Banks and tech drive Wall Street up over 1 percent

Susquehanna Raises Price Target on Hewlett Packard Enterprise (HPE); Sees Spin-Off as 'Win-Win'

Susquehanna reiterated a Neutral rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $16.00 (from $15.00), following the company's 2Q earnings report. HPE's guide came below consensus. However, the conference call was dominated by the 50/50 spin-off of the Services biz segment.... More

Oppenheimer Reiterates Outperform on Hewlett Packard Enterprise (HPE) Following 2Q Results

Oppenheimer maintained an Outperform rating and $21.00 price target on Hewlett Packard Enterprise (NYSE: HPE) following the company's 2Q earnings report. HPE reported revenue of $12.71B with EPS of $0.42, compared to consensus estimates of $12.34B and $0.42.

Analyst Ittai Kidron commented, "HPE reported solid... More

Citigroup (C), Japanese Affiliates Ordered to Pay $175M by CFTC to Settle LIBOR, Euroyen TIBOR Violations

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citibank, N.A. (Citi)(NYSE: C) ; Citibank Japan Ltd. (CJL); and Citigroup Global Markets Japan Inc. (CGMJ) (collectively, Citi and its affiliates) relating to abuses of the London Interbank Offered Rate (LIBOR) and the Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks. Specifically, CGMJ is charged with attempting to manipulate Yen LIBOR and Euroyen TIBOR, and CJL with false reporting of Euroyen TIBOR, to benefit derivatives trading positions that were priced based on... More

BMO Capital Raises Price Target on Hewlett Packard Enterprise (HPE) Following 2Q Beat

BMO Capital reiterated an Outperform rating on Hewlett Packard Enterprise (NYSE: HPE), and raised the price target to $24.00 (from $23.00), following the company's 2Q earnings report. Revenues of $12.7 billion were above consensus estimates of $12.4 billion. HPE does not provide revenue guidance, but expects... More