Friday, February 15, 2019

Best Bank Stocks To Watch Right Now

tags:HSBA,AP,WFC,CM,FCF,

Shares of Shire PLC (NASDAQ:SHPG) have received an average rating of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $208.25.

Several brokerages recently commented on SHPG. BidaskClub downgraded shares of Shire from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Cantor Fitzgerald set a $222.00 target price on shares of Shire and gave the stock a “buy” rating in a report on Tuesday, July 31st. Royal Bank of Canada reaffirmed a “buy” rating on shares of Shire in a report on Tuesday, May 8th. ValuEngine raised shares of Shire from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, Kepler Capital Markets reaffirmed a “buy” rating on shares of Shire in a report on Friday, May 11th.

Best Bank Stocks To Watch 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 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 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 (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.

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

Advisors' Opinion:
  • [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 ]

    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 ]

    This undated photo provided by Lexus shows the 2019 Lexus UX. The Lexus UX has a few distinct advantages: It has the lowest cost of entry in the class ($33,025), and it is currently the only one that comes in a hybrid version for increased fuel efficiency. (Courtesy of Toyota Motor Sales U.S.A. via AP) (Photo: AP)

  • [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

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

Advisors' Opinion:
  • [By ]

    Buffett's investment in banking is even more interesting that the overall over-weighting appears. Berkshire cut its position in Wells Fargo & Company (NYSE: WFC) to come in under 10% ownership last quarter but still holds $24.7 billion in shares, it's second-largest holding. At the industry-level, Berkshire added to its banking position with 3.7 million shares of US Bancorp (NYSE: USB) and 1.4 million shares of Bank of New York Mellon (NYSE: BK).

  • [By Matthew Frankel, CFP]

    Frankel: Obviously, I'll be watching all of the big banks reporting earnings. But Wells Fargo (NYSE:WFC) is one that I really have my eye on, just because their last quarterly report was so terrible. Last quarter, they missed expectations. I don't really pay too much attention to expectations, as we've said on the show. But their revenue dropped almost 3% year over year. Their deposit base is down 2%. The big takeaway is, as of the end of last quarter, there were no signs that their scandals and whatever have really begun to get into the past yet. So, I'm looking for that. 

  • [By Matthew Frankel]

    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.

Best Bank Stocks To Watch Right Now: 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 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 Ethan Ryder]

    Sigma Planning Corp boosted its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 7,383 shares of the bank’s stock after acquiring an additional 826 shares during the period. Sigma Planning Corp’s holdings in Canadian Imperial Bank of Commerce were worth $642,000 at the end of the most recent reporting period.

Best 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

  • [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

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