Latest news with #DavidLong
Yahoo
20-07-2025
- Sport
- Yahoo
Long's cutout
Friends and family gathered to celebrate the retirement of 79-year-old softball player David Long of Crawfordsville.
Yahoo
15-07-2025
- Business
- Yahoo
Raymond James Upgrades U.S. Bancorp (USB) Stock to Strong Buy
U.S. Bancorp (NYSE:USB) is one of the Best Large Cap Value Stocks to Invest In. Raymond James analyst David Long upgraded the company's stock to 'Strong Buy' from 'Outperform' with a price objective of $57, up from the prior target of $51, as reported by The Fly. The upgrade demonstrates the firm's increased confidence that U.S. Bancorp (NYSE:USB) will achieve targeted medium-term profitability metrics. As per the analyst, the bank's improvement in profitability is expected to shift investor sentiment to the positive side. An experienced banker on the trading floor, monitoring financial markets in real time. Also, the firm highlighted that the current market skepticism about U.S. Bancorp (NYSE:USB)'s ability to reach the medium-term profitability targets resulted in a unique buying opportunity, with the company's shares trading at a discounted valuation. All U.S. Bancorp (NYSE:USB)'s regulatory ratios demonstrate healthy capital levels as well as surpass the well-capitalized requirements. Notably, the company's CET1 capital to risk-weighted assets ratio using the Basel III standardized approach stood at 10.8% as of March 31, 2025. In Q1 2025, U.S. Bancorp (NYSE:USB)'s total net revenue of ~$7.0 billion was aided by slight margin expansion and YoY growth in fee revenue of 5%. Notably, the asset quality and capital levels were robust. While we acknowledge the potential of USB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27-06-2025
- Business
- Yahoo
What to Expect From Wells Fargo's Next Quarterly Earnings Report
With a market cap of $260.2 billion, Wells Fargo & Company (WFC) is one of the largest financial services firms in the United States. Operating through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management, the company provides a broad range of financial solutions through 4,700+ retail branches, ATMs, digital platforms, and other global channels. The San Francisco, California-based company is expected to release its fiscal Q2 2025 earnings results before the market opens on Tuesday, Jul. 15. Ahead of this event, analysts expect WFC to report an adjusted EPS of $1.41, up over 6% from $1.33 in the prior year's quarter. It has surpassed Wall Street's bottom-line estimates in the past four quarters. In Q1 2025, Wells Fargo exceeded the consensus adjusted EPS estimate by 3.3%. Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? A $2 Billion Reason to Sell Super Micro Computer Stock Now Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts forecast the biggest U.S. mortgage lender to post adjusted EPS of $5.72, reflecting a 3.6% increase from $5.52 in fiscal 2024. Looking ahead, adjusted EPS is projected to grow 17.1% year-over-year to $6.70 in fiscal 2026. Shares of WFC have surged 40.3% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 12.1% gain and the Financial Select Sector SPDR Fund's (XLF) 26.3% return over the period. Despite Wells Fargo's better-than-expected adjusted EPS of $1.27 for Q1 2025, shares fell marginally on Apr. 11 due to revenue of $20.2 billion, which missed analyst expectations and marked a 3.4% year-over-year decline. Investors were also concerned about a 6% drop in net interest income to $11.5 billion, which was weighed down by lower interest rates, deposit pricing pressures, and reduced loan balances. However, the stock surged over 3% on Jun. 18 primarily due to reports that federal regulators may cut the enhanced supplementary leverage ratio (eSLR) by up to 1.5 percentage points, potentially freeing up capital for increased trading and lending activities. Additionally, Raymond James analyst David Long raised its price target to $84, citing the Fed's removal of the asset cap. Analysts' consensus view on Wells Fargo's stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 15 recommend "Strong Buy," two suggest "Moderate Buy," and eight indicate 'Hold.' As of writing, WFC is trading below the average analyst price target of $81.64. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Raymond James Raised the PT on Wells Fargo (WFC), Keeps a Buy Rating on the Stocks
Wells Fargo & Company (NYSE:WFC) is one of the 10 Best and Cheap Stocks to Buy Now. On June 18, Raymond James analyst David Long raised the price target on Wells Fargo & Company (NYSE:WFC) from $78 to $84 while keeping a Buy rating. The rating upgrade comes after the Federal Reserve on June 3 removed the limit on growth in total assets which it imposed in 2018. Analyst Long believes the medium-to-long-term impacts of lifting this cap will be material, enabling Wells Fargo & Company (NYSE:WFC) to grow its balance sheet and benefit from higher trading and investment banking revenue. He also expects positive earnings per share revisions over the next month and a 4% increase in 2026 EPS. Wells Fargo & Company (NYSE:WFC)'s CEO Charlie Scharf described the removal of the asset cap as a pivotal milestone in the bank's transformation journey. A team of bankers in suits, discussing the success of the company's banking products. Wells Fargo & Company (NYSE:WFC) is a financial services company with around $1.9 trillion in assets. Its services range from banking, investment, and mortgage products and consumer and commercial banking. While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Raymond James Raised the PT on Wells Fargo (WFC), Keeps a Buy Rating on the Stocks
Wells Fargo & Company (NYSE:WFC) is one of the 10 Best and Cheap Stocks to Buy Now. On June 18, Raymond James analyst David Long raised the price target on Wells Fargo & Company (NYSE:WFC) from $78 to $84 while keeping a Buy rating. The rating upgrade comes after the Federal Reserve on June 3 removed the limit on growth in total assets which it imposed in 2018. Analyst Long believes the medium-to-long-term impacts of lifting this cap will be material, enabling Wells Fargo & Company (NYSE:WFC) to grow its balance sheet and benefit from higher trading and investment banking revenue. He also expects positive earnings per share revisions over the next month and a 4% increase in 2026 EPS. Wells Fargo & Company (NYSE:WFC)'s CEO Charlie Scharf described the removal of the asset cap as a pivotal milestone in the bank's transformation journey. A team of bankers in suits, discussing the success of the company's banking products. Wells Fargo & Company (NYSE:WFC) is a financial services company with around $1.9 trillion in assets. Its services range from banking, investment, and mortgage products and consumer and commercial banking. While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
