Latest news with #EbrahimPoonawala
Business Insider
3 days ago
- Business
- Business Insider
Canadian Bank of Commerce (CM) Gets a Buy from Bank of America Securities
Bank of America Securities analyst Ebrahim Poonawala maintained a Buy rating on Canadian Bank of Commerce (CM – Research Report) on May 29 and set a price target of C$101.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Canadian Bank of Commerce also received a Buy from Desjardins's Douglas Young in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Canadian Bank of Commerce (NYSE: CM). Based on Canadian Bank of Commerce's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $7.25 billion and a net profit of $2.16 billion. In comparison, last year the company earned a revenue of $6.21 billion and had a net profit of $1.72 billion Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
Business Insider
3 days ago
- Business
- Business Insider
Bank of America Securities Sticks to Its Buy Rating for Royal Bank Of Canada (RY)
In a report released on May 29, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Royal Bank Of Canada (RY – Research Report), with a price target of C$194.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Royal Bank Of Canada also received a Buy from Barclays's Brian Morton in a report issued yesterday. However, on the same day, National Bank downgraded Royal Bank Of Canada (NYSE: RY) to a Hold. Based on Royal Bank Of Canada's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $16.72 billion and a net profit of $5.13 billion. In comparison, last year the company earned a revenue of $13.76 billion and had a net profit of $3.58 billion Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RY in relation to earlier this year.
Business Insider
19-05-2025
- Business
- Business Insider
Goldman Sachs Group (GS) Receives a Buy from Bank of America Securities
In a report released yesterday, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Goldman Sachs Group (GS – Research Report), with a price target of $700.00. The company's shares closed last Friday at $619.03. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Poonawala is a 5-star analyst with an average return of 11.8% and a 67.24% success rate. Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Goldman Sachs Group with a $607.50 average price target, representing a -1.86% downside. In a report released on May 5, Barclays also maintained a Buy rating on the stock with a $720.00 price target. Based on Goldman Sachs Group's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.17 billion and a net profit of $4.74 billion. In comparison, last year the company earned a revenue of $14.21 billion and had a net profit of $4.13 billion Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, DAVID M SOLOMON, the COB & CEO of GS sold 5,000.00 shares for a total of $3,035,850.00.
Yahoo
17-05-2025
- Business
- Yahoo
CIBC price target raised to C$100 from C$98 at BofA
BofA analyst Ebrahim Poonawala raised the firm's price target on CIBC (CM) to C$100 from C$98 and keeps a Buy rating on the shares. The cyclical rebound for the Canadian economy expected at the start of the year has been upended with a weak housing market and weak private sector job growth, the analyst tells investors in a research note. The firm, which noted that this will likely delay a peak in the credit cycle in 2H25, added that potential for policy actions from the new Carney administration combined with cooling trade tensions with the U.S. could lift sentiment on the growth outlook. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CM: Disclaimer & DisclosureReport an Issue CIBC assumed with an Outperform at Scotiabank CIBC Expands U.S. CDR Offerings to Enhance Global Investment Opportunities CIBC downgraded to Hold from Buy at Jefferies CIBC Innovation Banking (CM) Leads Syndicated Debt Financing for Vena Solutions CIBC price target lowered to C$95 from C$101 at National Bank 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
