Goldman details cost savings plan after 'challenging' quarter
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
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UBS Raises Price Target on Morgan Stanley (MS) Following 2Q
July 21, 2016 9:28 AM EDTUBS reiterated a Buy rating on Morgan Stanley (NYSE: MS), and raised the price target to $34.00 (from $32.00), following the company's 2Q earnings report.
Analyst Brennan Hawken commented, "MS's FICC results certainly were a positive surprise but given the ongoing restructuring we caution against annualizing... More
BMO Capital Raises Price Target on Goldman Sachs (GS) Following EPS Beat
July 20, 2016 9:00 AM EDTBMO Capital reiterated an Outperform rating on Goldman Sachs (NYSE: GS), and raised the price target to $214.00 (from $197.00), following the company's 2Q earnings report. GS reported an EPS of $3.75 ahead of the consensus estimate of $3.04.
Analyst James Fotheringham commented, "GS's 2Q16 core EPS of... More
Goldman Sachs (GS) PT Trimmed to $180 at UBS
July 20, 2016 8:35 AM EDTUBS analyst Brennan Hawken reiterated a Buy rating on Goldman Sachs (NYSE: GS) but trimmed its price target to $180.00 (from $185.00). Hawken said expense progress i encouraging but catalysts to drive the top-line are lacking.
Hawken commented, "Expense savings from 1H16 cost initiatives, including a 5%... More
UBS Reiterates Buy on Bank of America (BAC) Following 2Q Report
July 19, 2016 9:11 AM EDTUBS reiterated a Buy rating and $18.00 price target on Bank of America (NYSE: BAC) following the company's 2Q earnings report. UBS is raising 2016 estimates by 4c to $1.28 per share driven by the 2Q beat and lower operating expenses partially offset by lower NII.
Analyst Brennan... More
Jefferies Reiterates Buy on Bank of America (BAC) Following 2Q Earnings - PT to $16.50
July 19, 2016 9:00 AM EDTJefferies reiterated a Buy rating on Bank of America (NYSE: BAC), and raised the price target to $16.50 (from $16.00), following the company's 2Q earnings report. Management expects NII to be stable in upcoming quarters, with upside if rates move higher.
Analyst Ken Usdin... More
