June 15, 2018: Here are four stocks trading with heavy volume among 85 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 1.15 to 1 and on the Nasdaq, decliners led advancers by about 1.03 to 1.
Banco Bradesco SA (NYSE: BBD) traded down about 1.9% Friday and posted a new 52-week low of $6.56 after closing Thursday at $6.69. The stock’s 52-week high is $13.18. Volume totaled nearly 15 million, about 50% above the daily average of around 10.7 million. The Brazilian bank had no specific news, and shares look set to close up about 2.5%.
Itaú Unibanco Holding SA (NYSE: ITUB) traded down about 1.5% Friday to post a new 52-week low of $9.95 after closing Thursday at $10.10. The stock’s 52-week high is $16.98. Volume was nearly 25% above the daily average of around 10.9 million shares. This Brazilian bank also had no specific news. Shares are on track to post a gain for the day of around 2.5%.
Top 5 Bank Stocks To Own For 2019: First Commonwealth Financial Corporation(FCF)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Bank Stocks To Own For 2019: Canadian Imperial Bank of Commerce(CM)
Advisors' Opinion:- [By Logan Wallace]
A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:
6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.
- [By Logan Wallace]
Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.
- [By Stephan Byrd]
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Bank Stocks To Own For 2019: HSBC Holdings PLC (HSBA)
Advisors' Opinion:- [By Ethan Ryder]
HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.
- [By Stephan Byrd]
Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.
- [By Joseph Griffin]
HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.
Top 5 Bank Stocks To Own For 2019: Ampco-Pittsburgh Corporation(AP)
Advisors' Opinion:- [By ]
Panama City, Fla. (AP) -- A man suspected of trading wild bursts of gunfire with officers during a long standoff in the Florida Panhandle was found dead Tuesday in a gasoline-soaked apartment after an armored vehicle approached, authorities said.
- [By ]
San Francisco (AP) -- A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment.
- [By ]
In this Oct. 27, 2017 photo, Tarana Burke, founder, #MeToo Campaign, appears at the Women's Convention in Detroit. Burke, an activist who started the campaign a decade ago to raise awareness about sexual violence. (Photo: AP)
- [By ]
This 2011 photo provided by Russell Investments shows Steve Wood, chief market strategist for Russell Investments. Investors are fearful of runaway inflation, and they keep waiting for signs inflation is about to pick up. Most experts agree that inflation is going to speed up, and that the Federal Reserve will keep raising interest rates in order to keep inflation pressures from getting out of control. While the timing is unclear, Wood says it's not too soon to prepare. (Photo: AP)
- [By ]
This undated photo provided by Volkswagen shows the 2019 Volkswagen Jetta. While automakers still offer inexpensive utilitarian trim levels of small cars, they are increasingly creating high-end, luxury-like versions as well. With its newly redesigned Jetta, for example, Volkswagen is betting that a surprising range of gadgets and features will get buyers into the showroom. (Photo: AP)
- [By ]
The 2018 Subaru Outback, one of the original SUV alternatives. Subaru is well-known for offering cars that can handle themselves when the going gets rough, and its Outback lies squarely in that tradition. (Photo: AP)
Top 5 Bank Stocks To Own For 2019: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Shane Hupp]
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
Get Wells Fargo alerts: Wells Fargo’s latest issue emerges amid bank’s rebranding campaign (investmentnews.com) Wells Fargo Has Shown Us Its Contemptible Values (bloomberg.com) Well Fargo Renews Its Commitment to You After Rip-Offs (Update) (247wallst.com) Wells Fargo (WFC) EVP, Head of Commercial Capital Ed Blakey to Retire (streetinsider.com) Wells Fargo And Loan Demand (seekingalpha.com)Several research analysts have recently issued reports on WFC shares. Vining Sparks reaffirmed a “buy” rating and set a $68.50 price objective on shares of Wells Fargo in a research report on Monday, February 5th. Bank of America lowered their price objective on Wells Fargo from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Nomura decreased their target price on Wells Fargo from $79.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Zacks Investment Research raised Wells Fargo from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Saturday, February 10th. Finally, UBS raised Wells Fargo from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, April 5th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $61.83.
- [By Matthew Frankel, CFP, Sean Williams, and Jordan Wathen]
The S&P 500 and Nasdaq indexes have never been higher, so it can seem increasingly difficult to find reasonably priced stocks. That said, there could still be some compelling bargains to be had in the banking sector. Here's why three of our Motley Fool contributors think American Express (NYSE:AXP), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) are worth a look now.
- [By Steve Symington]
But some individual companies delivered much more pronounced jumps than the broader market. Read on to learn why Wells Fargo (NYSE:WFC), Overstock.com (NASDAQ:OSTK), and KB Home (NYSE:KBH) climbed higher today.
- [By Motley Fool Transcription]
Wells Fargo & Company (NYSE:WFC)Q3 2018 Earnings Conference CallOctober 12, 2018, 10:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Douglas A. McIntyre]
The Securities and Exchange Commission said on Monday that between 2009 and 2013, Wells Fargo (WFC) reaped large fees by “improperly encouraging” brokerage clients to actively trade high-fee debt products that were intended to be held to maturity.
No comments:
Post a Comment