Top 5 Bank Stocks To Watch Right Now

Copeland Capital Management LLC reduced its stake in shares of Home Depot Inc (NYSE:HD) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,023 shares of the home improvement retailer’s stock after selling 5,866 shares during the quarter. Copeland Capital Management LLC’s holdings in Home Depot were worth $6,956,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Parametric Portfolio Associates LLC grew its stake in shares of Home Depot by 2.8% during the third quarter. Parametric Portfolio Associates LLC now owns 3,263,114 shares of the home improvement retailer’s stock valued at $533,715,000 after buying an additional 87,637 shares during the last quarter. Atlantic Trust Group LLC grew its stake in shares of Home Depot by 38.3% during the third quarter. Atlantic Trust Group LLC now owns 1,630,461 shares of the home improvement retailer’s stock valued at $266,679,000 after buying an additional 451,487 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Home Depot by 9.1% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 52,570 shares of the home improvement retailer’s stock valued at $9,964,000 after buying an additional 4,379 shares during the last quarter. Washington Trust Bank grew its stake in shares of Home Depot by 1.8% during the fourth quarter. Washington Trust Bank now owns 45,580 shares of the home improvement retailer’s stock valued at $8,639,000 after buying an additional 809 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Home Depot by 1.2% during the fourth quarter. Fulton Bank N.A. now owns 24,584 shares of the home improvement retailer’s stock valued at $4,659,000 after buying an additional 291 shares during the last quarter. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

Top 5 Bank Stocks To Watch Right Now: 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 5 Bank Stocks To Watch Right Now: 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 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 5 Bank Stocks To Watch Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [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 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 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 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.

Top 5 Bank Stocks To Watch Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By ]

    Gold. The rise in gold looks solid. I’m currently long the SPDR Gold Shares ETF (GLD) . Lackluster Banks. We’re seeing disappointing action in the financials. However, I continue to buy them. I’m long Bank of America (BAC) , Citigroup (C) , JPMorgan Chase (JPM) and Wells Fargo (WFC) , although I’m shorting Goldman Sachs (GS) .

    Lastly, with S&P 500 closing at 2,706, the downside risk relative to the upside reward seems to argue in favor of maintaining a net-short exposure.

  • [By Garrett Baldwin]

    Shares of General Electric Co. (NYSE: GE) are in focus after the company reported earnings before the bell. GE stock popped 5.6% after the firm topped earnings per share (EPS) estimates by $0.05 and backed its 2018 outlook. The firm reported EPS of $0.16 on top of $28.66 billion in revenue. GE stock had been off nearly 18% from its last earnings report on January 24 due to ongoing financial and legal problems.
    Crude oil prices dipped Friday after U.S. President Donald Trump took aim at OPEC. Trump accused the cartel of keeping oil prices “artificially high” despite “record amounts of oil all over the place.” Brent crude and WTI crude oil both hit three-year highs this week after Saudi Arabia suggested that it was working to press oil prices back above $100 per barrel.
    Three Stocks to Watch Today: PM, MO, WFC
    Shares of Philip Morris International Inc.(NYSE: PM) fell this morning after the firm experienced its worst trading day since its spin-off from Altria Group Inc. (NYSE: MO). Shares of PM fell as much as 16% after the firm fell short of revenue expectations after the bell. MO stock fell roughly 6% on the day.
    Shares of Wells Fargo & Co. (NYSE: WFC) are under pressure after The New York Times reported that the firm may be facing a $1 billion fine. The fines would cover a variety of “alleged” misdeeds that include the firm’s push on customers to purchase auto insurance they didn’t need and charging mortgage customers fees for services that they were not using. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will most likely announce the fine today. Money MorningCapital Wave StrategistShah Gilani weighed in on the topic this week, and he offers a scorching indictment.
    Qualcomm Inc. (Nasdaq: QCOM) is on the move today after the semiconductor giant announced plans to lay off 1,500 employees. The cuts are expected to hit employees in California and cities around the globe. The cuts are part of the fi

  • [By Wayne Duggan]

    Within a year and a half of the A.G. Edwards deal, Wachovia’s market cap had fallen by $100 billion. By the time Wells Fargo & Co (NYSE: WFC) took over Wachovia in October 2008, the buyout cost them just $15 billion.

  • [By Garrett Baldwin]

    Earnings season will kick into high gear today with the release of multiple reports from three of the nation’s top financial institutions. JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co.(NYSE: WFC), and Citigroup Inc. (NYSE: C) will all be in the spotlight today. U.S. President Donald Trump could be shaking up trade policy. However, it isn’t NAFTA or tariffs with China that are headlining the story. According to reports, Trump has requested his advisors explore American reentry into the Transpacific Partnership (TPP). President Trump pulled the United States out of TPP shortly following his inauguration. The recommendation comes after lawmakers from ag-producing states discussed the impact of leaving the deal with the administration. The decision to reenter the TPP would be very valuable to states that produce the bulk of U.S. wheat given that it would allow exporters to avoid tariffs of $65 per tonne to Japan, which is the largest export market for American wheat. Leading nations of the pact, such as Japan and Australia, reacted coolly to the president’s pivot but did not rule out the possibility of American reentry. Facebook Inc. (Nasdaq: FB) is still in focus across the financial world. Facebook CEO Mark Zuckerberg appeared before Congress two times this week to address his firm’s ongoing data scandal involving consulting firm Cambridge Analytica. Congress’ failure to understand how the Internet works and Facebook’s business model was on full display, but Zuckerberg was able to maintain his composure as he answered questions over the two-day period.
    Stocks to Watch Today: JPM, WFC, C
    Shares of JPMorgan Chase & Co. (NYSE: JPM) are in focus as the bank prepares to report Q1 earnings before the bell. JPM stock added 1.1% despite falling short of profit expectations. Wall Street anticipated that the firm would report earnings per share (EPS) of $2.28 on top of $27.53 billion in revenue. The firm reported EPS of $2.26; however, it reported

  • [By ]

    When long-time, sometimes controversial bank analyst Mike Mayo speaks it’s often wise for investors to listen. Recently plucked up by Wells Fargo (WFC)  to cover the banking space, Mayo is fresh off a meeting with top Goldman Sachs (GS)  management, including CEO Lloyd Blankfein. Mayo’s mention of a possible “revenue breakout” in a new note dropped in our email box Tuesday is attention-grabbing (if not a reason to trade Action Alerts PLUS holding Goldman).

  • [By Chris Lange]

    And Wells Fargo & Co. (NYSE: WFC) is poised to post its most recent quarterly results Friday as well. The consensus forecast is $1.07 in EPS and $21.71 billion in revenue. Shares closed at $52.23 apiece. The consensus price target is $63.20, and the 52-week range is $49.27 to $66.31.

Top 5 Bank Stocks To Watch Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    The 2018 Infiniti Q50, a luxury sedan that has a significant discount going into Memorial Day weekend. Though it's not as polished as some rivals, the Q50 is stylish and desirable all the same. (Photo: AP)

  • [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 ]

    New York (AP) — The bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said.

  • [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 ]

    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.

  • [By ]

    Charlotte, N.C. (AP) — People familiar with the situation say hedge fund manager David Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *