Top Bank Stocks For 2019

&l;a href=&q;http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=hsbc&a;amp;tab=searchtabquotesdark&q; target=&q;_blank&q;&g;HSBC&l;/a&g; recently unveiled the &l;a href=&q;https://www.hsbc.com/-/media/hsbc-com/investorrelationsassets/hsbc-results/2018/strategy-update/pdf/180611-investor-strategy-presentation.pdf&q; target=&q;_blank&q;&g;growth strategy it intends to pursue over the coming years&l;/a&g;. The growth plan marks the end of the large-scale reorganization the geographically diversified banking giant has been undergoing since 2011 &a;ndash; something that resulted in a reduction in its global footprint through the disposal of many loss-making and non-core units worldwide. While the reorganization plan was essential given the changes in global regulatory requirements since the economic downturn, it led to a steady decline in revenues for HSBC over the years.

The bank is now aiming to grow its top line over the coming years by focusing its efforts on high-growth areas while keeping costs low and reallocating capital more efficiently. We capture the impact of the growth plan on various aspects of HSBC&a;rsquo;s business model as a part of &l;strong&g;&l;a href=&q;http://dashboards.trefis.com/no-login-required/1yzCDqcS?fromforbesandarticle=a-detailed-look-at-how-hsbcs-new-growth-plan-impacts-its-key-value-drivers&q; target=&q;_blank&q;&g;our interactive dashboard for the bank&l;/a&g;&l;/strong&g;, parts of which are shown below (and see more about how &l;a href=&q;https://www.trefis.com?fromforbesandarticle=a-detailed-look-at-how-hsbcs-new-growth-plan-impacts-its-key-value-drivers&q; target=&q;_blank&q;&g;Trefis technology&l;/a&g; is used by CFOs, institutional investors and private equity firms).

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

Advisors’ Opinion:

  • [By Shane Hupp]

    Dupont Capital Management Corp trimmed its position in shares of Wells Fargo (NYSE:WFC) by 84.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,092 shares of the financial services provider’s stock after selling 163,405 shares during the period. Dupont Capital Management Corp’s holdings in Wells Fargo were worth $1,577,000 at the end of the most recent quarter.

  • [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.

  • [By Sean Williams]

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

  • [By ]

    2. Low Debt Levels
    By looking through his previous success stories like Coca-Cola (NYSE: KO), American Express (NYSE: AXP), and Wells Fargo (NYSE: WFC), it is clear that Buffett carefully examines a company’s balance sheet, and prefers to invest in those with relatively modest debt burdens.

  • [By Shah Gilani]

    But the regulations didn’t stop one of the country’s biggest banks, Wells Fargo & Co. (NYSE: WFC), from committing criminal activity on a scale that’s simply unimaginable.

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

Advisors’ Opinion:

  • [By ]

    St. Louis (AP) — The 100th edition of the PGA Championship began Thursday for the last time in the stifling heat of summer.

    Club pro Michael Block hit the opening tee shot down the middle at Bellerive Country Club. The course is playing long and soft because of rain on Tuesday and temperatures in the 90s that require PGA officials to keep water on the greens.

  • [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 ] 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.

  • [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 ]

    London (AP) — The British government said Sunday it is scrapping a promise to reconsider the ban on fox hunting, a centuries-old rural tradition contentiously outlawed more than a decade ago.

  • [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.

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

Advisors’ Opinion:

  • [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]

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

  • [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

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