Bruyette & Woods

Following a sharp rebound, Square Inc’s (NYSE: SQ) shares already reflect the company’s strong growth so far and the presence of significant market opportunity, while there exists execution risk to achieve elevated expectations, Keefe, Bruyette & Woods’ Steven Kwok said in a...

IBERIABANK Corp (NASDAQ: IBKC) seems to have reached an “inflection point” from where there would likely be upward estimate revisions, Keefe, Bruyette & Woods’ Catherine Mealor said in a report. She upgraded the rating on the company from Market Perform to Outperform, while...

LendingClub Corp (NYSE: LC) reported healthy 1Q16 earnings. Keefe, Bruyette & Woods’ Julianna Balicka downgraded the rating for the company from Market Perform to Underperform, while reducing the price target from $15 to $2. “A pretty decent 1Q16 result in a challenging quarter...

BATS Global Markets, Inc. (BATS: BATS) has returned to volume growth in cash equities, with easing competition. Keefe, Bruyette & Woods’ Kyle K. Voigt initiated coverage of the company with an Outperform rating and a price target of $30.50. The analyst expressed optimism regarding BATS...

Citigroup Inc (NYSE: C) reported better-than-expected 1Q16 results due to one-time gains from the sale of a business during the quarter. Keefe, Bruyette & Woods’ Brian Kleinhanzl downgraded the rating for the company from Outperform to Market Perform, with a price target of $51. Path...

Keefe, Bruyette & Woods’ Ryan Lynch said that the BDC group is currently trading at a substantial discount to book value, and appears undervalued in case the sluggish to flat growth projections continue for the US. He added, however, that there could be additional pressure on shares in...

Northstar Realty Finance Corp (NYSE: NRF) shares have been on a downward trajectory for three months, and have lost 50 percent since November 9. Keefe, Bruyette & Woods’ Jade J. Rahmani downgraded the rating for the company from Outperform to Market Perform, while reducing the...

Amid volatility, WisdomTree Investments, Inc. (NASDAQ: WETF) shares have lost 56 percent since August 10. Keefe, Bruyette & Woods’ Robert Lee downgraded the rating for the company from Market Perform to Underperform, while reducing the price target from $13.50 to $10.00....

Shares of American Express Company (NYSE: AXP) have declined 27.3 percent over the past year, reaching a low of $62.64 on Thursday. Sanjay Sakhrani of Keefe, Bruyette & Woods has downgraded the rating on the company from Outperform to Market Perform, while lowering the price target from...

Having declined over the past one month, Wells Fargo & Co (NYSE: WFC) shares are down 6 percent since December 14. Keefe, Bruyette & Woods’ Christopher Mutascio upgraded the rating for the company from Market Perform to Outperform, while establishing a price target of $60....

The share price of Washington Trust Bancorp (NASDAQ: WASH) has appreciated 3.09 percent over the past three months, although the stock has been volatile all year. Travis Lan of Keefe, Bruyette & Woods has upgraded the rating on the company from Market Perform to Outperform, while raising...

Goldman Sachs Group Inc (NYSE: GS) shares are down 8 percent YTD, Morgan Stanley (NYSE: MS) shares have lost 18 percent, and Citigroup Inc (NYSE: C) are down 4 percent. Keefe, Bruyette & Woods’ Brian Kleinhanzl maintained Market Perform ratings on Goldman Sachs and Morgan Stanley,...

Shares of Piper Jaffray Companies (NYSE: PJC) are up 17 percent since November 11, while JMP Group Inc. (NYSE: JMP) shares are down 12 percent over the same period. Keefe, Bruyette & Woods’ Joel Jeffrey downgraded the ratings on both the companies from Outperform to Market Perform...