Top Bank Stocks For 2019

The S&P 500 is up only 6% year-to-date. That is good but not great relative to 2017’s near 20% return. That being said, 2018 has had its fair share of big winners.

One of those big winners is diamond and jewelry retailer Tiffany (NYSE:TIF). TIF stock is up 30% YTD, thanks largely to improved macroeconomic factors boosting jewelry demand and the company’s big marketing efforts growing brand awareness.

The combination of those two tailwinds has powered strong operating results for Tiffany over the past several quarters, and those strong results have pushed TIF stock to all-time highs.

But, the investment community is growing cautious on TIF stock at these levels.

Edward Jones downgraded TIF stock to “Hold” in late June. Bank of America Merrill Lynch scratched TIF stock off its top-buy list in early July. And most recently, Oppenheimer cut TIF stock to a “Perform” rating in early August.

The reasoning behind the sudden caution? TIF stock has come very far, very fast. Valuation is above historical levels. And, go-forward growth prospects aren’t all that great, especially considering recent yuan devaluation (the devaluation gives Chinese tourists, a big demographic for Tiffany, less buying power).

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

Advisors’ Opinion:

  • [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 Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

  • [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.

  • [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

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

Advisors’ Opinion:

  • [By ]

    New York (AP) — Jay-Z has spent a long afternoon at the New York offices of the Securities and Exchange Commission.

    The rapper and entrepreneur was scheduled to spend much of the day Tuesday answering questions from SEC investigators as part of their probe of the Iconix Brand Group.

  • [By ]

    This undated photo provided by General Motors shows the 2018 Chevrolet Tahoe, which can be had in the Fort Lauderdale area during Labor Day sales with a discount of $12,500. (Courtesy of General Motors via AP) (Photo: AP)

  • [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 ]

    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 ]

    This undated photo provided by Hyundai shows the 2018 Hyundai Ioniq Electric, an affordable electric car that gets 124 miles of range on a charge. (Hyundai North America via AP) (Photo: AP)

  • [By ]

    Kraft Heinz disclosed it has received a subpoena from the SEC as part of an investigation into the company's procurement accounting policies. (Photo11: AP)

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

Advisors’ Opinion:

  • [By Travis Hoium]

    Companies that get a bad reputation from consumers often do so because they don’t have to make their experience better to keep customers. Great examples of this are a cable company that operates as a monopoly in many areas, like Comcast (NASDAQ:CMCSA), or a bank you just can’t get away from, like Wells Fargo (NYSE:WFC). Or even a company with all kinds of data about you that doesn’t seem to manage that data carefully, like Equifax Inc. (NYSE:EFX). 

  • [By Sean Williams]

    Another brand-name stock that found itself on the chopping block during the second quarter was embattled money-center bank Wells Fargo (NYSE:WFC). In particular, the Oracle of Omaha, Warren Buffett, wound up selling almost 4.5 million shares of Wells Fargo, while Leon Cooperman’s Omega Advisors sold its entire position, which amounted to 412,500 shares. Andreas Halvorsen of Viking Global came in with the exclamation point: the liquidation of its 12.8 million share position in the second quarter.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) released its second-quarter financial results before the markets opened on Friday. The company said that it had $0.98 in earnings per share (EPS) and $21.6 billion in revenue, while consensus estimates had called for $1.12 in EPS on revenue of $21.68 billion. The same period of last year reportedly had EPS of $1.08 and $22.17 billion in revenue.

  • [By Jordan Wathen, Matthew Frankel, and Sean Williams]

    Below, three Motley Fool investors explain why they believe Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB), and Wells Fargo (NYSE:WFC) are the best bank stocks to buy in July.

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