Wall Street sets another record as JPMorgan leads banks higher

UBS Reiterates Buy on Citigroup (C) Following 2Q Report - PT to $53

UBS 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

BMO 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

BMO 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

Nomura 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

BMO 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

Nomura 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

Nomura Securities Raises Price Target on Yum! Brands (YUM) Following 2Q Release

Nomura Securities reiterated a Buy rating on Yum! Brands (NYSE: YUM), and raised the price target to $96.00 (from $95.00), following the company's 2Q earnings report. YUM reported EPS of $0.75, $0.01 above the $0.74 consensus. Management also commented that "we remain on track to finalize the... More