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Comerica Analyst No Longer Bullish, Sees 'Attractive Attributes In Coming M&A Cycle'
Monday, January 22, 2024 - 1:15pm | 310Shares of Comerica Incorporated (NYSE: CMA) fell in premarket trading on Monday, after the company last week reported its fourth-quarter earnings. The company faces nearer-term earnings challenges, which put into question its ability to “generate positive operating leverage into 2025,”...
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Analyst Says Fed's Stress Test Measures An 'Earnings Issue'
Friday, June 26, 2020 - 1:43pm | 350The Federal Reserve's new restrictions on banks' ability to pay dividends and buyback shares is a "big deal," but there are still opportunities for investors, Raymond James analyst Michael Rose said on CNBC's "Worldwide Exchange." What Happened: The Fed's move to...
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Raymond James: 11 Takeaways From Bank Ozk's Q1 Call
Monday, April 22, 2019 - 3:13pm | 451Bank Ozk (NASDAQ: OZK) reported first-quarter results April 17 that show a "relatively solid start" to 2019, highlighted by better-than-expected loan growth and net interest income, according to Raymond James. The Analyst Michael Rose maintains a Market Perform rating on Bank...
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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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Raymond James Downgrades Comerica, Says Q1 Report Not As Good As It Looks
Wednesday, April 17, 2019 - 12:40pm | 449Comerica Incorporated (NYSE: CMA) reported first-quarter EPS of $2.11 Tuesday, beating the consensus estimate of $1.93. The quarter was noisy; the earnings beat came on the back of a negative provision; and the forward estimates have been revised lower, according to Raymond James. The...
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A 'Bullish Sign': Analysts Positive On BB&T's Mega Merger With SunTrust
Friday, February 8, 2019 - 2:30pm | 772The proposed combination of BB&T Corporation (NYSE: BBT) with SunTrust Banks, Inc. (NYSE: STI) could create the sixth-largest U.S. retail bank and mark the largest merger in the sector since the financial crisis. Here's how some of the Street's top analysts reacted to Thursday's...
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Bank Of Ozarks Drops 23%, Analysts Weigh In After Year-Over-Year EPS Decline
Friday, October 19, 2018 - 11:15am | 485Bank Ozk (NASDAQ: OZK) shares plummeted Friday morning after the company reported third-quarter earnings that fell short of market expectations. Several analysts weighed in on the bank stock following the print. Here’s a sampling of what they had to say. Voices From The Street...
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Raymond James Initiates Coverage On Bank Of America, PNC And Wells Fargo
Tuesday, March 17, 2015 - 10:41am | 282On Tuesday Raymond James resumed coverage on Bank of America Corp (NYSE: BAC), PNC Financial Services Group Inc (NYSE: PNC) and Wells Fargo & Co (NYSE: WFC). Bank of America: Outperform, $18.00 price target "While ongoing investments in the franchise, coupled with subdued balance...
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UPDATE: Raymond James Downgrades Renasant
Thursday, January 23, 2014 - 12:08pm | 177In a report published Thursday, Raymond James analyst Michael Rose downgraded Renasant (NASDAQ: RNST) to Market Perform from Outperform, changing its price target to NM from $31.00. According to the report, the downgraded follows 4Q13 results. Given the reduction in the analyst's EPS estimates...
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UPDATE: Raymond James Reiterates on ViewPoint Financial Following Annual Texas Bank Tour
Tuesday, November 12, 2013 - 12:33pm | 156In a report published Tuesday, Raymond James analyst Michael Rose reiterated an Outperform rating on ViewPoint Financial Group (NASDAQ: VPFG), and raised the price target from $23.00 to $24.00. In the report, Raymond James noted, “We recently hosted a Texas field trip and met with the senior...
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UPDATE: Raymond James Upgrades Comerica Following Annual Texas Bank Tour
Tuesday, November 12, 2013 - 12:32pm | 149In a report published Tuesday, Raymond James analyst Michael Rose upgraded the rating on Comerica (NYSE: CMA) from Underperform to Market Perform. In the report, Raymond James noted, “We recently hosted a Texas field trip and met with the senior management teams of several Texas-based banks...
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News Summary: Natural Gas Futures Hit Eight-Week High (TDC, F, S, WMT)
Thursday, May 13, 2010 - 2:07pm | 305The possibility of a recovery in fuel demand has increased and natural gas futures climbed to an eight- week high in New York. The move was triggered by a government report that showed that fuel stockpiles grew less than forecast, signaling that fuel demand is recovering from the worst financial...