Top Bank Stocks To Buy Right Now

SunPower (NASDAQ:SPWR) had its price objective reduced by Bank of America from $7.50 to $7.00 in a report published on Tuesday morning. They currently have a neutral rating on the semiconductor company’s stock.

A number of other research firms have also issued reports on SPWR. ValuEngine raised shares of SunPower from a sell rating to a hold rating in a research note on Wednesday, June 20th. BidaskClub raised shares of SunPower from a strong sell rating to a sell rating in a research note on Friday, September 21st. Credit Suisse Group raised shares of SunPower from a neutral rating to an outperform rating and boosted their target price for the company from $8.00 to $10.00 in a research note on Wednesday, September 19th. Robert W. Baird boosted their target price on shares of SunPower from $7.00 to $9.00 and gave the company a neutral rating in a research note on Wednesday, September 19th. Finally, JPMorgan Chase & Co. set a $9.00 target price on shares of SunPower and gave the company a hold rating in a research note on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $8.72.

Top Bank Stocks To Buy Right Now: HSBC Holdings PLC (HSBA)

Advisors’ Opinion:

  • [By Max Byerly]

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

  • [By Ethan Ryder]

    HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

  • [By Max Byerly]

    HSBC (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.

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

Advisors’ Opinion:

  • [By John Maxfield]

    Maxfield: I think we mixed up some numbers. Their revenue as a percent of assets is 4.92%, which is the highest in its peer group, and its peer group are the really large, too-big-to-fail banks, JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), plus other large regional banks. So that’s the largest with one exception, and that is Capital One (NYSE: COF). The reason that Capital One’s revenue is so high as a percentage of assets is because a very large portion of its loan portfolio consists of credit card loans, and those yield, as everybody knows, a lot more than, say, a home mortgage does. So its revenue as a percent of assets is the top in its peer group. But then, if you translate that over into profitability, that’s where that 1.1% return on assets is. When you’re talking about profitability for banks, there’s two measures that you want to look at: your return on assets and your return on equity. Return on assets is basically your unlevered profitability. Your return on equity is your levered profitability. Here’s the interesting thing about PNC, and this is one of the reasons that it doesn’t pop up a lot when investors are looking for the top-performing banks — it’s because their return on common equity last year was 8.58%. When you’re looking for a 10% return on equity, you think, that’s actually meaningfully below that standard industry benchmark that you want to see. But the reason that it’s below, as we see with its good return on assets, is just because it’s not very levered, which means it’s a very safe bank that’s still earning a lot of money if you look at it on a levered basis.

  • [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 ]

    TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer is bracing for earnings on Friday from JPMorgan Chase (JPM) , Citigroup (C) and Wells Fargo (WFC) .

  • [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 Max Byerly]

    Wall Financial Co. (TSE:WFC) Director Peter Ufford sold 900 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of C$28.00, for a total transaction of C$25,200.00.

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

Advisors’ Opinion:

  • [By ]

    Berlin (AP) — The U.N.'s nuclear watchdog says its top inspector has quit with immediate effect, just as the agency's work in Iran is once again in focus.

  • [By ]

    Anchorage, Alaska (AP) — A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

  • [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) — 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.

  • [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.

Top Bank Stocks To Buy 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 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 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 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

Top Bank Stocks To Buy 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 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

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