U.S. Banks (XLF) on Watch as JPMorgan (JPM), Wells (WFC) Post Q1 Results
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UBS Raises PT on JPMorgan (JPM)
April 15, 2013 12:59 PM EDTUBS maintained a Buy rating on JPMorgan (NYSE: JPM) and raised its price target to $57.00 (from $52.00). JPMorgan reported Q1 results on Friday.
"JPM's results were roughly in line with expectations, and although the firm generated a 17% ROTE, it seems investors are growing... More
Keefe, Bruyette & Woods Starts Goldman Sachs (GS) at Market Perform
April 15, 2013 7:10 AM EDTKeefe, Bruyette & Woods initiates coverage on Goldman Sachs (NYSE: GS) with a Market Perform. PT $155.00.
For an analyst ratings summary and ratings history on Goldman Sachs click here. For more ratings news on Goldman Sachs click here.
Shares of Goldman Sachs closed at $149.12 yesterday, with a 52 week range of $90.43-$159.00.... More
CLSA's Mike Mayo Thinks Wells' (WFC) Q1 Results 'Stunk'
April 12, 2013 2:11 PM EDTWells Fargo (NYSE: WFC) shares are lower on Friday's session following what would initially appear to be solid results from the San Francisco, CA-based institution.
As Nomura... More
First Look at Wells Fargo's (WFC) Q1 - Nomura
April 12, 2013 9:37 AM EDTNomura Securities analyst Keith Murray gave a quick first look at Wells Fargo's (NYSE: WFC) Q1 results this morning. The company posted EPS of $0.92, $0.04 better than the analyst estimate of $0.88. Revenue was $21.3 billion, versus the consensus of $21.6 billion.
Murray commented: "Wells... More
Nomura's Schorr First Read of JPMorgan (JPM) Q1 EPS
April 12, 2013 9:07 AM EDTNomura Securities analyst Glenn Schorr gave a first read of JPMorgan (NYSE: JPM) Q1 results.
Schorr notes: "Overage in the quarter driven by reserve releases and securities gains, and strength in the quarter was strong, thanks to trading results in FICC and equities,... More
UPDATE: Wells Fargo & Co. (WFC) Tops Q1 EPS by 4c, Sales Light of Views
April 12, 2013 8:00 AM EDT(Updated - April 12, 2013 8:03 AM EDT)
Wells Fargo & Co. (NYSE: WFC) reported Q1 EPS of $0.92, $0.04 better than the analyst estimate of $0.88. Revenue was $21.3 billion, versus the consensus of $21.6 billion.
Tier 1 common equity under Basel I increased $14.1 billion from first quarter 2012 to $113.6 billion, with Tier 1 common equity ratio of 10.38 percent under Basel I at March 31, 2013. Estimated Tier 1 common equity ratio of 8.39 percent under current Basel III capital proposals.
Increased quarterly common stock dividend to $0.25 per share in first quarter 2013 and purchased approximately 17... More
UPDATE: JPMorgan Chase & Co. (JPM) Posts Q1 EPS of $1.59
April 12, 2013 7:00 AM EDT(Updated - April 12, 2013 7:06 AM EDT)
JPMorgan Chase & Co. (NYSE: JPM) reported Q1 EPS of $1.59, $0.22 better than the analyst estimate of $1.37. Revenue for the quarter came in at $25.8 billion versus the consensus estimate of $25.87 billion.
Adjusted revs were at $25.1... More
