, Inc. AMG: Analysts see several secular themes that will benefit the company in upcoming years: rising demand for boutique, alternatives and absolute return products. In addition, analysts praise the company’s business model and believe that it will benefit from future industry consolidation. Price target: $268.00 (+30.1 percent)
  4. Voya Financial Inc VOYA: Analysts believe that Voya’s free cash flow and excess capital is not properly priced into the company’s stock. Analysts predict about $1 billion in annual share buybacks for the company over the next three years. Price target: $48.00 (+16.9 percent)
  5. Boston Properties, Inc. BXP: Analysts praise the company’s management team and asset portfolio and believe that demand for large trophy assets among institutional investors will boost the stock. Price target: $143.00 (+4.1 percent)
  6. PennyMac Mortgage Investment Trust PMT: Analysts see upside from the company’s re-performing loans and believe that the stock will command a larger premium to book value than its current premium of only 4 percent. Price target: $24.00 (+10.4 percent)
  7. Lazard Ltd LAZ: Analysts praise the company’s institutional asset management business, its strong track record of capital management and its increasing expense discipline. Price target: $60.00 (+23.1 percent)
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Posted In: Analyst ColorLong IdeasPrice TargetAnalyst RatingsTrading IdeasCredit Suisse
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