Tag Archives: CM

Best Bank Stocks To Own Right Now

ValuEngine upgraded shares of Horizon Global (NYSE:HZN) from a strong sell rating to a sell rating in a research note released on Wednesday.

A number of other research firms have also commented on HZN. Zacks Investment Research raised Horizon Global from a strong sell rating to a hold rating in a research report on Thursday, March 29th. B. Riley assumed coverage on Horizon Global in a research report on Friday, April 13th. They issued a buy rating and a $12.50 price target for the company. Bank of America lowered Horizon Global from a buy rating to an underperform rating and lowered their price target for the company from $10.00 to $5.00 in a research report on Friday, June 22nd. Finally, Roth Capital increased their price target on Horizon Global from $6.50 to $7.50 and gave the company a neutral rating in a research report on Friday, June 22nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $13.86.

Best Bank Stocks To Own 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 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.

  • [By Motley Fool Transcribers]

    Canadian Imperial Bank of Commerce (NYSE:CM)Q3 2018 Earnings Conference CallAug. 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]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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

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

Advisors’ Opinion:

  • [By Rich Duprey]

    Instead of pitching in more of his own money now, Lampert’s been working to try to secure financing from institutions other than his own hedge fund, ESL Investments. Reuters reports negotiations with Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) fell through as Lampert sought to arrange debtor-in-possession financing. Basically such reorganization efforts allow existing management to continue operating the train. But rumor has it lenders are not willing to give Lampert free rein anymore and are pushing for a Chapter 7 bankruptcy filing that calls for Sears to be liquidated, rather than the reorganization that Chapter 11 allows.

  • [By Matthew Frankel]

    After a turbulent couple of years for the bank, Wells Fargo (NYSE:WFC) finally gave its investors a pleasant surprise. Not only was its 2018 capital plan approved by the Federal Reserve, but it included a huge increase in the bank’s buyback authorization. As a result, the stock is up sharply — as of 10:30 a.m. EDT Friday, shares are up by nearly 5%.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest decreased to 35.71 million shares from the previous reading of 36.20 million. Shares were trading at $56.55, within a 52-week range of $49.27 to $66.31.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest rose to 31.18 million shares from the previous reading of 29.85 million. Shares were trading at $54.05, within a 52-week range of $49.27 to $66.31.

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

Advisors’ Opinion:

  • [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

  • [By ]

    This undated photo provided by TransDigm Group shows company CEO W. Nicholas Howley of TransDigm, which designs and produces aircraft components. Howley was the third-highest paid CEO at big U.S. companies for 2017, as calculated by The Associated Press and Equilar, an executive data firm. He earned $61 million, including $51.2 million of payments from the company on stock options he holds, as if they had earned dividends. He made just $7,000 in salary last year. (Photo: AP)

  • [By ]

    Despite claims by President Donald Trump saying the U.S. stock market would crash if he was impeached, money managers stress that the stock market's longer-term direction and health are less about political drama and more about the overall strength of the economy. (Photo: AP)

  • [By ]

    San Juan, Puerto Rico (AP) — Puerto Rico is now estimating that Hurricane Maria killed more than 1,400 people, far more than the official death toll of 64, in a report to Congress seeking billions to help the island recover from the devastating storm.

  • [By ]

    ORG XMIT: MASR201 In this Feb. 22, 2012 photo, shoppers enter a Sears department store location in Dedham, Mass. Sears Holdings is expanding its partnership with Amazon, enabling tire buyers to have them installed at a local Sears Auto Center. (AP Photo/Steven Senne) (Photo: AP)

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 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 Max Byerly]

    HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% 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.

  • [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 Stephan Byrd]

    Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

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

Advisors’ Opinion:

  • [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

  • [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 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

Top Bank Stocks To Buy Right Now

&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1108639406&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1108639406/960×0.jpg?fit=scale&q; data-height=&q;525&q; data-width=&q;960&q;&g; Shutterstock

The offbeat world of cryptocurrency investing today got a little more mainstream, with the rare addition of four of the largest cryptocurrencies to the Paxos Trust Company, licensed in many ways to work like a bank.

&l;span style=&q;font-weight: 400&q;&g;Starting today, the New York-based bitcoin exchange and trust, is among the very few companies approved by the&a;nbsp; New York Department of Financial Services to trade in ethereum, litecoin, and bitcoin cash. Also today the company is the first to be approved to trade lumens, the native cryptocurrency of the Stellar blockchain, &l;a href=&q;/sites/michaeldelcastillo/2018/05/15/ibm-to-use-stellar-for-its-first-crypto-token-on-a-public-blockchain/&q; target=&q;_blank&q;&g;increasingly&l;/a&g;&a;nbsp;popular among enterprise users.&l;/span&g;

Top Bank Stocks To Buy 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.

  • [By Stephan Byrd]

    Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

Top Bank Stocks To Buy 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 ]

    New York (AP) — Demi Lovato has checked out of the hospital she was rushed to two weeks ago for a reported overdose.

    A person close to Lovato said she was released from Cedars-Sinai Medical Center in Los Angeles over the weekend. The person spoke on the condition of anonymity because the person wasn't allowed to speak publicly about the topic.

  • [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 ]

    San Francisco (AP) — A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment.

Top Bank Stocks To Buy Right Now: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [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 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 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 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

Top Bank Stocks To Buy Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [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 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 Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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

Top Bank Stocks To Buy Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By ]

    Citigroup (C) , Wells Fargo (WFC) , and Bank of America (BAC) all closed in the green on Tuesday, but none in significantly grand fashion. I am not touching Wells Fargo at this time. They can prove themselves first. I remain long Citigroup, JP Morgan (JPM) , and Goldman Sachs (GS) . Citigroup based on valuation, and on the firm’s stated intent to repurchase $20B worth of shares over a couple of years, and JP Morgan basically because of their solid balance sheet, and broad global exposure. Both of these firms should benefit not only from deregulation, but from the Fed’s stress test results next month.

  • [By ]

    After Wells Fargo’s (NYSE: WFC) fake-accounts scandal was revealed in 2016, Buffett said that the bank remained a compelling long-term investment and that he had no plans to sell any of Berkshire’s massive stake. At last year’s meeting, Buffett reiterated that while the bank made a big mistake by incentivizing cross-selling, it still was a great company.

  • [By Alexander Bird]

    Under the new law, the nation’s corporate tax rate has been slashed from 35% to 21%, giving banks an immense tax break. Both JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) have estimated they will end up paying an effective tax rate of 19% in 2018, well below the corporate average.

Top 10 Bank Stocks To Watch Right Now

GlaxoSmithKline plc (NYSE:GSK) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,497,397 shares, a drop of 27.2% from the May 15th total of 11,675,520 shares. Based on an average daily volume of 2,406,543 shares, the short-interest ratio is currently 3.5 days.

GSK has been the topic of several recent research reports. Zacks Investment Research raised GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, April 3rd. DZ Bank reissued a “buy” rating on shares of GlaxoSmithKline in a report on Thursday, June 14th. Deutsche Bank reissued a “neutral” rating on shares of GlaxoSmithKline in a report on Monday, April 9th. Finally, BNP Paribas raised GlaxoSmithKline from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.21.

Top 10 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 Stephan Byrd]

    Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

  • [By Max Byerly]

    HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% 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.

  • [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.

Top 10 Bank Stocks To Watch Right Now: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [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 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 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]

    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

Top 10 Bank Stocks To Watch Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    San Francisco (AP) — A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment.

  • [By ]

    Paris (AP) — Floodwaters were nearing their peak in Paris on Saturday, with the rain-swollen Seine River engulfing scenic quays and threatening wine cellars and museum basements.

  • [By ]

    Wellington, New Zealand (AP) — New Zealand plans to slaughter about 150,000 cows as it tries to eradicate a strain of disease-causing bacteria from the national herd.

  • [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

  • [By ]

    This undated photo provided by Edmunds, shows the 2018 Land Rover Discovery, which allows you to remotely fold the rear seats flat via a linked smartphone app. (Courtesy of Edmunds.com Inc. via AP) (Photo: AP)

  • [By ] DETROIT (AP) — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.

Top 10 Bank Stocks To Watch Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [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.

  • [By Garrett Baldwin]

    We’re about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.

    The Top Stock Market Stories for Tuesday
    The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation’s ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation’s parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers’ data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms.
    Three Stocks to Watch Today: CRM, SBUX, MOMO
    com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks’ Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were

  • [By Max Byerly]

    Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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

Top 10 Bank Stocks To Watch Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Tim Melvin]

    Last Friday, the first wave of bank earnings reports hit Wall Street, when JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and scandal-stricken Wells Fargo & Co. (NYSE: WFC) released their first-quarter financials.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) is set to release its third-quarter financial results before the markets open on Friday. The consensus estimates from Thomson Reuters are calling for $1.17 in earnings per share (EPS) and revenue of $21.9 billion. In the same period of last year, the big bank said it had EPS of $0.84 on $21.93 billion in revenue.

  • [By ]

    The most noteworthy takeaways from Berkshire’s weekend:

    Buffett remains bullish on Wells Fargo (WFC) and CEO Tim Sloan despite its spate of scandals. A CEO for Berkshire’s healthcare initiatives with JPMorgan & Chase (JPM) and Amazon (AMZN) is expected to be announced in a few months.  Both Buffett and Munger continue to think valuations on potential targets remain too high. Keep an Eye on PayPal

    PayPal (PYPL) is due for a good session on Monday after CEO Dan Schulman gave a bullish 45 minute interview with Jim Cramer at TheStreet’s Investor Boot Camp conference on Saturday. Schulman easily downplayed the threat of Amazon in mobile payments.

  • [By Chris Johnson]

    Between this Friday and next Wednesday, we’ll see a who’s who of big banks step into the earnings confessional, including the likes of JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC), Goldman Sachs Group Inc. (NYSE: GS), and Morgan Stanley (NYSE: MS).

  • [By Stephan Byrd]

    American International Group Inc. reduced its position in Wells Fargo & Co (NYSE:WFC) by 3.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,414,614 shares of the financial services provider’s stock after selling 49,120 shares during the quarter. American International Group Inc.’s holdings in Wells Fargo & Co were worth $74,140,000 as of its most recent SEC filing.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest dropped to 27.04 million shares from the previous reading of 27.44 million. Shares were trading at $55.94, within a 52-week range of $50.26 to $66.31.

Hot Financial Stocks To Buy Right Now

The S&P 500 and Nasdaq tumbled this week as investors dumped tech stocks and investors looked ahead to the Italian referendum on Sunday.

Getty Images

The S&P 500 fell 1% this week after finishing little changed at 2,191.95 today, while the Dow Jones Industrial Average ticked up 0.1% this week after dipping 21.51 points, or 0.1%, to 19,170.42. The Nasdaq Composite dropped 2.7% this week after rising 0.1% to 5,255.65 today.

Wellington Shields’ Frank Gretz looks back at the tech wreckage:

The FANG stocks never really got going, so weakness there, while not good, is not new. What is new is weakness in the Semiconductors, and, on Thursday, the weakness was a bit severe. We confess to not really understanding how Tech could go so wrong, but there it is. Though not very scientific, we don’t remember markets going very far without Tech at least participating. Though the move has been impressive, we don’t think Oil stocks are going to do it, and the last time they tried was the summer of 2008. Financials have been the real drivers and they’re having a leg up on the back of that Treasury appointment. Another area with a lot going for it in the Trump world are the Transports, all of them. The Dow Transports are at a new high, confirming the highs in the Industrials. If only the Dow Theory still worked. The truth is just about everything in the Transportation sector looks good chart-wise. And there’s General Motors (GM) – go figure…

Hot Financial Stocks To Buy Right Now: Aon Corporation(AON)

Advisors’ Opinion:

  • [By Ethan Ryder]

    North Star Investment Management Corp. decreased its position in Aon PLC (NYSE:AON) by 17.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,515 shares of the financial services provider’s stock after selling 550 shares during the period. North Star Investment Management Corp.’s holdings in AON were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Joseph Griffin]

    Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Aon PLC (NYSE:AON) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,895 shares of the financial services provider’s stock after selling 1,313 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $6,433,000 as of its most recent SEC filing.

  • [By Logan Wallace]

    AON (NYSE: AON) and CorVel (NASDAQ:CRVL) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, profitability, risk, analyst recommendations and dividends.

  • [By Joseph Griffin]

    AON (NYSE:AON) had its price target hoisted by Citigroup from $160.00 to $165.00 in a report issued on Tuesday morning. They currently have a buy rating on the financial services provider’s stock.

Hot Financial Stocks To Buy 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 Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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

  • [By Garrett Baldwin]

    We’re about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.

    The Top Stock Market Stories for Tuesday
    The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation’s ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation’s parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers’ data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms.
    Three Stocks to Watch Today: CRM, SBUX, MOMO
    com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks’ Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were

  • [By Max Byerly]

    Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.

  • [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.

Hot Financial Stocks To Buy Right Now: New Century Bancorp Inc.(NC)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Whirlpool (NYSE: WHR) and NACCO Industries (NYSE:NC) are both consumer discretionary companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, dividends, institutional ownership, analyst recommendations and earnings.

Hot Financial Stocks To Buy Right Now: Lakeland Bancorp Inc.(LBAI)

Advisors’ Opinion:

  • [By Shane Hupp]

    Lakeland Bancorp, Inc. (NASDAQ:LBAI) – Equities research analysts at FIG Partners lifted their Q4 2020 earnings per share (EPS) estimates for Lakeland Bancorp in a report released on Tuesday, January 29th. FIG Partners analyst D. Bishop now forecasts that the financial services provider will earn $0.40 per share for the quarter, up from their prior forecast of $0.39. FIG Partners has a “Outperform” rating and a $20.00 price target on the stock.

Top 5 Bank Stocks To Own For 2019

A dismal report on December retail sales Thursday capped a batch of weak economic data, raising questions about whether last year’s robust economy is simply slowing or sputtering toward a recession later this year.

Most economists are betting on the former.

“I see this simply as a transition from a faster growing economy to a more moderate pace,” says Bernard Baumohl, chief global economist of the Economic Outlook Group

 “The only question is the extent to which the economy’s growth rate is declining,” says Joe LaVorgna, chief economist of the Americas for research firm.

LaVorgna estimates growth of 3 percent in 2018 will slow to about 2 percent this year, a tepid pace that’s more in line with most of the nearly 10-year-old economic expansion.

Besides retail sales, the flurry of disappointing reports the past couple of weeks highlighted worrisome trends in service-sector activity, consumer and business confidence, layoffs and bank lending standards.

Top 5 Bank Stocks To Own For 2019: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [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 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 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 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

Top 5 Bank Stocks To Own For 2019: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    Des Moines, Iowa (AP) — It's been a billion-dollar lottery weekend after a lone Powerball ticket sold in New Hampshire matched all six numbers and will claim a $570 million jackpot, one day after another single ticket sold in Florida nabbed a $450 million Mega Millions grand prize.

  • [By ]

    New York (AP) — Four more deaths have been linked to a national food poisoning outbreak blamed on tainted lettuce, bringing the total to five.

    Health officials have tied the E. coli outbreak to romaine lettuce grown in Yuma, Arizona. The growing season there ended six weeks ago, and it's unlikely any tainted lettuce is still in stores or people's homes, given its short shelf life. But there can be a lag in reporting, and reports of illnesses have continued to come in.

  • [By ]

    This undated photo provided by General Motors shows the 2019 Silverado, which features a large cargo bed in the full-size truck class. (Courtesy of General Motors via AP) (Photo: AP)

  • [By ]

    New York (AP) — Tom Petty died last year because of an accidental drug overdose that his family said occurred on the same day he found out his hip was broken after performing dozens of shows with a less serious injury.

  • [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

  • [By ]

    New York (AP) — First lady Melania Trump's parents have been sworn in as U.S. citizens.

    A lawyer for Viktor and Amalija Knavs says the Slovenian couple took the citizenship oath on Thursday in New York City.

Top 5 Bank Stocks To Own For 2019: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Shares of Wells Fargo (NYSE:WFC) have received a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.86.

  • [By Garrett Baldwin]

    Money Morning Director 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).

    Follow Money Morning on Facebook, Twitter, and LinkedIn.

  • [By ]

    When long-time, sometimes controversial bank analyst Mike Mayo speaks it’s often wise for investors to listen. Recently plucked up by Wells Fargo (WFC)  to cover the banking space, Mayo is fresh off a meeting with top Goldman Sachs (GS)  management, including CEO Lloyd Blankfein. Mayo’s mention of a possible “revenue breakout” in a new note dropped in our email box Tuesday is attention-grabbing (if not a reason to trade Action Alerts PLUS holding Goldman).

  • [By Tim Melvin]

    Last Friday, the first wave of bank earnings reports hit Wall Street, when JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and scandal-stricken Wells Fargo & Co. (NYSE: WFC) released their first-quarter financials.

  • [By Max Byerly]

    Northern Oak Wealth Management Inc. boosted its position in Wells Fargo (NYSE:WFC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,579 shares of the financial services provider’s stock after purchasing an additional 1,323 shares during the period. Wells Fargo comprises approximately 1.4% of Northern Oak Wealth Management Inc.’s portfolio, making the stock its 24th biggest holding. Northern Oak Wealth Management Inc.’s holdings in Wells Fargo were worth $8,650,000 at the end of the most recent reporting period.

  • [By Motley Fool Staff]

    In the latest chapter of the Wells Fargo (NYSE:WFC) saga, the bank has agreed to a $1 billion penalty from the CFPB — the largest penalty ever levied by the agency. In this clip, host Michael Douglass and Fool.com contributor Matt Frankel discuss what this means to investors.

Top 5 Bank Stocks To Own For 2019: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

  • [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 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.

     

Top 5 Bank Stocks To Own For 2019: HSBC Holdings PLC (HSBA)

Advisors’ Opinion:

  • [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 Stephan Byrd]

    Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

  • [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.