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Apple, Tencent Discussing Potential Revenue-Sharing Deal For WeChat Mini-Games, Says Chinese Game Maker Exec
Thursday, August 15, 2024 - 8:17am | 468In a recent development, tech behemoths Apple Inc. (NASDAQ:AAPL) and Tencent are reportedly discussing a potential revenue-sharing agreement for WeChat’s mini-games, as confirmed by Tencent’s Chief Strategy Officer, James Mitchell. What Happened: The two tech giants are contemplating a...
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Sell-Side: Wells Fargo's New CEO A Good Hire, But Don't Look For A Quick Fix
Monday, September 30, 2019 - 1:45pm | 681Wells 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...
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Bank Of America Analysts Digest Q1 Print, 'Weaker' Guidance
Wednesday, April 17, 2019 - 2:25pm | 532Bank of America Corp (NYSE: BAC) reported first-quarter EPS of 70 cents on Tuesday, topping a consensus estimate of 66 cents. Revenue was in-line, and the earnings beat was achieved on the back of lower expenses and a lower tax rate. The big bank guided to 2019 net interest income growth of 3...
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Buckingham Previews Big Bank Earnings: 4 Stocks With The Most Long-Term Upside
Monday, April 9, 2018 - 2:57pm | 709Shares of banks and brokers are oversold, and given a solid macroeconomic backdrop, Buckingham Research said it would be buyers of the group in front of strong earnings results. The Analyst Analyst James Mitchell has Buy ratings on the shares of Bank of America Corp (NYSE: BAC), Citigroup Inc...
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Buckingham: 4 Reasons Why Houlihan Lokey Has A Favorable Setup
Thursday, April 5, 2018 - 2:02pm | 395Investment bank Houlihan Lokey Inc (NYSE: HLI)'s "highly diversified" franchise and middle-market focus have reduced its exposure to earnings volatility and competitive risks and set it up for long-term growth, according to The Buckingham Research Group. The Analyst Analyst...
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After Sell-Off, Buckingham Research Compiles Shopping List Of Bargain Bank Stocks
Monday, March 26, 2018 - 11:19am | 654Geopolitical tensions, especially the potential trade war brewing between the U.S. and China, triggered a sell-off in the market late last week, with the Dow Jones Industrial Average and the S&P 500 Index both ending the week down close to 6 percent. Against this backdrop, Buckingham Research...
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Buckingham Reviews 'Best In Class' JPMorgan's Q4 Beat
Friday, January 12, 2018 - 11:23am | 354JPMorgan Chase & Co. (NYSE: JPM) reported Friday its fourth quarter results, which came in better than expected. The Analyst Buckingham Research Group's James Mitchell maintains a Buy rating on JPMorgan's stock with an unchanged $135 price target. The Thesis JPMorgan's earnings...
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Wells Fargo, JPMorgan Are This Analyst's Tax Cut Plays
Thursday, December 21, 2017 - 11:09am | 481The new 21-percent corporate tax rate is galvanizing players from tech to pharma to energy. And it’s driving at least one analyst to ”keep the chips on the table” in the financial sector. The Rating Buckingham Research Group analyst James Mitchell upgraded Wells Fargo & Co (...
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Buckingham: 12% Upside Possible For Citigroup Following Q3 Print
Friday, October 13, 2017 - 1:57pm | 372Buckingham analyst James Mitchell reiterated a Buy rating and $81 price target for Citigroup Inc (NYSE: C) after the bank posted third quarter results. The stock opened approximately 2 percent lower Friday and is trading 0.37 percent lower; investors reacted negatively on guidance for...
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Make Bank Of America Great Again; Analyst Prefers This Stock Into Year End
Friday, October 13, 2017 - 10:53am | 408Bank of America Corp (NYSE: BAC) on Friday reported third-quarter earnings, which initially sent shares lower. However, the company's earnings were very much "solid" and investors aren't appreciating the stock's attractive valuation, Buckingham Research Group's James...
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First Impression Of JPMorgan's 'Solid' Q3
Friday, October 13, 2017 - 9:04am | 371Reviewing JPMorgan Chase & Co. (NYSE: JPM)'s third-quarter results, Buckingham Research said the solid quarter supported its above-consensus earnings per share estimate for 2018. The firm reiterated its Neutral rating and $100 price target for shares of JPMorgan. Nothing To Complain...
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After Q2 EPS Beat, Is Bank Of America Underappreciated?
Tuesday, July 18, 2017 - 12:27pm | 369After Bank of America Corp (NYSE: BAC) reported second-quarter earnings of 46 per share Tuesday against estimates of 43 cents, Buckingham Research said the stock isn’t fully valued yet. Buckingham maintained a Buy on Bank of America's stock with a $30 price target. Bank of America is...
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Your Big Bank Q2 Earnings Preview And Top Picks
Sunday, July 9, 2017 - 7:06pm | 777Looking at the financials industry group, Buckingham Research Group analyst James Mitchell sees his long-term positives starting to line up and has raised several of his price targets. A Closer Look At Mitchell’s Ratings Bank of America Corp (NYSE: BAC): Maintains Buy rating, raised...
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Outsized Selloff In Evercore 'Seems Overdone': BRG Says It's No 'Falling Knife'
Tuesday, June 28, 2016 - 3:42pm | 361In a report issued Monday, Buckingham Research Group analyst James Mitchell reiterated a Buy rating and $66 price target on shares of Evercore Partners Inc. (NYSE: EVR), arguing that the issue recently witnessed an “outsized” selloff, which “seems overdone.” Well-Positioned...
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Is A Synchrony Financial Sympathy Sell-Off Unwarranted?
Wednesday, June 15, 2016 - 4:14pm | 224Shares of Synchrony Financial (NYSE: SYF) lost 13.11 percent on Tuesday, after warning about an anticipated 20 to 30 basis point surge in its net charge-off rates over the next year. The higher guidance impacted some other banks' stocks as well. However, Buckingham Research’s James...