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With Hurricane Ian About To Slam Florida, Which Insurance, Bank Stocks Are Most Exposed?
Wednesday, September 28, 2022 - 1:09pm | 591Read More...Hurricane Ian is just off the Gulf Coast of Florida and approaching landfall near Cape Coral as a Category 4 storm with maximum sustained winds of 155 miles per hour. On Wednesday, several Wall Street analysts said it's still too soon to project the potential impact Ian will have on insurance...
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Analysts Debate Buying The Dip In Hercules Capital Following CEO's Involvement In College Bribery Scandal
Wednesday, March 13, 2019 - 10:58am | 421Read More...Hercules Capital Inc (NYSE: HTGC) investors were blindsided Tuesday when the stock dropped more than 8 percent after CEO Manuel Henriquez was among dozens charged in a college admissions bribery scheme. On Wednesday, Henriquez announced he is stepping down as CEO of Hercules, and investors need to...
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Manning & Napier's Dividend Could Be At Risk As Q3 Results Come In Below Expectations
Thursday, October 27, 2016 - 9:47am | 324Read More...Manning and Napier Inc (NYSE: MN) reported disappointing Q3 results. “Continued pressure on revenues and elevated compensation costs are likely to keep pressure on margins,” Keefe, Bruyette & Woods’ Robert Lee said in a report. He downgraded the rating on the company from...
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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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KBW On Square: Waiting On The Sidelines
Thursday, October 6, 2016 - 9:21am | 323Read More...Following a sharp rebound, Square Inc’s (NYSE: SQ) shares already reflect the company’s strong growth so far and the presence of significant market opportunity, while there exists execution risk to achieve elevated expectations, Keefe, Bruyette & Woods’ Steven Kwok said in a...
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KBW's 4 Takeaways From Meeting With Houlihan Lokey Management
Tuesday, September 20, 2016 - 1:38pm | 362Read More...Keefe, Bruyette & Woods believes Houlihan Lokey Inc (NYSE: HLI) stands to gain from M&A volume recovery, stable financial advisory services and strong restructuring franchise. The comments come after a meeting with CEO Scott Beiser and Chief Financial Officer Lindsey Alley last week....
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Iberiabank An August Opportunity At KBW
Wednesday, August 17, 2016 - 7:34am | 365Read More...IBERIABANK Corp (NASDAQ: IBKC) seems to have reached an “inflection point” from where there would likely be upward estimate revisions, Keefe, Bruyette & Woods’ Catherine Mealor said in a report. She upgraded the rating on the company from Market Perform to Outperform, while...
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KBW Analysts Downgrade BlackRock As Shares Approach Their Target Price
Friday, July 15, 2016 - 9:30am | 283Read More...BlackRock, Inc. (NYSE: BLK) reported its 2Q16 results broadly in-line with consensus expectations. Keefe, Bruyette & Woods’ Robert Lee downgraded the rating on the company from Outperform to Market Perform, while reducing the price target from $390 to $383. The analyst commented that...
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KBW Latest To Downgrade LendingClub Amid Clouds Of Doubt
Wednesday, May 11, 2016 - 9:59am | 261Read More...LendingClub Corp (NYSE: LC) reported healthy 1Q16 earnings. Keefe, Bruyette & Woods’ Julianna Balicka downgraded the rating for the company from Market Perform to Underperform, while reducing the price target from $15 to $2. “A pretty decent 1Q16 result in a challenging quarter...
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KBW Likes BATS' Competitive Positioning
Tuesday, May 10, 2016 - 9:27am | 316Read More...BATS Global Markets, Inc. (BATS: BATS) has returned to volume growth in cash equities, with easing competition. Keefe, Bruyette & Woods’ Kyle K. Voigt initiated coverage of the company with an Outperform rating and a price target of $30.50. The analyst expressed optimism regarding BATS...
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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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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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KBW Downgrades THL Credit, Blackrock Capital Investment
Friday, February 19, 2016 - 8:35am | 324Read More...Keefe, Bruyette & Woods’ Ryan Lynch said that the BDC group is currently trading at a substantial discount to book value, and appears undervalued in case the sluggish to flat growth projections continue for the US. He added, however, that there could be additional pressure on shares in...
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KBW Downgrades NorthStar Realty Because Of This Uncertainty
Tuesday, February 9, 2016 - 10:17am | 352Read More...Northstar Realty Finance Corp (NYSE: NRF) shares have been on a downward trajectory for three months, and have lost 50 percent since November 9. Keefe, Bruyette & Woods’ Jade J. Rahmani downgraded the rating for the company from Outperform to Market Perform, while reducing the...
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KBW Downgrades WisdomTree Investments To Underperform
Monday, February 8, 2016 - 9:27am | 287Read More...Amid volatility, WisdomTree Investments, Inc. (NASDAQ: WETF) shares have lost 56 percent since August 10. Keefe, Bruyette & Woods’ Robert Lee downgraded the rating for the company from Market Perform to Underperform, while reducing the price target from $13.50 to $10.00....
