Wells Fargo management prodded on expenses after profit decline
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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
