Associated Banc (NYSE:ASB) Stock, Quote.Headers.trade-ideas

Associated Banc

Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.

News

Downgrades

Financing

Management

Markets

Analyst Ratings

Trading Ideas

BlackRock&#39;s (NYSE: BLK) outlook has been downgraded to negative from stable by Moody&#39;s Investors Service. The action followed the company&#39;s announcement to acquire Preqin for almost $3.2 billion (£2.55 billion) in cash. This marked the second major deal for the company.

BlackRock&#39;s Outlook Lowered by Moody&#39;s on Debt Concern

Real Estate

ZION

Bank OZK&#39;s (NASDAQ: OZK) ratings and outlook have been affirmed by Moody&#39;s Ratings, a division of Moody&#39;s Corporation (NYSE: MCO).

Bank OZK Ratings Affirmed by Moody&#39;s Amid CRE Concerns

Earnings

Zions Bancorporation&#39;s (NASDAQ: ZION) ratings and outlook have been affirmed by Moody&#39;s Ratings, a division of Moody&#39;s Corporation (NYSE: MCO).

Zions&#39; Ratings Reiterated by Moody&#39;s, Outlook Stable

Associated Banc-Corp

Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033

ASSOCIATED BRIT FOOD ORD by Associated British Foods plc

Associated British Foods PLC

ASSOCIATED BRI/F UNSP/ADR by Associated British Foods plc

ASAHI GROUP HOLDINGS ORD by Asahi Group Holdings Ltd.

Asahi Group Holdings Ltd

Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series E

Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of Associated Banc-Corp 5.625% Non-Cumulative Perpetual Preferred Stock, Series F

Options

RKLB

Rocket Lab USA Option Alert: Oct 18 $9 Calls Sweep (44) Near The Ask: 2018 @ $0.5 vs 3216 OI; Earnings 11/6 After Close [est] Ref=$8.4193

Anthony Scaramucci, the founder of SkyBridge Capital and prominent cryptocurrency advocate, has publicly called for the resignation of <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40859344/gary-gensler-led-sec-directs-crypto-firm-to-halt-trading-for-all-coins-but-bitcoin-ethereu">SEC Chair Gary Gensler</a>.
What Happened: In a tweet posted on Thursday, Scaramucci <a href="https://x.com/Scaramucci/status/1838746609510752606">stated </a>bluntly, "Gary Gensler please resign for the sake of the country."
This message comes amid mounting criticism from the cryptocurrency community and key figures over Gensler's approach to regulating the digital asset space.
The context for Scaramucci's tweet appears to be a growing frustration with the SEC's "regulation through litigation" strategy under Gensler&#8217;s leadership. 
This sentiment was echoed by billionaire investor Mark Cuban, who in a separate tweet <a href="https://x.com/mcuban/status/1838667484905578704">said</a>, "I talked to the Harris team today who told me in no uncertain terms that they are against ‘regulation through litigation.' CYA Gensler. You leaving is worth a point in GDP growth." 
Cuban's criticism aligns with his earlier comments following Gensler's tense exchange with Rep. Ritchie Torres (D-N.Y.) during a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41009150/gary-gensler-led-sec-moved-forward-with-enforcing-crypto-regulation-despite-legal-problems">House Financial Services Committee hearing.</a>
Mark Cuban has been vocal in his disapproval of Gensler's handling of cryptocurrency regulation, particularly after the SEC Chair faced scrutiny from lawmakers regarding his stance on NFTs and digital assets. 
During a House hearing, Rep. Torres questioned Gensler on the SEC's approach to regulating NFTs, comparing them to buying event tickets, which did not elicit a clear response from Gensler.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41022826/bill-maher-slams-bitcoin-mining-nonsense-of-finding-a-number-means-green-energy-progress-i">Bill Maher Slams Bitcoin Mining: &#8216;Nonsense Of Finding A Number&#8217; Means Green Energy Progress Is Being &#8216;Sucked Away By Crypto&#8217;</a>
Cuban seized on this exchange to argue that <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41016977/mark-cuban-calls-gary-gensler-a-blight-after-sec-chair-gets-grilled-on-crypto-by-congress-">Gensler's regulatory methods</a> were damaging both to the crypto sector and to broader economic growth, suggesting his departure could lead to an improvement in GDP.
Cuban's concerns revolve around the SEC's reliance on the Howey Test to classify cryptocurrencies as securities, a move that many crypto advocates, including Cuban and Scaramucci, believe stifles innovation and imposes legal uncertainty. 
Cuban has also claimed that the Kamala Harris campaign firmly opposes Gensler's approach of regulating crypto through litigation rather than providing clear guidance. 
He previously called Gensler "a blight on the technology community," stressing the need for more supportive regulation for the rapidly growing industry.
Scaramucci's call for Gensler's resignation adds to the growing chorus from cryptocurrency advocates who argue that the SEC's regulatory methods under his leadership have been overbearing. 
The agency has pursued several high-profile enforcement actions against cryptocurrency firms, which critics believe hampers the sector's development. 
Even within the SEC, pro-crypto Commissioner Hester Peirce has voiced concerns, arguing that the agency's aggressive enforcement tactics compromise its institutional integrity.
What&#8217;s Next: As the future of crypto regulation hangs in the balance, key industry leaders will gather at Benzinga's<a href="https://www.benzinga.com/events/digital-assets/agenda/"> Future of Digital Assets</a> conference on Nov. 19 to discuss the path forward.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41014040/from-ceo-to-inmate-caroline-ellison-sentenced-to-24-months-in-ftx-case-what-the-industry-m">From CEO To Inmate: Caroline Ellison Sentenced To 24 Months In FTX Case—What The Industry Must Learn</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Anthony Scaramucci Says SEC Chair Gary Gensler Should 'Resign For The Sake Of The Country'

Morgan Stanley analyst Adam Jonas maintains Lear (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>) with a Overweight and lowers the price target from $150 to $145.

Price Target

Morgan Stanley Maintains Overweight on Lear, Lowers Price Target to $145

Morgan Stanley analyst Adam Jonas maintains Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) with a Underweight and lowers the price target from $70 to $68.

APTV

Morgan Stanley Maintains Underweight on Aptiv, Lowers Price Target to $68

WIIM

Global Payments shares are trading lower after multiple firms downgraded the stock and cut their respective price targets on the company.

Looking into the current session, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) shares are trading at $226.05, after a 0.56% drop. Over the past month, the stock decreased by 0.49%, but over the past year, it actually spiked by 28.14%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_0.png" alt="Past Year Chart" />

<h3>Evaluating Analog Devices P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 66.88 in the Semiconductors &amp; Semiconductor Equipment industry, Analog Devices Inc. has a higher P/E ratio of 68.48. Shareholders might be inclined to think that Analog Devices Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Analog Devices

Morgan Stanley analyst Adam Jonas upgrades AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) from Equal-Weight to Overweight and raises the price target from $145 to $200.

Upgrades

Morgan Stanley Upgrades AutoNation to Overweight, Raises Price Target to $200

U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Wednesday.
Shares of Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose sharply during Wednesday's session after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">target from $20 to $24</a>.
Hewlett Packard Enterprise shares jumped 5.5% to $19.92 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) shares jumped 26.2% to $8.37.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 21.8% to $11.09. Maxim Group and Oppenheimer increased price targets on the stock.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) gained 15.5% to $3.9750. Northland Capital Markets analyst Mike Grondahl initiated coverage on Cipher Mining with an Outperform rating and announced a price target of $6.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) jumped 14% to $5.61.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) shares jumped 12.9% to $64.52 after Oppenheimer raised its price target on the stock from $66 to $70. The stock is also moving on continued strength following strong third-quarter earnings and guidance yesterday.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) gained 10.8% to $4.98.</li>
<li>Biohaven Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NASDAQ">BHVN</a>) surged 9% to $49.09. Biohaven recently announced its study of Troriluzole for the treatment of spinocerebellar ataxia in achieved the primary endpoint.</li>
<li>Flutter Entertainment plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NASDAQ">FLUT</a>) surged 8.3% to $246.99. Flutter Entertainment outlined long-term growth plan and up to $5 billion share repurchase program authorization.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 8% to $8.20. The company announced its electron low Earth orbit mission on Friday Sept. 20th.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 7.6% to $13.77.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) climbed 7.5% to $5.11.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 7% to $40.26.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 5.4% to $14.13.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 4% to $23.73.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose 3% to $124.44. The company's CEO Jensen Huang adopted a Rule 10b5-1 trading plan earlier this year. According to a Barron's report, the Nvidia CEO has completed selling the maximum number of shares under the plan several months early.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

Movers

AIXI

BHVN

CAPR

CIFR

FLUT

INTC

MNSO

NVDA

POET

PRGS

RZLV

UPST

Hewlett Packard Enterprise, Nvidia, Progress Software And Other Big Stocks Moving Higher On Wednesday

Barrington Research analyst Vincent Colicchio maintains Hackett Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCKT#NASDAQ">HCKT</a>) with a Outperform and maintains $28 price target.

HCKT

Barrington Research Maintains Outperform on Hackett Group, Maintains $28 Price Target

Ecopetrol shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $12 to $8.5.

DUOL

Duolingo shares are trading higher after Needham and JMP Securities raised their respective price targets on the stock.

Telsey Advisory Group analyst Dana Telsey maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Market Perform and maintains $4 price target.

SFIX

Telsey Advisory Group Maintains Market Perform on Stitch Fix, Maintains $4 Price Target

Morgan Stanley analyst Adam Jonas downgrades Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) from Overweight to Equal-Weight and lowers the price target from $16 to $13.

RIVN

Morgan Stanley Downgrades Rivian Automotive to Equal-Weight, Lowers Price Target to $13

Morgan Stanley analyst Adam Jonas downgrades Phinia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHIN#NYSE">PHIN</a>) from Overweight to Equal-Weight and maintains the price target from $50 to $50.

PHIN

Morgan Stanley Downgrades Phinia to Equal-Weight, Maintains Price Target to $50

Macro Economic Events

Market Summary

Economics

General

Benzinga Market Summary: Morgan Stanley Downgrades Ford And GM Stock, New Home Sales Fall But Beat Estimates, Chinese Stocks Pull Back, Intel Rises

Canaccord Genuity analyst Joseph Vafi maintains Repay Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPAY#NASDAQ">RPAY</a>) with a Buy and maintains $13 price target.

RPAY

Canaccord Genuity Maintains Buy on Repay Holdings, Maintains $13 Price Target

This relationship brings the wide variety of insurers and policy options on the Zinnia Marketplace to the largest broker-dealer&#x2A; in the U.S., helping make life insurance processes seamless
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fzinnia.com%2F&amp;esheet=54126868&amp;newsitemid=20240925322206&amp;lan=en-US&amp;anchor=Zinnia&amp;index=1&amp;md5=e1ca4f3c17ae7cf7290728515ae2cd2d">Zinnia</a>, a leading life &amp; annuity insurance technology services company, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lpl.com%2F&amp;esheet=54126868&amp;newsitemid=20240925322206&amp;lan=en-US&amp;anchor=LPL+Financial&amp;index=2&amp;md5=29564be439ce3bca4aa36a9dbfdda835">LPL Financial</a> (LPL) announced today a strategic relationship providing LPL's network of more than 23,000 financial advisors a simplified way to find, recommend, fulfill, and service life insurance for their clients.
Policygenius Pro by Zinnia is a turnkey insurance platform that will help LPL's network of financial advisors and credit unions accelerate life insurance sales and enable their clients to access the wide variety of insurers, coverage types, and policy options.
By leveraging these unique quoting tools from Zinnia along with its built-in referral processes, LPL advisors can significantly cut down on time spent on life insurance applications and cut placement times, while providing their clients top-tier customer service. LPL advisors receive support from a team of expert licensed insurance agents from Policygenius for case management, underwriting, and product support.

LPLA

Zinnia Announces New Strategic Relationship With LPL Financial, Bringing The Wide Variety Of Insurers And Policy Options On The Zinnia Marketplace To The Largest Broker-Dealer In The U.S., Helping Make Life Insurance Processes Seamless

Walmart Canada Announces Additional $92M Wage Investment For Frontline Associates, Including Pay Increases For Supply Chain, Frontline Management, And Retail Hourly Workers

Looking into the current session, Associated Banc Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) shares are trading at $21.22, after a 0.84% drop. Over the past month, the stock fell by 6.27%, but over the past year, it actually went up by 24.75%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727272991_0.png" alt="Past Year Chart" />

<h3>Evaluating Associated Banc P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 16.2 in the Banks industry, Associated Banc Inc. has a higher P/E ratio of 18.29. Shareholders might be inclined to think that Associated Banc Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727272991_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

A Look Into Associated Banc Inc's Price Over Earnings

Morgan Stanley analyst Adam Jonas upgrades Sonic Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) from Underweight to Equal-Weight and raises the price target from $40 to $58.

Morgan Stanley Upgrades Sonic Automotive to Equal-Weight, Raises Price Target to $58

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Associated Banc (NYSE:<a href="https://investorplace.com/stock-quotes/asb-stock-quote/">ASB</a>) just reported results for the second quarter of 2024.<ul><li>Associated Banc reported earnings per share of 52 cents. This met the analyst estimate for EPS of 52 cents.</li><li>The company reported revenue of $321.75 million.</li><li>This was 2.76% worse than the analyst estimate for revenue of $330.87 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/asb-stock-earnings-associated-banc-for-q2-of-2024/">ASB Stock Earnings: Associated Banc Meets EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ASB Stock Earnings: Associated Banc Meets EPS, Misses Revenue for Q2 2024

Associated Banc-Corp (ASB) Q2 2024 Earnings Call Transcript

KBW analyst Christopher Mcgratty maintained a Hold rating on Associated Banc-Corp (ASB – Research Report) yesterday and set a price target of $24.0...

Associated Banc-Corp (ASB) Receives a Hold from KBW

In a report released today, Jared Shaw from Barclays maintained a Hold rating on Associated Banc-Corp (ASB – Research Report), with a price target ...

Associated Banc-Corp (ASB) Receives a Hold from Barclays

Bank of America Securities analyst Brandon Berman maintained a Hold rating on Associated Banc-Corp (ASB – Research Report) today. The company's sha...

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Associated Banc

Associated Banc (ASB) Forecast

Associated Banc (NYSE:ASB) Stock, Quote.Headers.trade-ideas