Tag Archives: WFC

Top Bank Stocks To Buy Right Now

The nation’s largest student loan servicing company is eyeing new acquisitionsand couldsoon be handling your loan repayments.

The day after disclosing plans to buy a $6.9 billion education loan portfolio from JPMorgan Chase, Navient said it continuesto explore new acquisitions. Potential targetsinclude “a number of banks” with portfolios of federally guaranteed student loans, as well as private loans, company CEO and President Jack Remondi told financial analystsduring a Wednesday conference call.

The prospect of Navient growing even bigger was counterbalanced by downbeat first-quarter earningsthe Wilmington, Del.-based company announced after financial markets closed Tuesday. Shares of Navient (NAVI) closed 0.4% higher at $15.11 Wednesday, after recovering from earlier declines.

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

Advisors’ Opinion:

  • [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 ]

    New York (AP) — Jay-Z has spent a long afternoon at the New York offices of the Securities and Exchange Commission.

    The rapper and entrepreneur was scheduled to spend much of the day Tuesday answering questions from SEC investigators as part of their probe of the Iconix Brand Group.

  • [By ]

    Tehran, Iran (AP) — An Iranian commercial plane crashed on Sunday in a foggy, mountainous region of southern Iran, killing all 66 people on board, state media reported.

  • [By ]

    Durango, Colo. (AP) — A growing wildfire burning in southwestern Colorado forced more people from their homes Sunday as crews tried to slow the blaze being fed by continued hot, dry and windy conditions.

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

Advisors’ Opinion:

  • [By Paul Ausick]

    Wells Fargo & Co. (NYSE: WFC) dropped out of the top 10 to end the year in 11th place, and Citigroup Inc. (NYSE: C) ranked 13th, as it did in 2016.

  • [By ]

    Wells Fargo & Co. (WFC) , the U.S. bank already reeling from sanctions by regulators over alleged customer abuses, faces additional penalties of as much as $1 billion to resolve allegations over matters including auto insurance and mortgage-sales practices.

  • [By ]

    Here Are 3 Hot Things to Know About Stocks Right Now Futures point to the Dow and S&P 500 continuing to edge higher, while the Nasdaq is expected to fall at opening. Earnings from the U.S.’s big banks kick off Friday with  Action Alerts PLUS holding JPMorgan Chase & Co. JPM, Wells Fargo & Co. (WFC)  and Citigroup Inc. (C) European markets were mixed with France’s Cac 40 and Germany’s Dax up and London’s FTSE 100 on the back foot as the pound edged higher.  Markets Overview

    Global markets struggled to stay in positive territory on Friday, April 13, and U.S. futures were under pressure at President Donald Trump and allies weighed action in Syria.

  • [By Max Byerly]

    Osborn Williams & Donohoe LLC trimmed its stake in shares of Wells Fargo & Co (NYSE:WFC) by 36.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 63,193 shares of the financial services provider’s stock after selling 36,770 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Wells Fargo & Co were worth $3,503,000 at the end of the most recent reporting period.

Top Bank Stocks To Buy Right Now: 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 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 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 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 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.

Top Bank Stocks To Buy 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 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 5 Canadian Stocks To Invest In 2019

Remember only one month ago? Tesla (NASDAQ:TSLA) reported that it had hit a production rate of 2,000 per week. Elon Musk even went on CBS and professed that the number was indeed higher than 2,000 per week.

Granted, production shut down for an alleged 3-5 days late in the quarter. So thats a loss of little over 1,000 cars. Still, investors hoping for a number of at least in the ballpark of 8,000 for the month just got a cold shower: here.

Yes, the usual source of U.S. monthly unit sales data, Insideevs, estimates that Tesla sold only 3,875 Model 3 units in the U.S. in April. Canadian sales are starting right about now, so its not clear if this number includes a handful of the first units to Canada – I think (and hope) not.

Here’s the larger point: The Model 3 sales number was essentially unchanged from the 3,820 in March. Thats a disaster from two perspectives:

Hey, this is a product that should be experiencing sequential hyper growth. Like, 100% or more. Not be flat.

Top 5 Canadian Stocks To Invest In 2019: Sensata Technologies Holding N.V.(ST)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Sensata Technologies (ST)

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

  • [By Ethan Ryder]

    News coverage about Sensata Technologies (NYSE:ST) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sensata Technologies earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the scientific and technical instruments company an impact score of 47.3141406855551 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Sensata Technologies (ST)

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

  • [By Lisa Levin] Companies Reporting Before The Bell
    United Technologies Corporation (NYSE: UTX) is estimated to report quarterly earnings at $1.51 per share on revenue of $14.62 billion.
    The Coca-Cola Company (NYSE: KO) is expected to report quarterly earnings at $0.46 per share on revenue of $7.31 billion.
    Caterpillar Inc. (NYSE: CAT) is projected to report quarterly earnings at $2.07 per share on revenue of $11.93 billion.
    Verizon Communications Inc. (NYSE: VZ) is expected to report quarterly earnings at $1.11 per share on revenue of $31.22 billion.
    Lockheed Martin Corporation (NYSE: LMT) is estimated to report quarterly earnings at $3.42 per share on revenue of $11.28 billion.
    The Sherwin-Williams Company (NYSE: SHW) is projected to report quarterly earnings at $3.15 per share on revenue of $3.94 billion.
    Biogen Inc. (NASDAQ: BIIB) is expected to report quarterly earnings at $5.92 per share on revenue of $3.15 billion.
    3M Company (NYSE: MMM) is estimated to report quarterly earnings at $2.52 per share on revenue of $8.26 billion.
    JetBlue Airways Corporation (NASDAQ: JBLU) is projected to report quarterly earnings at $0.2 per share on revenue of $1.75 billion.
    Eli Lilly and Company (NYSE: LLY) is expected to report quarterly earnings at $1.13 per share on revenue of $5.49 billion.
    Harley-Davidson, Inc. (NYSE: HOG) is estimated to report quarterly earnings at $0.88 per share on revenue of $1.25 billion.
    Corning Incorporated (NYSE: GLW) is expected to report quarterly earnings at $0.3 per share on revenue of $2.50 billion.
    Centene Corporation (NYSE: CNC) is projected to report quarterly earnings at $1.88 per share on revenue of $13.28 billion.
    The Travelers Companies, Inc. (NYSE: TRV) is estimated to report quarterly earnings at $2.77 per share on revenue of $6.75 billion.
    Wipro Limited (NYSE: WIT) is expected to report quarterly earnings at $0.07 per share on revenue of $2.16 billion.
    PACCAR Inc (NASDAQ: PCAR) is projected to
  • [By Ethan Ryder]

    Oppenheimer Asset Management Inc. cut its stake in Sensata Technologies Ltd (NYSE:ST) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,199 shares of the scientific and technical instruments company’s stock after selling 6,012 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sensata Technologies were worth $1,625,000 at the end of the most recent reporting period.

Top 5 Canadian Stocks To Invest In 2019: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $73.80.

  • [By Stephan Byrd]

    Premium Brands Holdings Corp (TSE:PBH) Director Stephen Sposari sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of C$117.01, for a total transaction of C$351,030.00.

  • [By Max Byerly]

    Premium Brands Holdings Corp (TSE:PBH) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$132.14.

Top 5 Canadian Stocks To Invest In 2019: Patni Computer Systems Limited(PTI)

Advisors’ Opinion:

  • [By Chris Lange]

    Proteostasis Therapeutics Inc. (NASDAQ: PTI) saw its shares slide early on Thursday after the company reported that it had positive data from its early stage trial in cystic fibrosis (CF). These results come from the firms ongoing Phase 1 dosing study of PTI-801 in CF patients on background Orkambi (lumacaftor/ivacaftor) therapy.

Top 5 Canadian Stocks To Invest In 2019: Apollo Gold Corporation(BRD)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Bread (CURRENCY:BRD) traded 2.1% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on May 27th. One Bread token can currently be bought for $0.46 or 0.00006320 BTC on popular cryptocurrency exchanges including Cobinhood, Binance and OKEx. Bread has a market capitalization of $40.78 million and $4.40 million worth of Bread was traded on exchanges in the last day. During the last seven days, Bread has traded down 28.2% against the U.S. dollar.

  • [By Ethan Ryder]

    Bread (CURRENCY:BRD) traded 10.1% lower against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on May 6th. Bread has a market cap of $73.13 million and approximately $1.09 million worth of Bread was traded on exchanges in the last 24 hours. One Bread token can currently be purchased for about $0.82 or 0.00008683 BTC on popular exchanges including OKEx, Binance and Cobinhood. In the last seven days, Bread has traded 3.3% higher against the U.S. dollar.

Top 5 Canadian Stocks To Invest In 2019: 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 Shane Hupp]

    These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

    Get Wells Fargo alerts:

    Wells Fargo’s latest issue emerges amid bank’s rebranding campaign (investmentnews.com) Wells Fargo Has Shown Us Its Contemptible Values (bloomberg.com) Well Fargo Renews Its Commitment to You After Rip-Offs (Update) (247wallst.com) Wells Fargo (WFC) EVP, Head of Commercial Capital Ed Blakey to Retire (streetinsider.com) Wells Fargo And Loan Demand (seekingalpha.com)

    Several research analysts have recently issued reports on WFC shares. Vining Sparks reaffirmed a “buy” rating and set a $68.50 price objective on shares of Wells Fargo in a research report on Monday, February 5th. Bank of America lowered their price objective on Wells Fargo from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Nomura decreased their target price on Wells Fargo from $79.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Zacks Investment Research raised Wells Fargo from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Saturday, February 10th. Finally, UBS raised Wells Fargo from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, April 5th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $61.83.

  • [By Jordan Wathen, Matthew Frankel, and Sean Williams]

    Below, threeMotley Fool investors explain why they believe Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB), and Wells Fargo (NYSE:WFC) are the best bank stocks to buy in July.

  • [By ]

    Cramer was disappointed with Wells Fargo’s (WFC) results.

    Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim’s charitable trust portfolio with a free trial to Action Alerts PLUS!

  • [By Douglas A. McIntyre]

    24/7 Wall St. named Wells Fargo & Co. (NYSE: WFC) CEO Tim Sloan one of the worst in America late last year. The case for the selection persists and has gotten more powerful.

Top Bank Stocks To Buy Right Now

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The Philippine central bank increased its benchmark interest rate for a second month, following through on a pledge to curb inflation and support one of Asia’s worst-performing currencies.

Bangko Sentral ng Pilipinas increased the overnight reverse repurchase rate by 25 basis points to 3.5 percent, it said in a statement in Manila on Wednesday. Eleven of the 17 economists surveyed by Bloomberg predicted the decision, with the rest expecting no change.

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 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 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.

Top Bank Stocks To Buy 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]

    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.

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

Advisors’ Opinion:

  • [By Garrett Baldwin]

    Earnings season will kick into high gear today with the release of multiple reports from three of the nation’s top financial institutions. JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co.(NYSE: WFC), and Citigroup Inc. (NYSE: C) will all be in the spotlight today. U.S. President Donald Trump could be shaking up trade policy. However, it isn’t NAFTA or tariffs with China that are headlining the story. According to reports, Trump has requested his advisors explore American reentry into the Transpacific Partnership (TPP). President Trump pulled the United States out of TPP shortly following his inauguration. The recommendation comes after lawmakers from ag-producing states discussed the impact of leaving the deal with the administration. The decision to reenter the TPP would be very valuable to states that produce the bulk of U.S. wheat given that it would allow exporters to avoid tariffs of $65 per tonne to Japan, which is the largest export market for American wheat. Leading nations of the pact, such as Japan and Australia, reacted coolly to the president’s pivot but did not rule out the possibility of American reentry. Facebook Inc. (Nasdaq: FB) is still in focus across the financial world. Facebook CEO Mark Zuckerberg appeared before Congress two times this week to address his firm’s ongoing data scandal involving consulting firm Cambridge Analytica. Congress’ failure to understand how the Internet works and Facebook’s business model was on full display, but Zuckerberg was able to maintain his composure as he answered questions over the two-day period.
    Stocks to Watch Today: JPM, WFC, C
    Shares of JPMorgan Chase & Co. (NYSE: JPM) are in focus as the bank prepares to report Q1 earnings before the bell. JPM stock added 1.1% despite falling short of profit expectations. Wall Street anticipated that the firm would report earnings per share (EPS) of $2.28 on top of $27.53 billion in revenue. The firm reported EPS of $2.26; however, it reported

  • [By Paul Ausick]

    Excluding the company’s stake in Kraft Heinz Co. (NYSE: KHC), its top five holdings at the end of last year were as follows:

    American Express Co. (NYSE: AXP): a 17.6% stake valued at $15 billion with a cost basis of $1.3 billion Phillips 66 Co. (NYSE: PSX): a 14.9% stake valued at $7.5 billion and a cost basis of $5.8 billion Moody’s Corp. (NYSE: MCO): a 12.9% stake valued at $3.6 billion with a cost basis of $248 million Wells Fargo & Co. (NYSE: WFC): a 9.9% stake valued at $29.3 billion and a cost basis of $11.8 billion Coca-Cola Co. (NYSE: KO): a 9.4% stake valued at $18.4 billion with a cost basis of $1.2 billion

    The following are a few of Buffett’s comments from the letter.

  • [By Joseph Griffin]

    Magnolia Group LLC lessened its stake in Wells Fargo & Co (NYSE:WFC) by 28.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,727 shares of the financial services provider’s stock after selling 188,500 shares during the quarter. Wells Fargo & Co makes up about 6.7% of Magnolia Group LLC’s holdings, making the stock its 5th largest position. Magnolia Group LLC’s holdings in Wells Fargo & Co were worth $25,247,000 as of its most recent filing with the Securities & Exchange Commission.

  • [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.

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

Advisors’ Opinion:

  • [By ]

    Las Vegas (AP) — "Pawn Stars" patriarch, Richard Benjamin Harrison, who was known as "The Old Man," has died at age 77.

    Gold & Silver Pawn's Facebook page posted Monday that Harrison was surrounded by "loving family" this past weekend and died peacefully.

  • [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 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 ]

    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 ]

    Durango, Colo. (AP) — A growing wildfire burning in southwestern Colorado forced more people from their homes Sunday as crews tried to slow the blaze being fed by continued hot, dry and windy conditions.

  • [By ]

    Kabul, Afghanistan (AP) — A Taliban assault on the Intercontinental Hotel in Afghanistan's capital killed at least six people, including a foreigner, and pinned security forces down for more than 13 hours before the last attacker was killed on Sunday, with the casualty toll expected to rise.

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.

Top 10 Bank Stocks To Invest In 2019

Euro-area exports fell for the first time in five years at the start of 2018, dragging on economic growth, which slowed sharply in the period.

Updated first-quarter GDP data showed that government spending stagnated in the three months through March, while exports fell 0.4 percent and net trade proved a drag. The economy expanded 0.4 percent, down from 0.7 percent at the end of 2017, in line with the initial reading from the Eurostat office.

Export Drag

Euro-area economy saw exports fall at the start of 2018

Source: Eurostat

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As European Central Bank policy makers prepare for what could be a pivotal meeting next week where they’ll discuss the future of their bond-buying stimulus program, one key question is whether growth will stabilize at this new pace or continue to weaken. Factory data on Thursday from Germany, the euro region’s biggest economy, provide a reason for concern, as they showed manufacturing orders fell for a fourth straight month.

Top 10 Bank Stocks To Invest In 2019: 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 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.

Top 10 Bank Stocks To Invest In 2019: 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 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 10 Bank Stocks To Invest In 2019: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    Panama City, Fla. (AP) — A man suspected of trading wild bursts of gunfire with officers during a long standoff in the Florida Panhandle was found dead Tuesday in a gasoline-soaked apartment after an armored vehicle approached, authorities said.

  • [By Shane Hupp]

    Deutsche Bank AG boosted its holdings in Ampco-Pittsburgh Corp (NYSE:AP) by 117.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,599 shares of the industrial products company’s stock after purchasing an additional 10,578 shares during the quarter. Deutsche Bank AG’s holdings in Ampco-Pittsburgh were worth $242,000 at the end of the most recent quarter.

  • [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 BMW shows the 2018 BMW X3, a luxury compact SUV with more traditional design and a starting price of $41,995, including the destination fee. The Audi Q5 and the BMW X3 are two of the most popular compact luxury SUVs out today. Shoppers are typically drawn to the Q5 and the X3 because of their appealing mix of refinement, utility, safety and performance. (Photo: AP)

Top 10 Bank Stocks To Invest In 2019: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Jim Crumly]

    As for individual stocks, Wells Fargo & Company (NYSE:WFC) fell following the release of the bank’s latest quarterly results, and Gogo (NASDAQ:GOGO) plummeted after presenting turnaround plans that were less than convincing.

  • [By Chris Lange]

    And Wells Fargo & Co. (NYSE: WFC) is poised to post its most recent quarterly results Friday as well. The consensus forecast is $1.07 in EPS and $21.71 billion in revenue. Shares closed at $52.23 apiece. The consensus price target is $63.20, and the 52-week range is $49.27 to $66.31.

  • [By Joseph Griffin]

    Greenleaf Trust grew its holdings in Wells Fargo & Co (NYSE:WFC) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,065 shares of the financial services provider’s stock after acquiring an additional 2,547 shares during the quarter. Greenleaf Trust’s holdings in Wells Fargo & Co were worth $2,729,000 at the end of the most recent reporting period.

Top 10 Bank Stocks To Invest In 2019: 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.

Top 10 Bank Stocks To Watch Right Now

Commercial Metals (NYSE:CMC) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.60.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Commercial Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. Bank of America downgraded shares of Commercial Metals from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Commercial Metals in a research report on Friday, March 23rd. Finally, Macquarie raised shares of Commercial Metals from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Thursday, May 17th.

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

Advisors’ Opinion:

  • [By Garrett Baldwin]

    We’re about to reveal a little wealth secret that could unlock the trade of a lifetime.Money MorningSpecial 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 nations ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nations 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 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 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.

Top 10 Bank Stocks To Watch 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]

    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.

Top 10 Bank Stocks To Watch 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.

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

Advisors’ Opinion:

  • [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 ]

    The all-new Hyundai 2018 Kona, a subcompact crossover. (Photo: AP)

    When it comes to standard features, the Kona generally outpaces the EcoSport. Most items typically found on rivals are available on both SUVs, but the EcoSport requires that you add them as options or step up to the next trim level. The Kona widens its features lead by offering more advanced safety features (forward collision warning with automatic emergency braking, lane keeping assist and a driver attention monitor), a head-up display and a wireless charging pad. These are not available for any EcoSport.

  • [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 Shane Hupp]

    Deutsche Bank AG boosted its holdings in Ampco-Pittsburgh Corp (NYSE:AP) by 117.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,599 shares of the industrial products company’s stock after purchasing an additional 10,578 shares during the quarter. Deutsche Bank AG’s holdings in Ampco-Pittsburgh were worth $242,000 at the end of the most recent quarter.

  • [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 ]

    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.

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

Advisors’ Opinion:

  • [By Chris Lange]

    And Wells Fargo & Co. (NYSE: WFC) is poised to post its most recent quarterly results Friday as well. The consensus forecast is $1.07 in EPS and $21.71 billion in revenue. Shares closed at $52.23 apiece. The consensus price target is $63.20, and the 52-week range is $49.27 to $66.31.

  • [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 ]

    Wells Fargo & Co. (WFC) , the U.S. bank already reeling from sanctions by regulators over alleged customer abuses, faces additional penalties of as much as $1 billion to resolve allegations over matters including auto insurance and mortgage-sales practices.