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Wells Fargo Turns Bullish On Morgan Stanley
Wednesday, October 24, 2018 - 11:37am | 404Read More...Morgan Stanley (NYSE: MS) has successfully diversified its business mix and is successfully gaining market share in some areas and retaining it in others, Wells Fargo said in an upgrade. The Analyst Analyst Mike Mayo upgraded Morgan Stanley from Market Perform to Outperform with a price...
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Bank Of Ozarks Drops 23%, Analysts Weigh In After Year-Over-Year EPS Decline
Friday, October 19, 2018 - 10:15am | 485Read More...Bank Ozk (NASDAQ: OZK) shares plummeted Friday morning after the company reported third-quarter earnings that fell short of market expectations. Several analysts weighed in on the bank stock following the print. Here’s a sampling of what they had to say. Voices From The Street...
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A Big Bank Q3 Preview: Can Earnings Help Stocks Break Out Of Lackluster Phase?
Wednesday, October 10, 2018 - 2:57pm | 927Read More...Corporate earnings have been on a roll: S&P 500 earnings are set to grow 19.2 percent year-over-year in the third quarter, marking the third-highest quarterly earnings growth since the first quarter of 2011, according to the weekly Earnings Insight report by Factset. Given the...
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2 Pros Debate: What's Next For Bank Stocks?
Thursday, September 20, 2018 - 1:50pm | 429Read More...Bank stocks, led by the Financial Select Sector SPDR Fund (NYSE: XLF), are showing signs of momentum after bottoming in late June but this begs the question: can the equities sustain their momentum near six-month highs or will they finish lower for 2018? The Experts Michael Bapis, managing director...
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Pacific City Financial's Fundamentals Make Raymond James Bullish
Tuesday, September 4, 2018 - 10:40am | 367Read More...Pacific City Financial Corp (NASDAQ: PCB), a U.S.-based Korean-American bank, boasts solid fundamentals, according to a bullish Raymond James analyst. The Analyst Analyst Donald Worthington initiated coverage of Pacific City with an Outperform rating and $22 price target, suggesting roughly...
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MB Financial Acquisition Makes Fifth Third A Buy, Wedbush Says In Upgrade
Tuesday, September 4, 2018 - 9:19am | 453Read More...Wedbush upgraded Fifth Third Bancorp (NASDAQ: FITB) and outlined its projections for the bank's growth potential in the wake of its acquisition of MB Financial (NASDAQ: MBFI). The Analyst Analyst Peter Winter upgraded Fifth Third from Neutral to Outperform and increased the price...
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Chemical Bank Relocates HQ To Detroit
Wednesday, July 25, 2018 - 2:51pm | 490Read More...Chemical Financial Corporation (NASDAQ: CHFC), the largest Michigan-based bank, announced plans Wednesday to relocate its headquarters to a new tower to be constructed in downtown Detroit. What Happened The city of Detroit announced that Chemical Bank will be its new primary banking...
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4 Reasons Why This Analyst Turned Bullish On Fulton Financial
Thursday, July 19, 2018 - 3:09pm | 443Read More...Fulton Financial Corp (NASDAQ: FULT) recently reported strong second-quarter results thanks to better-than-expected net interest margin expansion and credit results. The Analyst Piper Jaffray analyst Matthew Breese upgraded Fulton Financial from Neutral to Overweight and increased the...
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Santander's Valuation Sends JPMorgan To Sidelines, But Analyst Sees Positive Long-Term Catalysts
Monday, July 9, 2018 - 1:51pm | 377Read More...After hitting a low of $15.75 in April, Santander Consumer USA Holdings Inc (NYSE: SC) shares have staged a decent rebound. The bank stock was hit with a downgrade from JPMorgan Monday, witht he sell-side firm citing limited upside potential relative to its price target after the rally....
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BB&T Should Trade At Premium To Other Large-Cap Banks, Says B Riley FBR
Tuesday, March 27, 2018 - 2:05pm | 402Read More...BB&T Corporation (NYSE: BBT) shares pulled back along with the broader market last week, although they have recouped part of their losses since then. The Analyst B Riley FBR analyst Steve Moss upgraded shares of BB&T from Neutral to Buy and increased the price target from $55 to $69,...
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With A Consent Order Limiting Wells Fargo's Growth, Morgan Stanley Issues Downgrade
Tuesday, February 6, 2018 - 9:33am | 445Read More...The Federal Reserve issued a consent order Friday that limits Wells Fargo & Co (NYSE: WFC)'s average asset size to its fourth-quarter 2017 levels of $1.95 trillion. The move is expected to cost the bank $400 million in earnings this year and prompted Morgan Stanley to drop its...
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Dick Bove's Top Stocks To Buy And Short
Monday, November 27, 2017 - 2:37pm | 431Read More...Certain bank stocks remain "phenomenally good" while others should be avoided, according to a notable bank analyst. The Analyst The Vertical Research Group's Dick Bove recommends buying Bank of America Corp (NYSE: BAC) and short selling Goldman Sachs Group Inc (NYSE: GS) The...
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2 Reasons Why Dick Bove Downgraded Goldman Sachs To Sell
Monday, November 6, 2017 - 11:08am | 383Read More...Vertical Group's Dick Bove, a notable bank analyst, downgraded Goldman Sachs Group Inc (NYSE: GS)'s stock from Hold to Sell amid a view the Wall Street bank is "troubled." Bove has been an outspoken critic of Goldman Sachs' leadership and CEO Lloyd Blankfein for some time. The...
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Pro: Top 4 Picks For Q4
Saturday, October 7, 2017 - 5:50pm | 512Read More...The beginning of the fourth quarter picked up exactly where the third quarter ended, with the stock market sustaining its momentum and showing few signs of weakness. Investors who are in the process of balancing their portfolio and adding names may want to consider Citigroup Inc (NYSE: C), JPMorgan...
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How Long Does Buffett Plan On Owning Bank Of America? A 'Long, Long, Long Time'
Tuesday, October 3, 2017 - 11:29am | 387Read More...Billionaire investor Warren Buffett thinks that asking him to select his favorite bank stock is similar to asking a parent who their favorite child is. While most parents won't admit to having a favorite child, Buffett has no problem calling out his favorite, Bank of America Corp (NYSE: BAC)....
