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US Bancorp Earnings Preview: Double-Digit EPS Growth Expected
Tuesday, January 17, 2012 - 7:45am | 689US Bancorp (NYSE: USB) is scheduled to report fourth-quarter and full-year 2011 results tomorrow, January 18, before the opening bell. Net income and revenue have risen in the past three quarters. Investors will be looking for that trend to continue, rather than US Bancorp following in the...
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Citigroup Earnings Preview: Falling Expectations for EPS
Monday, January 16, 2012 - 7:27am | 702Citigroup (NYSE: C) is scheduled to report fourth-quarter 2011 results tomorrow, January 17, before the markets open. Investors may be less optimistic about the lender's results after competitor JP Morgan Chase (NYSE: JPM) offered disappointing results on Friday. And Wells Fargo (NYSE: WFC)...
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Earnings Expectations for the Week of January 16
Sunday, January 15, 2012 - 3:47pm | 1524This week will offer a good look at the state of the financial sector as many of the big banks share their fourth-quarter results. JP Morgan Chase (NYSE: JPM) broke the ice on Friday, reporting a decline in earnings that was more than analysts had estimated. Wells Fargo (NYSE: WFC), Goldman Sachs (...
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Citi Reiterates Buy on JP Morgan Chase
Friday, July 15, 2011 - 9:43am | 104Citi is out with its report today on JP Morgan Chase (NYSE: JPM), reiterating Buy. In a note to clients, Citi writes, "We rate the shares of JP Morgan Chase Buy/Medium Risk (1M). We view JP Morgan as a well-managed franchise and believe its strong capital position and recent acquisitions of Bear...
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Citi Maintains Buy on JP Morgan Chase
Monday, June 20, 2011 - 8:49am | 145Citi is out with its report today on JP Morgan Chase (NYSE: JPM), maintaining Buy. In a note to clients, Citi writes, "We rate the shares of JP Morgan Chase Buy/Medium Risk (1M). We view JP Morgan as a well-managed franchise and believe its strong capital position and recent acquisitions of Bear...
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Keefe Bruyette Raises PT On JP Morgan Chase To $58
Wednesday, February 16, 2011 - 9:49am | 133Keefe Bruyette & Woods has published a research report on JP Morgan Chase (NYSE: JPM) as credit costs and organic opportunities improve as displayed at the company's investor day held yesterday. In the report, Keefe Bruyette writes "On February 15th, JPM hosted an investor day in which the...
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Buy Rating Reiterated On JPM
Monday, October 18, 2010 - 6:44am | 117Citigroup has published a research report on JP Morgan Chase & Co. (NYSE: JPM) and reiterates its Buy rating on the company. In the report, Citigroup writes "Despite better-than-expected 3Q EPS driven by good results across key businesses and a positive surprise on capital deployment w/ a ~50...
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Morgan Stanley likes these Banks (ZION) (JPM) (AMTD)
Friday, October 8, 2010 - 2:48pm | 306What's Hurting Small Bank Stocks? Small bank stocks have suffered recently. Here's the reason: Morgan Stanley analyst Ken Zerbe says that bank profits are going to get squeezed, if the Fed's quantitative easing goes into effect. He was on Bloomberg's Taking Stock, podcast on Wednesday. The...
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JP Morgan Adjusts Its Estimates On Venoco, Inc. (VQ)
Tuesday, September 21, 2010 - 8:45am | 53JP Morgan adjusted its estimates on Venoco, Inc. (NYSE: VQ), and decreased its CFPS estimates due to lower production estimates for 2010 and 2011. A Price Target of $17.00 was established, which reflects new data from Monterey Shale. VQ currently trades at $19.61 and JP Morgan rates it...
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JP Morgan's recent meeting with CA Technologies remains positive (CA)
Monday, September 20, 2010 - 11:26am | 91After meeting with CA Technologies (Nasdaq: CA) CEO, Bill McCracken, JP Morgan feels much more optimistic regarding CA's prospects over the next 12-18 months. JP Morgan's recent positive rating on the CA shares has been much more value driven than anything else, but they now feel that CA has a...
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JP Morgan Remains Overweight on Globe Specialty Metals (GSM).
Monday, September 20, 2010 - 11:07am | 99JP Morgan reiterates its Overweight rating on Globe Specialty Metals (Nasdaq: GSM), as shares appear attractively valued based on its earnings estimates, which do not include potential growth via M&A. JP Morgan also expects GSM's start up costs and maintenance expenditures to fade by CY2011,...
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JP Morgan Slashes Targets For Offshore Drilling Companies (DO, ESV, RIG, NE, PDE)
Monday, May 24, 2010 - 10:35am | 262JP Morgan Chase has lowered its target price and earnings estimates for various offshore drilling companies, including Diamond Offshore (NYSE: DO), Ensco plc (NYSE: ESV), Noble Corp (NYSE: NE), Transocean Ltd. (NYSE: RIG) and Pride International Inc. (NYSE: PDE). The Deepwater Horizon, which was...