-
KeyCorp Gets Analyst Upgrade Due To Superior Balance Sheet, Net Interest Income
Wednesday, December 20, 2023 - 5:49pm | 337Read More...Shares of KeyCorp (NYSE: KEY) have climbed steadily over the past month. While the bank failures earlier this year exerted pressure on the sector, shares of KeyCorp underperformed, shedding around 18% year to date versus around a 5% decline in the KBW Nasdaq Bank Index (NASDAQ: BKX), according to...
-
Huntington Bancshares Q2 Earnings Gets Mixed Analysts Reactions
Monday, July 24, 2023 - 2:40pm | 345Read More...Analysts have mostly mixed reactions to Huntington Bancshares Inc.'s (NASDAQ: HBAN) second-quarter 2023 earnings results. Last week, Huntington reported second-quarter revenues of $1.84 billion, broadly in line with the consensus, while EPS of $0.35 beat the consensus...
-
Why This Old National Bancorp Analyst Is Turning Bullish
Friday, May 13, 2022 - 1:26pm | 241Read More...Cost savings from Old National Bancorp’s (NASDAQ: ONB) deal to merge with First Midwest Bancorp should be accretive to the bottom line “following the systems conversion in July,” according to Stephens. The Old National Bancorp Analyst: Terry McEvoy upgraded Old National...
-
Stephens Upgrades Comerica After YTD Pullback
Thursday, December 17, 2020 - 1:20pm | 237Read More...Comerica Incorporated’s (NYSE: CMA) stock has performed the worst among super regional banks year to date, declining around 26% versus the downturn of about 11% in the SPDR S&P Regional Banking ETF (NYSE: KRE), according to Stephens. The Comerica Analyst: Terry McEvoy upgraded ...
-
Stephens Banking Pair Trade: Fifth Third Upgraded, US Bancorp Downgraded
Tuesday, March 8, 2016 - 10:26am | 501Read More...Stephens’ Terry McEvoy upgraded the rating for Fifth Third Bancorp (NASDAQ: FITB) from Equal-Weight to Overweight, with a price target of $20. The rating for U.S. Bancorp (NYSE: USB) was reduced from Overweight to Equal-weight. Analyst Terry McEvoy recommended investing in banks that are...
-
UPDATE: Oppenheimer Downgrades Signature Bank on Near-Term Challenges
Thursday, March 20, 2014 - 10:04am | 155Read More...In a report published Thursday, Oppenheimer analyst Terry McEvoy downgraded the rating on Signature Bank (NASDAQ: SBNY) from Outperform to Perform, and removed the $133.00 price target. In the report, Oppenheimer noted, “Since starting the bank in 2001, nearly everything that could go right for...
-
UPDATE: EverBank Stock Undervalued: Oppenheimer On Buy Initiation
Friday, December 6, 2013 - 9:15am | 124Read More...In a report published Thursday, Oppenheimer analyst Terry McEvoy initiated a Buy rating on EverBank Financial (NASDAQ: EVER) and initiated a price target of $21.00. In the report, Oppenheimer says "EverBank's steady EPS, tangible book value and balance sheet growth through different cycles are...
-
UPDATE: Wait On A Better Entry Point: Oppenheimer Initiates Coverage On BofI
Friday, December 6, 2013 - 9:11am | 135Read More...In a report published Thursday, Oppenheimer analyst Terry McEvoy initiated a Perform rating on BofI Holdings (NASDAQ: BOFI). In the report, Oppenheimer says "BofI Holding's scalable low-cost banking platform appears well-positioned for strong earnings growth and profitability. Following the rapid...
-
UPDATE: Oppenheimer Upgrades Signature Bank on Established Growth Model
Tuesday, July 9, 2013 - 9:34am | 152Read More...In a report published on Monday, Oppenheimer analyst Terry McEvoy upgraded Signature Bank (NASDAQ: SBNY) from Perform to Outperform and set a $100 price target. In the report, Oppenheimer stated, "Signature has an established growth banking model that is truly unique in today's environment. The...
-
UPDATE: Oppenheimer Upgrades Prosperity Bancshares on Rising Interest Rates
Tuesday, July 9, 2013 - 9:26am | 129Read More...In a report published on Monday, Oppenheimer analyst Terry McEvoy upgraded Prosperity Bancshares (NYSE: PB) from Underperform to Perform. In the report, Oppenheimer stated, "Our prior earnings concerns were based on both core NIM pressure from low rates and the uncertainty of purchase...
-
UPDATE: Oppenheimer Lowers PT on JAVELIN Mortgage Investment on MBS Sell-Off
Tuesday, June 11, 2013 - 1:30pm | 131Read More...In a report published on Tuesday, Oppenheimer analyst Terry McEvoy lowered the price target on JAVELIN Mortgage Investment (NYSE: JMI) from $19 to $17 and maintained a rating of Outperform on the company. In the report, Oppenheimer stated, "With MBS prices falling we estimate that book value is...
-
UPDATE: Oppenheimer Lowers PT on JAVELIN Mortgage Investment Following Agency MBS Prices Drop
Wednesday, May 29, 2013 - 10:15am | 177Read More...In a report published Wednesday, Oppenheimer analyst Terry McEvoy reiterated an Outperform rating on JAVELIN Mortgage Investment (NYSE: JMI), but lowered the price target from $21.00 to $19.00. In the report, Oppenheimer noted, “One of the key risks to mortgage REIT investing is that mortgage-...
-
Oppenheimer Reiterates Huntington Bancshares (HBAN) Outperform Rating
Tuesday, March 2, 2010 - 10:13am | 131Read More...Oppenheimer analyst Terry McEvoy reiterated her Outperform rating for shares of Huntington Bancshares (Nasdaq: HBAN), with a price target of $6.50. McEvoy wrote that, "pretax, pre-provision earnings (PPE) should continue to grow at Huntington, which combined with falling credit costs, should enable...
