Top 10 Bank Stocks To Watch For 2019

JPMorgan Chase is fighting back against hate groups by donating $1 million to nonprofits that expose extremists.

The nation’s largest bank announced on Monday that it is giving $1 million to be split equally by the Southern Poverty Law Center and the Anti-Defamation League.

The donations are part of an effort to address “deep divisions” in the U.S. following a violent white supremacist protest in Charlottesville, Virginia this month, the bank said.

“The events in Charlottesville have increased the urgency to confront hate, intolerance and discrimination wherever it exists,” Peter Scher, JPMorgan’s head of corporate responsibility, wrote in a memo to employees.

JPMorgan (JPM) said it has previously given to both groups, which the bank praised for “tracking, exposing and fighting hate groups and other extremist organizations across the country.”

Founded in 1971, the Southern Poverty Law Center is a nonprofit legal group that fights bigotry, monitors hate groups and works to protect the most vulnerable members of society. The Anti-Defamation League, started in 1913, works to “fight anti-Semitism and all forms of hate.”

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

Advisors’ Opinion:

  • [By Matthew Frankel]

    So it may seem like scandal-plagued banking giant Wells Fargo (NYSE:WFC) might be right up my alley. Because of the bank’s infamous fake-accounts scandal and other issues, Wells Fargo has significantly underperformed its peers and may look attractive to bargain-seeking investors.

  • [By Jordan Wathen]

    Wells Fargo (NYSE:WFC) is often described as America’s largest community bank, but I don’t think most people really understand the accuracy of that descriptor. If you examine it on a branch-by-branch basis, it really is a community bank, size and all.

  • [By Jordan Wathen]

    Wells Fargo (NYSE:WFC) customers who live in Indiana, Michigan, and Ohio will soon see a new logo on their monthly statements.The bank decided to cut and run from retail branch banking in these three states in an effort to cull lower-performing branches from its network.

Top 10 Bank Stocks To Watch For 2019: 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 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 10 Bank Stocks To Watch For 2019: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [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 Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

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  • [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 10 Bank Stocks To Watch For 2019: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [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.

  • [By ]

    The all-new Hyundai 2018 Kona, a subcompact crossover. (Photo: AP)

    When it comes to standard features, the Kona generally outpaces the EcoSport. Most items typically found on rivals are available on both SUVs, but the EcoSport requires that you add them as options or step up to the next trim level. The Kona widens its features lead by offering more advanced safety features (forward collision warning with automatic emergency braking, lane keeping assist and a driver attention monitor), a head-up display and a wireless charging pad. These are not available for any EcoSport.

  • [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

Top 10 Bank Stocks To Watch For 2019: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Max Byerly]

    Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.

  • [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 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.

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