Mired in low rates, JPMorgan buoys itself with loan growth
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
UBS Reiterates Buy on Citigroup (C) Following 2Q Report - PT to $53
July 18, 2016 9:56 AM EDTUBS reiterated a Buy rating on Citigroup (NYSE: C), and cut the price target to $53.00 (from $54.00), following the company's 2Q earnings report. Citi's NIM should recover to 290+ bps in 2H16 due to 3 bps of uplift from Costco and a normalization of cash balances. The Costco portfolio closed in June and the $10.6 billion portfolio... More
BMO Capital Cuts Price Target on Wells Fargo (WFC) to $50 Following EPS Miss
July 18, 2016 9:21 AM EDTBMO Capital reiterated an Underperform rating on Wells Fargo (NYSE: WFC), and cut the price target to $50.00 (from $52.00), following the company's 2Q earnings report. WFC reported EPS of $0.94, missing the consensus estimate of $1.01. BMO's Core EPS estimates for 2016 have been cut to $3.80 from $4.05.
Analyst... More
BMO Capital Raises Price Target on Citigroup (C) to $66 Following 2Q EPS Beat
July 18, 2016 9:07 AM EDTBMO Capital reiterated an Outperform rating on Citigroup (NYSE: C), and raised the price target to $66.00 (from $63.00), following the company's 2Q earnings report. Citi reported EPS of $1.29, beating the consensus estimates of $1.11.
Analyst James R. Fotherin commented, "C's 2Q16 core EPS of $1.29 beat our $1.12... More
Nomura Securities Cuts Price Target on Citigroup (C) to $57 Following 2Q EPS Beat
July 18, 2016 6:51 AM EDTNomura Securities maintained a Buy rating on Citigroup (NYSE: C), and cut the price target to $57.00 (from $62.00), following the company's 2Q earnings report. EPS was reported at $1.24, ahead of the Street's $1.10 estimate. However, an updated commentary suggests that consensus forecasts are too high for 2H16 and 2017, placing... More
BMO Capital Cuts Price Target on JPMorgan (JPM) Following 2Q Report
July 15, 2016 10:50 AM EDTBMO Capital maintained an Outperform rating on JPMorgan (NYSE: JPM), and cut the price target to $74.00 (from $77.00), following the company's 2Q earnings report. JPM reported EPS of $1.47 beating the consensus estimate of $1.42.
Analyst James Fotheringham commented, "We lower our core EPS forecasts by 1% in... More
Nomura Securities Cuts Price Target on JPMorgan (JPM) to $66 Following 2Q Report
July 15, 2016 7:11 AM EDTNomura Securities reiterated a Neutral rating on JPMorgan (NYSE: JPM), and cut the price target to $66.00 (from $67.00), following the company's 2Q earnings report. JPM reported EPS of $1.55, primarily driven by better results in CIB. JPM reiterated its guidance for 2016, with management incrementally more constructive on NII.... More
