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A Trio Of Financial Upgrades: American Express, JPMorgan And Wells Fargo
Tuesday, April 25, 2017 - 10:51am | 392Read More...Guggenheim issued a trio of upgrades Tuesday, raising ratings for American Express Company (NYSE: AXP) and JPMorgan Chase & Co. (NYSE: JPM) from Neutral to Buy. The firm also raised its rating for Wells Fargo & Co (NYSE: WFC) from Sell to Neutral. According to analyst Eric Wasserstrom, all...
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You Can Count The LendingClub Bulls On One Hand, But That May Be Set To Change
Friday, March 17, 2017 - 11:38am | 340Read More...Guggenheim upgraded LendingClub Corp (NYSE: LC) to Buy, which is only the fourth positive rating for the stock in the last 12 months. However, the situation may change as improving funding should drive reaccelerating origination and EPS growth. Analyst Eric Wasserstrom highlighted the following...
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Are Financial Stocks Running Out Of Steam?
Friday, December 9, 2016 - 11:41am | 288Read More...Eric Wasserstrom of Guggenheim Securities was a guest on CNBC's "Squawk Box" on Friday to offer his take on financial stocks. The Trump Effect At Play? Financial stocks have been a big winner throughout 2016, but Wasserstrom thinks the group is starting to run out of steam. Investors have been...
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Guggenheim Securities' Top Banking Picks
Friday, June 12, 2015 - 2:07pm | 437Read More...The banking sectors, especially big banks like JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc (NYSE: GS), seem to be on a roll right now with shares trading at highs not seen since the start of the financial crisis. Eric Wasserstromm, Guggenheim...
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SunTrust Downgraded J.P. Morgan with Concerns in 2014
Thursday, December 19, 2013 - 12:10pm | 175Read More...In a report published Wednesday, SunTrust Robinson Humphrey analyst Eric Wasserstrom downgraded J.P. Morgan Chase (NYSE: JPM) from Buy to Neutral and lowered the price target from $62 to $59. Wasserstrom noted three factors that influenced the downgrade including, "(1) valuation, as our...
