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Raymond James: Wintrust Financial's Impressive Q1 Overshadowed By Noise
Tuesday, April 16, 2019 - 1:03pm | 285Read More...Wintrust Financial Corp (NASDAQ: WTFC) reported first-quarter EPS at $1.52, in-line with consensus expectations. Excluding negative MSR valuation adjustments, the quarterly EPS would have meaningfully beaten expectations, backed by higher non-interest income and lower operating expenses. The...
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First Merchants Analyst Says Bank Has Improved Prospects After MBT Financial Acquisition
Tuesday, April 9, 2019 - 1:33pm | 393Read More...First Merchants Corporation (NASDAQ: FRME) entered a definitive agreement to acquire MBT Financial Corp. (NASDAQ: MBTF) in October. The pending acquisition improves the prospects of the Indiana-based bank, taking it over the $10-billion asset threshold and enabling it to expand into Michigan,...
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Raymond James Bullish On Old Second Bancorp's Growth, Profitability
Tuesday, April 9, 2019 - 10:18am | 405Read More...Old Second Bancorp Inc. (NASDAQ: OSBC) has completed its transformation phase and is well-positioned for strong growth and industry-leading profitability while maintaining a healthy core deposit base, according to Raymond James. The Analyst David Long initiated coverage of Old Second...
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Raymond James Upgrades Wells Fargo, Says Tim Sloan's Retirement 'Removes A Headwind'
Friday, March 29, 2019 - 7:42am | 344Read More...The bearish case for Wells Fargo & Co (NYSE: WFC) can no longer be justified after CEO Tim Sloan announced his retirement, according to Raymond James. The Analyst Raymond James' David Long upgraded Wells Fargo from Underperform to Market Perform with no price target. The Thesis Sloan's...
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Analyst Raises Zions Bancorp Price Target After Board Approves Buyback
Monday, February 4, 2019 - 2:20pm | 282Read More...Zions Bancorporation (NASDAQ: ZION) has a healthy core deposit base, which Raymond James says should allow it to maintain a lower deposit beta than peers. The company should be able to record consistent mid-single digit loan growth and favorable credit metrics, while using its excess capital to...
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11 Bank Stocks Raymond James Is Buying On The Dip
Tuesday, August 25, 2015 - 11:52am | 512Read More...Bank stocks have not performed well in the past month, with the KBW Nasdaq Bank Index (INDEX: BKX) falling 14.1 percent since July 22. Raymond James analyst David Long said that the firm recommends that investors "put a few chips back on the table" as a result of the "recent market capitulation...
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Raymond James Ups Primerica, Commerce Bancshares; Downgrades Lincoln National, Manhattan Associates
Wednesday, July 15, 2015 - 9:07am | 572Read More...Analysts at Raymond James on Wednesday made several rating adjustments. Upgrading Primerica To Strong Buy Shares of Primerica, Inc. (NYSE: PRI) were upgraded to Strong Buy from Market Perform with a newly established $54 price target. Analyst Steven Schwartz discussed both the bull/bear...
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8 Community Bank Stocks Face Mass Downgrade At Raymond James On 'Challenging' Operating Environment
Thursday, July 2, 2015 - 11:36am | 975Read More...In a report published Thursday, Raymond James analyst David Long made nine rating changes on community banking stocks, which include one upgrade and eight downgrades. "The operating environment remains challenging in light of continued NIM pressure and upward pressure on noninterest...
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Raymond James Initiates Coverage On Bank Of America, PNC And Wells Fargo
Tuesday, March 17, 2015 - 9:41am | 282Read More...On Tuesday Raymond James resumed coverage on Bank of America Corp (NYSE: BAC), PNC Financial Services Group Inc (NYSE: PNC) and Wells Fargo & Co (NYSE: WFC). Bank of America: Outperform, $18.00 price target "While ongoing investments in the franchise, coupled with subdued balance...
