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Was Goldman's Selloff Just What Was Needed To Make Shares Attractive?
Wednesday, April 19, 2017 - 2:04pm | 315Read More...Goldman Sachs Group Inc (NYSE: GS)'s surprisingly poor earnings report this week and the stock's subsequent selloff prompted analysts at Citi to upgrade the bank. Citi's Keith Horowitz upgraded shares of Goldman Sachs from Sell to Neutral with an unchanged $225 price target. According...
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Is The Rally In Bank Stocks Over?
Wednesday, February 22, 2017 - 10:07am | 317Read More...Bank stocks have been on fire as one of the strongest performing sectors not only under the "Trump rally" but over the past year. For example, shares of JPMorgan Chase & Co. (NYSE: JPM) is up more than 50 percent over the past year, while shares of Goldman Sachs Group Inc (NYSE: GS) are higher...
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Bank Of N.T. Butterfield & Son Has Near-Term Levers
Tuesday, October 11, 2016 - 8:43am | 424Read More...Citi has started coverage of Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NYSE: NTB) with a Buy rating and has a price target of $32, implying a potential upside of 25 percent. Bullish Justification The brokerage's bullish thesis on the bank is based on its ability to...
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First Hawaiian's Strength Already Priced In, Says Citi
Monday, August 29, 2016 - 9:41am | 359Read More...Keith Horowitz of Citi said the growth of First Hawaiian Inc (NASDAQ: FHB) is already priced into the stock and has little room for improvement. Horowitz, who initiated the coverage of the stock with a Neutral rating and $26 target price, terms First Hawaiian's franchise as "impressive," as the...
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Citigroup Downgrades JPMorgan To Neutral
Monday, August 8, 2016 - 9:07am | 359Read More...Given that the group is fairly valued at 10.3 percent cost of equity and the EPS forecasts for JPMorgan Chase & Co. (NYSE: JPM) are about 2 percent too high for 2017 and 2018, Citi’s Keith Horowitz believes there no longer appears to be meaningful near-term upside for the stock. Horowitz...
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Citi Doesn't See Bitcoin Disrupting Trusted Names Like Visa, Mastercard
Thursday, June 30, 2016 - 12:09pm | 291Read More...Digital currency bitcoin has come out of nowhere in the past several years and has reached the point where it served as a safety play for many currency traders during the aftermath of the Brexit vote. The bitcoin blockchain now has a market cap of roughly $10 billion, but how much of a disruptive...
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With Many Financials Out Of Favor, Northern Trust Corporation Upgraded By Citi
Tuesday, June 28, 2016 - 11:40am | 258Read More...Following the Brexit vote, financials have been under excessive pressure as the future for Britain's trade relations and the European Union's future remains uncertain. As a result, many financials have been downgraded within the last few days. Citi's Take Despite the new trend in financials, Citi's...
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Citi's Q1 Earnings Cheat Sheet For U.S. Banks
Tuesday, April 12, 2016 - 6:55am | 765Read More...Citi prefers JPMorgan Chase & Co. (NYSE: JPM) and Citizens Financial Group Inc (NYSE: CFG) heading into the "weak" first quarter earnings season, while Goldman Sachs Group Inc (NYSE: GS) and KeyCorp (NYSE: KEY) remain its top picks in the banking space. "No surprise 1Q is...
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Why Is JP Morgan Being Called An 'Impressive Story'?
Thursday, February 26, 2015 - 10:39am | 274Read More...In a report published Wednesday, Citigroup analyst Keith Horowitz wrote that JPMorgan Chase & Co. (NYSE: JPM) is an "impressive story" and "cheap stock." Commenting after JP Morgan's Analyst Day, Horowitz noted that JP Morgan's discounted valuation represents...
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Citi Downgrades KeyCorp, Street Views 'A Bit Too High'
Monday, February 9, 2015 - 2:13pm | 191Read More...KeyCorp (NYSE: KEY) is unlikely to see strong gains from mortgage fees in the near-term, while Street estimates may be "a bit too high" an analyst said Monday. Citi's Keith Horowitz downgraded the regional banking company to Neutral, from Buy, and reduced his price target more...
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Citigroup's Top Financial Picks Heading Into Earnings Season
Wednesday, January 14, 2015 - 2:16pm | 222Read More...Keith Horowitz of Citigroup on Tuesday listed his top financial picks across the financial sector. Horowitz prefers owning shares of Goldman Sachs Group Inc (NYSE: GS) as it is the only bank that is projected to report an upside surprise in its fourth quarter results. The analyst expects the...
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Numerous Firms Initiate Coverage On Citizens Financial Group Following Quiet Period Expiration
Monday, November 3, 2014 - 1:25pm | 291Read More...On Monday, analysts at numerous firms initiated coverage on shares of Citizens Financial Group Inc (NYSE: CFG) following the expiration of the analyst quiet period. Oppenheimer Equity Research: Outperform rating with $29 price target. Ben Chittenden stated, “Our thesis for owning CFG...
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UPDATE: Citigroup Initiates Coverage On Citizens Financial Group As Path To Higher Returns Is Visible, But Distant
Monday, November 3, 2014 - 9:55am | 196Read More...In a report published Monday, Citigroup analyst Keith Horowitz initiated coverage on Citizens Financial Group Inc (NYSE: CFG) with a Neutral rating and $26.00 price target. In the report, Citigroup noted, “We are initiating coverage on CFG with a Neutral and $26 price target, which implies 13%...
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Citi Bullish On Shares Of State Street Corporation
Thursday, September 25, 2014 - 8:25am | 95Read More...Analysts at Citi Research on Wednesday initiated coverage on State Street Corporation (NYSE: STT) with a Buy rating and $90 price target. Keith Horowitz declared State Street as the firm's top pick for trust bank and feels “State Street is ahead of the curve and well positioned to deliver...
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January Effect On Markets Appears Delayed
Monday, January 6, 2014 - 11:49am | 818Read More...By Joel Elconin For those investors looking to ride the momentum from the end of 2013 into the New Year, you may have to wait a few more days. So far, from the opening bell on Thursday, there have been more sellers than buyers. With Friday's weak close (1825.50), the S&P 500 Index...
