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KBW Upgrades Wells Fargo Despite Q2 Miss, Says Valuation 'Compelling'
Monday, July 16, 2018 - 12:00pm | 359Read More...Wells Fargo & Co (NYSE: WFC) underperformed in its July 13 second-quarter earnings report, but Keefe, Bruyette & Woods saw enough positive signals in the print to raise EPS estimates for the bank. The Analyst Analyst Brian Kleinhanzl upgraded Wells Fargo from Market Perform...
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KBW Downgrades Citi On 'Meaningful Gap' In Outlook
Wednesday, January 17, 2018 - 12:59pm | 395Read More...Citigroup Inc (NYSE: C) reported fourth-quarter results Tuesday that beat top- and bottom-line expectations, but the results led at least one Wall Street analyst to turn neutral on the bank stock. The Analyst Keefe, Bruyette & Woods' Brian Kleinhanzl downgraded Citi's...
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Looking Past Q2 Beat, Goldman Sachs Topline Outlook Still Troublesome
Wednesday, July 19, 2017 - 9:53am | 306Read More...Despite posting strong second-quarter earnings, shares of Goldman Sachs Group Inc (NYSE: GS) took a plunge, closing down almost 6 percent on Tuesday. The reason was poor trading results, which were down 40 percent for the quarter. In response to the report, Keefe Bruyette & Woods analyst Brian...
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KBW Upgrades Bank Of America, Goldman Sachs To Outperform
Tuesday, November 29, 2016 - 12:31pm | 552Read More...Following the election, the Universal Banks outlook for 2017 and beyond now reflects higher interest rates, only modest benefits from deregulation and better trading results due to increased volatility, Keefe, Bruyette & Woods’ Brian Kleinhanzl said in a report. He raised the 2018 EPS...
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KBW Upgrades Bank NY Mellon To Outperform, Bullish On Fundamentals And Benefits From Possible FFR Rate Hike
Friday, October 21, 2016 - 9:55am | 353Read More...Bank of New York Mellon Corp (NYSE: BK) reported robust results for Q3, while issuing a better earnings guidance going forward. Brian Kleinhanzl of Keefe, Bruyette & Woods upgraded the rating on the company from Market Perform to Outperform, while raising the price target from $48 to $50....
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Wells Fargo To Trade Sideways
Monday, October 17, 2016 - 9:10am | 367Read More...Brian Kleinhanzl of Keefe, Bruyette & Woods believes the current valuation of Wells Fargo & Co (NYSE: WFC) is not attractive enough to mitigate the uncertainties regarding revenue and expense that occur due to the changing sales culture in Consumer Banking. Kleinhanzl downgraded the rating...
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Long-Term Unknowns Still Remain For Wells Fargo
Thursday, October 13, 2016 - 8:29am | 301Read More...Wells Fargo & Co (NYSE: WFC) announced the departure of Chairman and CEO John Stumpf with immediate effective. Current president and COO Tim Sloan is to take over as CEO and Stephen Sanger would take over as the board's non-executive chairman. “Sloan will now inherit the...
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In The Wake Of Fraud Case, Investors Asking Whether Wells Fargo Is Still A 'High-Quality' Bank
Friday, September 9, 2016 - 2:30pm | 337Read More...Wells Fargo & Co (NYSE: WFC) is often considered the shining example of responsible behavior among a group of banking peers that were out of control during the time leading up to the Financial Crisis. However, a new $185 million fraud settlement has Keefe, Bruyette & Woods analyst Brian...
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KBW Sees Expected Returns, Estimates For Citi Moving Lower Again, Downgrades To Market Perform
Monday, April 18, 2016 - 9:27am | 252Read More...Citigroup Inc (NYSE: C) reported better-than-expected 1Q16 results due to one-time gains from the sale of a business during the quarter. Keefe, Bruyette & Woods’ Brian Kleinhanzl downgraded the rating for the company from Outperform to Market Perform, with a price target of $51. Path...
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5 Big Banks Fail Their 'Living Will' Exams. So What?
Wednesday, April 13, 2016 - 12:26pm | 432Read More...Bank investors suffered another round of negative headlines on Wednesday as the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) ruled that five out of the eight “too big to fail” U.S. financial institutions have issued “living will” breakup plans that...
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A Citigroup Breakup Would Yield 57%
Monday, March 21, 2016 - 10:58am | 269Read More...Brian Kleinhanzl of Keefe, Buyette & Woods maintained an Outperform rating on Citigroup Inc (NYSE: C), with a price target of $51. Return Potential Although the company has significantly shrunk since the financial crisis, the stock’s valuation continues near the lows, which...
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Big Bank Q4 Outlook: KBW Slashes Estimates on Goldman, Morgan Stanley, State Street
Tuesday, December 22, 2015 - 10:28am | 396Read More...Goldman Sachs Group Inc (NYSE: GS) shares are down 8 percent YTD, Morgan Stanley (NYSE: MS) shares have lost 18 percent, and Citigroup Inc (NYSE: C) are down 4 percent. Keefe, Bruyette & Woods’ Brian Kleinhanzl maintained Market Perform ratings on Goldman Sachs and Morgan Stanley,...
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KBW Slashes Estimates On Morgan Stanley Following Q3 Results
Tuesday, October 20, 2015 - 10:40am | 295Read More...Morgan Stanley (NYSE: MS) shares have been declining steadily in the last three months and are down 20 percent since July 21. Keefe Bruyette & Wood’s Brian Kleinhanzl maintained a Market Perform rating on the company, with a price target of $37. Further multiple expansion in...
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UPDATE: Keefe, Bruyette & Woods Upgrades Citigroup As Path To Improved Returns Opens
Friday, March 6, 2015 - 10:43am | 161Read More...In a report published Friday, Keefe, Bruyette & Woods analyst Brian Kleinhanzl upgraded the rating on Citigroup Inc (NYSE: C) from Market Perform to Outperform, and raised the price target from $54.00 to $61.00. In the report, Keefe, Bruyette & Woods noted, "We are upgrading shares of...
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UPDATE: Keefe, Bruyette & Woods Downgrades State Street As Positive Catalysts Go Missing
Friday, March 6, 2015 - 10:18am | 122Read More...In a report published Friday, Keefe, Bruyette & Woods analyst Brian Kleinhanzl downgraded the rating on State Street Corp. (NYSE: STT) from Outperform to Market Perform, and lowered the price target from $84.00 to $79.00. In the report, Keefe, Bruyette & Woods noted, "We are downgrading...
