Best Bank Stocks To Watch Right Now

By Fred McClimans and John Freeman, Samadhi Partners Equity Research.

Over the past six months, three of our equity picks in the Samadhi Capital Client Portfolio have been acquired: ARM Holdings (ARM), by the Japanese firm Softbank; Infoblox (NYSE:BLOX), by the private equity firm Vista Equity Partners; and InvenSense (NYSE:INVN), by Japanese electronic-parts maker TDK Corp. Together, these gems represented over $33.8b in M&A value.

While we are focused on ensuring our portfolio companies have what it takes to be long-term over-performers, there’s nothing quite like having your hard work and research validated by an outside firm that sees the same value we do (and is willing to put the cash on the table to prove it).

Rather than rest on our 2016 laurels, we’re back at it, scouring through the companies in our portfolio and on our “watch list” to identify those that we feel have the right stuff to make a compelling acquisition target in 2017 (no pretenders here, we routinely rank every company in our portfolio and watch list as part of our research process).

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

Advisors’ Opinion:

  • [By Sean Williams]

    Another brand-name stock that found itself on the chopping block during the second quarter was embattled money-center bank Wells Fargo (NYSE:WFC). In particular, the Oracle of Omaha, Warren Buffett, wound up selling almost 4.5 million shares of Wells Fargo, while Leon Cooperman’s Omega Advisors sold its entire position, which amounted to 412,500 shares. Andreas Halvorsen of Viking Global came in with the exclamation point: the liquidation of its 12.8 million share position in the second quarter.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest grew to 35.55 million shares from the previous reading of 31.18 million. Shares were trading at $54.85, within a 52-week range of $49.27 to $66.31.

  • [By Stephan Byrd]

    Prudential Financial Inc. cut its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 11.4% during the first quarter, HoldingsChannel.com reports. The fund owned 9,940,464 shares of the financial services provider’s stock after selling 1,281,633 shares during the period. Wells Fargo & Co accounts for approximately 0.8% of Prudential Financial Inc.’s portfolio, making the stock its 15th largest position. Prudential Financial Inc.’s holdings in Wells Fargo & Co were worth $520,980,000 as of its most recent filing with the Securities & Exchange Commission.

  • [By Matthew Frankel]

    Wells Fargo (NYSE:WFC) has had an eventful couple of years, and not in a good way. The bank’s public perception has been rocked by three major scandals, including the infamous fake-accounts scandal, which has not only resulted in sub-par business performance, but has resulted in a string of penalties, fines, and consumer refunds as well.

  • [By SEEKINGALPHA.COM]

    The US financial sector has been on a solid run of late. Over the last 12 months the S&P 500 Financials Sector has returned 18.9% relative to the S&P 500 Index of 17.9%. Many analysts have formed the view that with the potential for higher market interest rates, this sector has a long runway ahead. So with this in mind I thought that it would be a good time to update my estimates of the intrinsic value of the 3 major diversified banks. Over a series of 4 articles I will value JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC). In this first article I will set the scene by reviewing the performance of the 3 banks over the last 10 years and compare their current performance to the Sector.

  • [By Logan Wallace]

    Robeco Institutional Asset Management B.V. boosted its holdings in Wells Fargo & Co (NYSE:WFC) by 52.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 614,003 shares of the financial services provider’s stock after purchasing an additional 209,981 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Wells Fargo & Co were worth $32,179,000 at the end of the most recent quarter.

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

Advisors’ Opinion:

  • [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

  • [By Ethan Ryder]

    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 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 Ethan Ryder]

    First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

  • [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

  • [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

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

Advisors’ Opinion:

  • [By Logan Wallace]

    A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:

    6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.

    CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.

  • [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 Joseph Griffin]

    Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

  • [By Joseph Griffin]

    Canadian Imperial Bank of Commerce (NYSE: CM) and Foreign Trade Bank of Latin America (NYSE:BLX) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, institutional ownership, risk and valuation.

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

Advisors’ Opinion:

  • [By Max Byerly]

    Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

  • [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.

  • [By Max Byerly]

    HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

  • [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.

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

Advisors’ Opinion:

  • [By ]

    The San Jose skyline Feb. 5, 2013. (Photo: AP)

    7. San Jose, California

    Median earnings increase between 2011 and 2016: 8.7 percent
    Workforce and earnings score: 53.4
    Final score: 47.4
    Overall rank: 19

  • [By ]

    This Jan. 28, 2018, file photo shows music streaming apps clockwise from top left, Apple, Spotify, Amazon, Pandora and Google on an iPhone in New York. (Photo: AP)

  • [By ]

    Honolulu (AP) — Scientists in Hawaii have captured rare images of blue flames burning from cracks in the pavement as Kilauea volcano gushes fountains of lava in the background, offering a look at a new dimension in the volcano's weeks-long eruption.

  • [By ]

    This undated photo provided by General Motors shows the 2018 Chevrolet Tahoe, which can be had in the Fort Lauderdale area during Labor Day sales with a discount of $12,500. (Courtesy of General Motors via AP) (Photo: AP)

  • [By ]

    Cayce, S.C. (AP) — A crash between an Amtrak passenger train and a CSX freight train in South Carolina has left at least two people dead and more than 50 injured

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