Top Bank Stocks To Watch For 2018

Retirement savers who work with Merrill Lynch will no longer be able to pay their broker a commission, the latest example of how new rules on retirement accounts are roiling the wealth-management industry.

The Bank of America Corp.
BAC, -0.78%
brokerage unit told its more than 14,000 brokers on Thursday that after April 10 investors who want a retirement account at Merrill will need to pay a fee based on a percentage of their assets, instead of having the option of being charged for each transaction made in their account.

Top Bank Stocks To Watch For 2018: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [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.

Top Bank Stocks To Watch For 2018: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    El-Arish, Egypt (AP) — Egyptian security officials say a roadside bomb has targeted a pickup truck carrying members of the security forces in the turbulent north of the Sinai Peninsula, killing two.

  • [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

  • [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.

Top Bank Stocks To Watch For 2018: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Douglas A. McIntyre]

    Wells Fargo & Co. (NYSE: WFC), plagued by a long list of banking rule violations and hundreds of millions of dollars in government penalties, has launched a new marketing campaign:

  • [By John Maxfield]

    Maxfield: I think we mixed up some numbers. Theirrevenue as a percent of assets is4.92%, which is the highest in its peer group, and itspeer group are the really large, too-big-to-fail banks,JPMorgan Chase(NYSE: JPM), Citigroup(NYSE: C), Bank of America(NYSE: BAC), Wells Fargo(NYSE: WFC), plusother large regional banks. So that’s the largestwith one exception, and that isCapital One(NYSE: COF). The reason that Capital One’srevenue is so high as a percentage of assets is because a very largeportion of its loan portfolioconsists of credit card loans, and those yield,as everybody knows, a lot more than, say, a homemortgage does. So its revenue as a percent of assets isthe top in its peer group. But then,if you translate that over intoprofitability,that’s where that 1.1% return on assets is. When you’retalking about profitability for banks, there’stwo measures that you want to look at: yourreturn on assets andyour return on equity. Return on assets is basically yourunlevered profitability. Your return on equity is your leveredprofitability. Here’s the interesting thing about PNC, andthis is one of the reasons that it doesn’t pop up a lot wheninvestors are looking for the top-performing banks — it’s because theirreturn on common equity last year was8.58%. When you’relooking for a 10% return on equity, you think, that’sactually meaningfully below that standard industry benchmark that you want to see. But the reason that it’s below,as we see with its good return on assets,is just because it’s not very levered,which means it’s a very safe bank that’sstill earning a lot of money if you look at it on a levered basis.

  • [By Jayson Derrick]

    During the year the fiscal year the fund also added to its positions in Wells Fargo & Co (NYSE: WFC),, Inc. (NASDAQ: AMZN), and Exxon Mobil Corporation (NYSE: XOM). Of particular note, the fund increased its exposure in China's Alibaba Group Holding Ltd (NYSE: BABA) by nearly 85 percent to 127 billion yen.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) has consensus estimates of$1.00 in EPS and revenue of $22.47 billion. The fourth quarter of last year reportedly EPS of had $1.03 and $21.59 billion in revenue.

Top Bank Stocks To Watch For 2018: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:


    The last year Netflix generated positive free cash flow (FCF), was 2010, which happens to coincide with the year it began significantly increasing its content library, per Figure 2 above. Since then, Netflix has burned through cumulative $3.6 billion in cash, per Figure 3, and the cash burn is only accelerating. In 2015, NFLX’s FCF sat at -$1.6 billion, and over the last twelve months, FCF has worsened to -$1.9 billion.

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