-
M&T Bank To Outperform Peers, Analyst Says: 'Overhang Fears Could Erode Over Next Several Quarters'
Tuesday, September 3, 2024 - 12:04pm | 377Read More...M&T Bank Corp (NYSE:MTB) is gearing up to report results in early October, after having reported upbeat earnings for the second quarter. The U.S. Federal Reserve cutting its benchmark interest rates could be a catalyst for the company's credit metrics and drive stronger earnings growth,...
-
New York Community Bancorp's 'Credit Story Remains Fluid': Analysts React To Q2 Results
Friday, July 26, 2024 - 12:26pm | 442Read More...Shares of New York Community Bancorp, Inc. (NYSE:NYCB) were climbing on Friday, after the company reported its second-quarter results. The company had agreed in May to sell around $5 billion in mortgage warehouse loans to JPMorgan Chase & Co (NYSE:JPM). The results came amid an exciting...
-
New York Community Bancorp Takes 'Positive Step' But 'Path Ahead Remains Uncertain,' Analysts Warn
Friday, March 8, 2024 - 2:42pm | 880Read More...Regional banking company New York Community Bancorp (NYSE:NYCB) has been increasingly volatile after announcing a new $1 billion equity infusion from investors and changes to its management. Analysts size up the changes and what a recent company update means for the stock going forward. The New...
-
JPMorgan Downgrades Signature Bank: 'We Would Lock In Losses And Trim Exposure'
Friday, July 20, 2018 - 3:38pm | 420Read More...Signature Bank (NASDAQ: SBNY) reported a sharp increase in earnings Thursday in its second-quarter report, helped by a decrease in the provision for loan losses, with most of it tied to the New York City taxi medallion portfolio. The Analyst JPMorgan analyst Steven Alexopoulos downgraded shares...
-
UPDATE: J.P. Morgan Moves to Neutral on Umpqua Holdings on Limited Value Creation Opportunity
Tuesday, July 9, 2013 - 9:30am | 245Read More...In a report published Tuesday, J.P. Morgan analyst Steven Alexopoulos moved the rating on Umpqua Holdings (NASDAQ: UMPQ) from Not Rated to Neutral, and raised the price target from $12.50 to $16.00. In the report, J.P. Morgan noted, “Following a period of restriction on UMPQ, we are moving from...
-
UPDATE: J.P. Morgan Raises PT on KeyCorp on Improved Economic Trends
Tuesday, May 21, 2013 - 2:00pm | 79Read More...In a research report published Tuesday, J.P. Morgan analyst Steven Alexopoulos raised the price target on KeyCorp (NYSE: KEY) from $10.50 to $11 and maintained a rating of Overweight. In the report, J.P. Morgan noted, "...the modestly better economic trends as well as the improved outlook for...
-
UPDATE: J.P. Morgan Raises PT on Comerica on Improved Economic Data
Tuesday, May 21, 2013 - 12:29pm | 92Read More...In a report published on Monday, J.P. Morgan analyst Steven Alexopoulos raised the price target on Comerica (NYSE: CMA) from $38 to $41 and maintained a rating of Overweight. In the report, J.P. Morgan noted, "Given the modestly better economic trends as well as the improved outlook for rates...
-
JP Morgan Maintains Outperform for People's United Financial (PBCT)
Friday, July 16, 2010 - 9:50am | 89Read More...JP Morgan small- and mid-cap banks analysts Steven Alexopoulos, Preeti Dixit, and Jared Baker reiterated an Overweight rating for People's United Financial (NASDAQ: PBCT). The analysts said, "With over $2 billion of excess capital on hand following 2Q capital actions, and management stepping up...
-
Cloud Of Uncertainty On Susquehanna Dissipates
Thursday, April 29, 2010 - 3:27pm | 223Read More...Analyst Steven Alexopoulos of JP Morgan upgrades Susquehanna Bancshares (NASDAQ: SUSQ) from "underweight" to "neutral," while raising his estimates for the company. The target price for SUSQ has been raised to $11.50. SUSQ reported its 1Q10 EPS ahead of the estimates and the consensus. “Overall,...
