Top 5 Bank Stocks For 2019


&l;p&g;In recent decades, home ownership has become much harder to attain for&a;nbsp;most Americans. Housing costs absorb&a;nbsp;an ever-growing percentage&a;nbsp;of&a;nbsp;take-home incomes, to the point &l;a href=&q;https://www.gobankingrates.com/making-money/states-most-likely-to-live-paycheck-to-paycheck/&q; target=&q;_blank&q;&g;where living paycheck to paycheck becomes the norm&l;/a&g; and saving for the future an abnormality. Fortunately, &l;span&g;according to a new&a;nbsp;study by &l;a href=&q;https://www.gobankingrates.com&q; target=&q;_blank&q;&g;GOBankingRates&l;/a&g;,&a;nbsp;&l;/span&g;all is not lost for the would-be homeowner.

Analyzing home prices, mortgage rates and mortgage payments from&a;nbsp;thousands of markets, this study found the top cities across&a;nbsp;the U.S.&a;nbsp;where you can own a home for $1,000 or less a month. To determine mortgage payments, the report&a;nbsp;assumed a house bought for the current median list price with 20% down and the average mortgage rate for the state, according to &l;a href=&q;https://www.zillow.com/mortgage-rates/&q; target=&q;_blank&q;&g;Zillow&l;/a&g;.

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


Advisors’ Opinion:

  • [By Sean Williams]

    Meanwhile, big banks like Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) combined for more than $83 billion in buybacks after they passed the Fed’s stress test with flying colors. Wells Fargo topped the list, with $24.5 billion in announced buybacks followed by JPMorgan Chase’s $20.7 billion, Bank of America’s $20.6 billion, and Citigroup’s $17.6 billion in repurchases not far behind. 

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Wells Fargo & Co (WFC)

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

  • [By Motley Fool Staff]

    He sold about $260 million worth of Wells Fargo (NYSE:WFC). Don’t make the mistake of reading into that too much. Buffett did not sell Wells Fargo because he has any issue with a business. This is another issue where he wants to maintain a stake under 10% to be regulatory compliant. Berkshire owns about 9.3% of Wells Fargo right now. Buffett also owns some shares in his personal portfolio. To remain under the 10% threshold as Wells Fargo buys back some of its own stock, Buffett needs to sell some of Berkshire’s shares to keep his stake proportionally low. This is a very small amount. Even though it says it’s $260 million, it’s less than 1% of Berkshire’s Wells Fargo holdings.

  • [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).


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Top 5 Bank Stocks For 2019: 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 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 5 Bank Stocks For 2019: 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.

  • [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 Bank Stocks For 2019: 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 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

  • [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 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.

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


Advisors’ Opinion:

  • [By ]

    This undated photo provided by Volkswagen shows the 2019 Volkswagen Jetta. While automakers still offer inexpensive utilitarian trim levels of small cars, they are increasingly creating high-end, luxury-like versions as well. With its newly redesigned Jetta, for example, Volkswagen is betting that a surprising range of gadgets and features will get buyers into the showroom. (Photo: AP)

  • [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)

  • [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 ]

    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 ]

    This undated photo provided by Honda shows the 2019 Honda Insight, which returns to the U.S. after a five-year absence. It now more closely resembles Honda's Civic and Accord models. (Courtesy of American Honda Motor Co. via AP) (Photo: AP)

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