Top 10 Bank Stocks For 2019


Bob Doll Explains How Stocks Could Be Derailed

Mercer Bullard: Think DOLs Fiduciary Rule Is Too Strict? Blame SEC

Gundlach Sounds Fed Alarm, Warns of Selloff Near Inauguration Day

The U.S. Department of Education has two quite different roles in the lives of indebted former students. The same bureaucracy that must safeguard taxpayer dollars by collecting $1.1 trillion in loans also oversees the nation’s largest-ever effort to forgive student debt.

These dual roles have culminated in a strange situation. The Obama administration has repeatedly promised that borrowers eligible to have their student loans cancelled would be reimbursed for “every penny.” But for months, the Education Department has been actively working to collect on federal student debt owed by tens of thousands of former students at Corinthian Colleges Inc., which filed for bankruptcy in 2015 under a cloud of fraud investigations.


“The department is not collecting on loans from borrowers that it knows are eligible” for fraud-based debt cancellations, said Kelly Leon, an Education Department spokeswoman. Leon said the department had corrected errors after identifying them and that education officials believe “nobody should be in collections for a loan that is eligible to be discharged.” The department worked with state prosecutors because they have resources the department doesn’t have, Leon said. She declined to answer numerous questions submitted in writing or provide further comment addressing Bloomberg News’s findings. 

Top 10 Bank Stocks For 2019: Ampco-Pittsburgh Corporation(AP)


Advisors’ Opinion:

  • [By ]

    This undated photo provided by Ford shows the 2018 Ford Transit Connect, an example of a small cargo van. The Transit Connect's cargo van variant comes in two trims, the basic XL and the XLT, as well as an extended-wheelbase model that has additional space for cargo. And the Transit Connect has a notable advantage: It offers technology features such as Ford's Sync 3 infotainment system, blind-spot monitoring and adaptive fog lights. (Photo: AP)

  • [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 ]

    Des Moines, Iowa (AP) — It's been a billion-dollar lottery weekend after a lone Powerball ticket sold in New Hampshire matched all six numbers and will claim a $570 million jackpot, one day after another single ticket sold in Florida nabbed a $450 million Mega Millions grand prize.

  • [By ]

    Putrajaya, Malaysia (AP) — Malaysia's government will sell much of the huge stash of jewelry and luxury goods, including diamond necklaces, tiaras and designer handbags that were seized in a money-laundering probe of former leader Najib Razak, Finance Minister Lim Guan Eng told The Associated Press on Friday.

Top 10 Bank Stocks For 2019: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest shrank to 29.85 million shares from the previous reading of 31.68 million. Shares were trading at $52.50, within a 52-week range of $49.27 to $66.31.

  • [By Matthew Frankel]

    Wells Fargo (NYSE:WFC) has had an eventful couple of years, and not in a good way. The bank’s public perception has been rocked by three major scandals, including the infamous fake-accounts scandal, which has not only resulted in sub-par business performance, but has resulted in a string of penalties, fines, and consumer refunds as well.

  • [By Motley Fool Staff]

    Wells Fargo and Company (NYSE:WFC)Q1 2018 Earnings Conference CallApril 13, 2018, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


    Operator

  • [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.

Top 10 Bank Stocks For 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 For 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 For 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 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 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 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 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.