Betsy Graseck

Wells Fargo & Co (NYSE: WFC) Friday reported better-than-expected results for its first quarter, triggering some price target changes by analysts. Here are some other key analyst takeaways from the earnings call. Oppenheimer On Wells Fargo Analyst Chris Kotowski maintained a Perform rating on...

Shares of JPMorgan Chase & Co (NYSE: JPM) Friday climbed on first-quarter revenue and earnings beat. Keefe, Bruyette & Woods On JPMorgan Chase Analyst David Konrad maintained a Market Perform rating, while raising the price target from $131 to $155. JPMorgan Chase’s “standout...

American Express Company (NYSE: AXP) Wednesday announced plans to expand its partnership with consumer credit bureau Nova Credit, taking the company’s stock briefly higher as markets opened. American Express’s high-quality loan book, solid revenue growth and moderating expenses are...

Discover Financial Services (NYSE: DFS) is among the few companies that have substantial excess capital and hopes to resume share buybacks in the final quarter of 2022, according to Morgan Stanley. The Analyst: Betsy Graseck upgraded the rating for Discover Financial Services from Equal-Weight to...

Goldman Sachs Group Inc (NYSE: GS) reported a decline in both sales and profits for the second quarter, but both figures surpassed expectations. Morgan Stanley On Goldman Sachs: Analyst Betsy Graseck maintained an Equal-Weight rating on the stock, while keeping the price target unchanged at $354....

JPMorgan Chase & Co. (NYSE: JPM) reported its second-quarter revenues at $30.7 billion, missing Street expectations of $31.81 billion, and earnings of $2.76 per share, short of the consensus estimate of $2.92 per share. RBC Capital Markets On JPMorgan: Analyst Gerard Cassidy maintained an...

Citigroup Inc’s (NYSE: C) prospects have been hurt by the lack of near-term catalysts and the negative impact of de-globalization, according to Morgan Stanley. The Citigroup Analyst: Betsy Graseck downgraded Citigroup from Equal-Weight to Underweight, while reducing the price target from $75...

Wells Fargo & Co (NYSE: WFC) could be one of the “clear winners” of the Federal Reserve's earlier-than-anticipated interest rate hikes, according to Morgan Stanley. The Wells Fargo Analyst: Betsy Graseck upgraded the rating for Wells Fargo from Equal-Weight to Overweight ...

SoFi Technologies Inc (NASDAQ: SOFI) is likely to generate strong revenue growth as it gains a share in the consumer financial services wallet, according to Morgan Stanley. The SoFi Technologies Analyst: Betsy Graseck initiated coverage of SoFi Technologies with an Overweight rating and a price...

Earnings season kicks off this week and many of the big banks are set to report quarterly financial results.  Earnings will probably be better-than-expected, but the outlook for net interest income is likely to be guided down, Morgan Stanley analyst Betsy Graseck said Monday on CNBC...

Morgan Stanley is overall bullish on bank stocks in 2021, but downgraded three of the largest Monday. The Analyst: Morgan Stanley analyst Betsy Graseck issued the following ratings changes among large-cap banks and consumer finance stocks: Synchrony Financial (NYSE: SYF) upgraded from...

Shares of Ally Financial Inc (NYSE: ALLY) have more than doubled in value since bottoming at $10.22 in March, but the stock "still has more room to run," according to Morgan Stanley. The Ally Financial Analyst Betsy Graseck maintains an Overweight rating on Ally Financial's stock with...

Ally Financial Inc (NYSE: ALLY) will benefit from an economic recovery, as it will create more jobs and therefore spur more driving and higher auto sales, according to Morgan Stanley.  The Ally Analyst Betsy Graseck upgraded Ally Financial from Equal-weight to Overweight and raised the price...

Wells Fargo & Co (NYSE: WFC)’s new CEO should bring some needed stability as the bank tries to get out from under regulatory restrictions, but a return to growth won’t happen overnight, sell-side analysts said from the sidelines Monday.  The bank announced Friday that Charlie...

Morgan Stanley cited strong revenue and earnings growth and strong consumer card use in a Thursday upgrade of American Express Company (NYSE: AXP).  The Analyst Betsy Graseck upgraded AmEx from Equal Weight to Overweight and raised the target price from $123 to $140. The Thesis...