Best Bank Stocks To Own Right Now


Stephens Investment Management Group LLC purchased a new stake in Silicon Labs (NASDAQ:SLAB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 314,950 shares of the semiconductor company’s stock, valued at approximately $28,314,000. Stephens Investment Management Group LLC owned 0.73% of Silicon Labs at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLAB. Public Employees Retirement Association of Colorado bought a new stake in shares of Silicon Labs in the 4th quarter worth about $155,000. M&T Bank Corp bought a new stake in shares of Silicon Labs in the 4th quarter worth about $202,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Silicon Labs in the 4th quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Silicon Labs by 52.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 856 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new stake in shares of Silicon Labs in the 4th quarter worth about $220,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Best Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)


Advisors’ Opinion:

  • [By ]

    El-Arish, Egypt (AP) — Egyptian security officials say a roadside bomb has targeted a pickup truck carrying members of the security forces in the turbulent north of the Sinai Peninsula, killing two.

  • [By ]

    Vatican City (AP) — Pope Francis has recognized as martyrs 19 people who were slain in Algeria in the 1990s, including a bishop killed by a car bomb and beheaded monks.

  • [By ]

    This photo provided by Tesla shows a 2017 Tesla Model 3, a vehicle that has a semiautonomous driving system called Autopilot. Tesla can update the Autopilot software over the air, not necessitating a trip to a service center. Tesla offers Autopilot on its Model S, Model X and Model 3 vehicles. (Photo: AP)

  • [By ]

    New York (AP) — The bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said.

Best Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)

Advisors’ Opinion:

  • [By Joseph Griffin]

    HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

  • [By Ethan Ryder]

    HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

Best Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Garrett Baldwin]

    Money MorningDirector of Technology & Venture Capital Research Michael A. Robinson has brought our readers some of the best ways to make money on technology stocks. But there’s always been one company that he’s largely avoided over his career… until now. You’re not going to believe what U.S. tech firm Michael says will unleash a wave of profits on investors in the future. Find out here.

    Four Stocks to Watch Today: FB, TSLA, JPM, WFC
    Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg will appear before a joint hearing of the Senate Judiciary and Commerce committee. Congress is investigating the data scraping efforts of Cambridge Analytica, which have brought a significant amount of embarrassment to the social media giant. Congress will be asking questions about the firm’s privacy practices in the wake of the policy that allowed Cambridge Analytica to obtain the personal information of roughly 87 million users. Shares of Tesla Inc. (Nasdaq: TSLA) made small gains after the announcement by China’s president to cut import tariffs. But there was a second factor that provided investor enthusiasm this morning. The head of the National Transportation Safety Board said that he had a “constructive conversation” with Tesla CEO Elon Musk as the agency probes a recent fatal crash involving the firm’s semi-autonomous vehicles. Markets are paying close attention to earnings reports this week. The first major test of earnings season will come later this week after several key U.S. banks report earnings. JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and Wells Fargo & Co.(NYSE: WFC) will all report earnings on Friday morning. Look for additional earnings reports from Jamba Inc. (Nasdaq: JMBA), MSC Industrial Direct Co. Inc.(NYSE: MSM), AZZ Inc.(NYSE: AZZ), and Healthcare Services Group Inc. (Nasdaq: HCSG).


    FollowMoney MorningonFacebook,Twitter, andLinkedIn.

  • [By Matthew Frankel]

    So it may seem like scandal-plagued banking giant Wells Fargo (NYSE:WFC) might be right up my alley. Because of the bank’s infamous fake-accounts scandal and other issues, Wells Fargo has significantly underperformed its peers and may look attractive to bargain-seeking investors.

  • [By Lee Jackson]

    This large cap bank is a solid value play for 2018, but still faces the possibility of large fines. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.8 trillion in assets. The company provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.

  • [By Lee Jackson]

    Though this large cap bank is a solid value play for 2018, it still faces the possibility of large fines.Wells Fargo & Co. (NYSE: WFC) is anationwide, diversified, community-based financial services company with $1.8 trillion in assets. The company provides banking, insurance, investments, mortgage and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the Internet and mobile banking. It also has offices in 36 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.

  • [By Motley Fool Staff]

    As far as positive surprises go, Wells Fargo(NYSE:WFC) was probably the biggest positive surprise. I probably don’t have to tell most listeners, Wells Fargo hasn’t had the best couple of years, when it comes to their fake accounts scandal, the fallout from that, the other mini scandals along the way, and just recently, their punishment by the same Federal Reserve that says they’re not allowed to grow until they improve. They actually got the approval to buy back more than twice the amount of stock that they did last year. One, that says a lot about how well-capitalized they are. Two, it also says a lot that their management’s willing to do that, that they think that their stock is at such a compelling bargain right now that they’re willing to spend over $25 billion on buybacks alone.

Best Bank Stocks To Own Right Now: Canadian Imperial Bank of Commerce(CM)


Advisors’ Opinion:

  • [By Motley Fool Staff]

    Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Lisa Levin] Companies Reporting Before The Bell
    Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion.
    Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion.
    Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion.
    Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million.
    Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion.
    Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million.
    Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million.
    iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.


     

  • [By Stephan Byrd]

    Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.

Best Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)


Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Leave a Reply

Your email address will not be published.