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CIT Group's Asset Sale Adds 2% Upside To Shares, Says BMO Analyst
Monday, October 10, 2016 - 12:44pm | 242Read More...James Fotheringham of BMO Capital Markets now sees 2 percent upside in CIT Group Inc. (NYSE: CIT) shares as he raised his price target by $5 to $37 following the company's decision to sell Commercial Air business. CIT is selling its Commercial Air business to Avolon Holdings for $10.0...
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Prospect Capital's Strong Performance Not Expected To Continue, Says BMO
Wednesday, August 31, 2016 - 3:32pm | 368Read More...BMO is not expecting the strong performance of Prospect Capital Corporation (NASDAQ: PSEC) shares to continue, given the brokerage's outlook for flat NAV and rising inflation expectations. BMO, which maintains its Market Perform rating and $7 price target on the stock, said Prospect Capital was the...
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4 Reasons Why You Should Buy Mastercard Ahead Of Q2 Earnings
Monday, July 11, 2016 - 3:09pm | 314Read More...BMO analysts have urged investors to buy Mastercard Inc (NYSE: MA) ahead of its second-quarter earnings on July 28. Wall Street expects Mastercard to earn $0.90 a share on revenue of $2.59 billion for the second quarter. Analyst James Fotheringham listed four reasons why investors should buy...
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Capital One And Synchrony Are BMO's Top Consumer Finance Picks
Friday, July 1, 2016 - 10:34am | 298Read More...BMO Capital's James Fotheringham argued consumer finance stocks were among the most undervalued sectors since the United Kingdom voted for its independence. "Post-Brexit, domestic consumer lenders are our favored stocks within our coverage universe of U.S. Large-cap Banks and Specialty Finance...
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BMO Predicts Improvement In Credit Trends, Recommends 7 Stocks
Tuesday, June 21, 2016 - 2:43pm | 354Read More...BMO predicts an improvement in the system-wide fundamental credit quality over the next year-and-a-half and suggests "Value versus Growth" analysis remains the best way to generate investment ideas. BMO's call comes as the system-wide fundamental credit quality this quarter...
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BMO Calls Market Response To Synchrony Guidance An Overreaction
Wednesday, June 15, 2016 - 4:05pm | 282Read More...BMO Capital says the 15 percent drop in Synchrony Financial (NYSE: SYF) shares after the company revised its new credit guidance is an overreaction. Furthermore, the recent pullback creates a "compelling" buying opportunity. However, the shares recovered about 3 percent Wednesday. "SYF shareholders...
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BMO: Citigroup Has 40% Upside
Monday, April 18, 2016 - 11:44am | 232Read More...Citigroup Inc (NYSE: C) recently reported 1Q16 EPS of $1.10. BMO Capital Markets’ James Fotheringham maintained an Outperform rating on the company, while raising the price target from $61 to $63. The new price target implies an upside of 40 percent. Fotheringham mentioned that Citigroup...
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Why Are CIT Group Analysts So Concerned?
Monday, March 28, 2016 - 1:53pm | 338Read More...CIT Group Inc. (NYSE: CIT)’s stock is up more than 26 percent from its February lows, but the company’s recent Strategic Update failed to wow Wall Street. The company’s long path to potential meaningful growth appears to be much longer than many investors had hoped. “...
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Synchrony Now On BMO's Best Event-Driven Trades List
Monday, November 30, 2015 - 10:53am | 257Read More...Shares of Synchrony Financial (NYSE: SYF) were volatile in 2015 and are up 5 percent year-to-date. BMO Capital Markets’ James Fotheringham upgraded the rating on the company from Market Perform to Outperform, while maintaining a price target of $36. The company is poised to benefit...
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JPMorgan: The Day After
Wednesday, October 14, 2015 - 1:24pm | 389Read More...JPMorgan Chase & Co. (NYSE: JPM) reported mixed Q3 earnings. Wall Street firms Macquarie, Buckingham, BMO and Morgan Stanley remain bullish on the stock. Oppenheimer is concerned by the company’s lack of revenue growth. On Tuesday, JPMorgan reported core earnings per share (EPS) of $1...
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10 Questions To Ask This Bank Earnings Season
Wednesday, October 14, 2015 - 8:12am | 561Read More...In a new report, BMO Capital Markets analyst James Fotheringham compiled a list of 10 questions the firm wants to see answered this bank earnings season. Here’s the full list. 1. Will Wells Fargo & Co (NYSE: WFC) acquire more assets from General Electric Company (NYSE: GE)? BMO...
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Analyst: Two Finance-Themed Pair Trades That Could Make You Money
Wednesday, September 16, 2015 - 11:58am | 818Read More...Financial stocks have fallen on Chinese growth concerns, but the Street's target prices "barely moved," according to James Fotheringham of BMO Capital Markets. Fotheringham is recommending investors "buy the dip." Fotheringham offered two pair trades, including buy...
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Analysts Divided On Outlook For Wells Fargo Shares
Wednesday, April 15, 2015 - 12:46pm | 331Read More...Wells Fargo & Co (NYSE: WFC)'s first-quarter earnings miss on a narrowing net interest margin and slow loan growth left analysts with divided opinions as the smoke cleared Wednesday. Shares traded recently at $54.59, up 0.74 percent. "It was a 'blah' quarter," said Oppenheimer's Christopher...
