Erika Najarian

Citigroup was hit with a $400-million fine by the Office of the Comptroller of the Currency on Wednesday. The Citigroup Analyst: BofA Securities analyst Erika Najarian maintains a Buy rating on Citigroup Inc (NYSE: C) with a $74 price target.  The Citigroup Takeaways: The biggest question...

Big bank earnings are right around the corner, and Wells Fargo & Co (NYSE: WFC) is expected to report a small loss in the second quarter on Tuesday morning. On Monday, one Wall Street analyst said a surprising requirement by the Federal Reserve could put Wells Fargo’s dividend at risk....

Shares of KeyCorp Inc (NYSE: KEY) could underperform peers due to the company’s greater risk of a dividend cut and higher exposure to industries facing risk of a default in a coronavirus-led downturn, according to BofA Securities. The KeyCorp Analyst: Erika Najarian downgraded KeyCorp from...

KeyCorp (NYSE: KEY) reported first-quarter earnings of 12 cents per share Thursday, significantly missing the consensus estimate of 32 cents per share. The bank posted a higher provision expense in the quarter of $359 million. BofA Securities Drops Bullish KeyCorp Stance ...

While JPMorgan Chase & Co’s (NYSE: JPM) revenue power is likely to remain best-in-class, the company is rate-sensitive and the Federal Reserve’s rate cuts will hurt performance even if the balance sheet continues to grow, according to BofA Securities. The JPMorgan Analyst Erika...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is now down 23.7% in the past month as stocks enter bear market territory for the first time since 2009. The Financial Select Sector SPDR Fund (NYSE: XLF) has taken an even larger 31.2% hit in that time as investors recall what happened to bank stocks...

The Federal Reserve took aggressive action this month in the wake of the coronavirus outbreak by cutting interest rates by 0.5%, the largest rate cut since 2008. The latest rate cut also represented the fourth consecutive interest rate cut by the Fed. Throughout history, every single time the Fed...

Big bank earnings season is right around the corner, and Bank of America has adjusted its coverage of the group, including naming its top stock pick of the decade. The Analysts Analyst Michael Carrier upgraded Goldman Sachs Group Inc (NYSE: GS) from Neutral to Buy and raised the price target from $...

Wells Fargo & Co (NYSE: WFC)’s new CEO should bring some needed stability as the bank tries to get out from under regulatory restrictions, but a return to growth won’t happen overnight, sell-side analysts said from the sidelines Monday.  The bank announced Friday that Charlie...

U.S. Bancorp (NYSE: USB) shares were trading near-flat Monday in the wake of a Wall Street downgrade.  The Analyst Bank of America Merrill Lynch analyst Erika Najarian downgraded U.S. Bancorp from Neutral to Underperform and lowered the price target from $55 to $53. The Thesis The company...

The Fed is expected to announce three rate cuts through 2020, which could result in decelerating EPS growth at Regions Financial Corp (NYSE: RF), according to Bank of America Merrill Lynch. The Analyst Erika Najarian downgraded Regions Financial from Buy to Neutral and reduced the price target from...

Shares of big U.S. banks Wells Fargo & Co (NYSE: WFC) and JPMorgan Chase & Co. (NYSE: JPM) headed in different directions Friday after the banks reported mixed first-quarter earnings. Wells Fargo told investors that a lower interest rate outlook, flatter yield curve and tightening loan...

When a company like JPMorgan Chase & Co (NYSE: JPM) has performed as such a high level for so long, investors are often right to start to question how the company and the stock can continue to impress the market. One analyst said Monday that JPMorgan investors have no reason to worry. The...