Latest news with #VivekJuneja
Yahoo
4 days ago
- Business
- Yahoo
Bank of New York Mellon Stock: Is Wall Street Bullish or Bearish?
New York-based The Bank of New York Mellon Corporation (BK) provides a range of financial products and services, including investment and wealth management, asset servicing, and treasury solutions. Valued at a market cap of $73.1 billion, the company's global client base consists of financial institutions, corporations, government agencies, endowments and foundations, as well as high-net-worth individuals. This bank has considerably outpaced the broader market over the past 52 weeks. Shares of BK have soared 63.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.6%. Moreover, on a YTD basis, the stock is up 34.9%, compared to SPX's 9.6% rise. More News from Barchart Warren Buffett Warns Investing At 'Too-High Purchase Price' Even for 'an Excellent Company' Can Undo a Decade of Smart Investing BitMine Immersion Now Holds 1.15 Million Ethereum Tokens. Should You Buy BMNR Stock Here? Why Archer Aviation's (ACHR) Post-Earnings Tailspin Looks Like a Favorably Mispriced Opportunity Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Zooming in further, BK's outperformance becomes more evident when compared to the SPDR S&P Bank ETF's (KBE) 17.7% uptick over the past 52 weeks and 5% YTD return. On Jul. 15, shares of BK closed down marginally after its Q2 earnings release. The company reported a record Q2 total revenue of $5 billion, up 9.4% from the year-ago quarter, with net interest income rising 16.8% and total fee and other revenue increasing 7.2% annually. Furthermore, on the earnings front, its adjusted EPS advanced 28.5% year-over-year to $1.94, topping consensus estimates by a notable margin of 11.5%. Higher average loans and deposits, along with a rise in its Assets Under Management (AUM) to $2.1 trillion, supported its quarterly performance. For the current fiscal year, ending in December, analysts expect BK's EPS to grow 18.1% year over year to $7.12. The company's earnings surprise history is promising. It surpassed the consensus estimates in each of the last four quarters. Among the 17 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on eight 'Strong Buy,' three "Moderate Buy,' and six 'Hold' ratings. This configuration is less bullish than three months ago, with 10 analysts suggesting a 'Strong Buy' rating. On Aug. 1, JPMorgan Chase & Co. (JPM) analyst Vivek Juneja maintained a "Buy" rating on BK and set a price target of $105.50, implying a 1.8% potential upside from the current levels. While the company is trading above its mean price target of $101.91, its Street-high price target of $113 suggests an upside potential of 9.1%. On the date of publication, Neharika Jain 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
6 days ago
- Business
- Yahoo
J.P. Morgan Maintains a Buy Rating on Bank of America (BAC), Sets a $51 PT
Bank of America Corporation (NYSE:BAC) is one of the top most profitable NYSE stocks to buy now. In a report released on August 1, Vivek Juneja from J.P. Morgan maintained a Buy rating on Bank of America Corporation (NYSE:BAC), setting a price target of $51.00. A professional banker providing consultation to a customer in the security of his office. In other news, Bank of America Corporation (NYSE:BAC) announced on July 23 that its Board of Directors declared a regular quarterly cash dividend on common stock of $0.28 per share, up $0.02 from the previous quarter. The dividend is payable on September 26 to shareholders of record as of September 5. Bank of America Corporation (NYSE:BAC) also reported that its Board authorized a new $40 billion common stock repurchase program, effective August 1. The new program would replace the company's current program expiring on that date. Bank of America Corporation (NYSE:BAC) is a bank and financial holding company that operates in the Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, and Global Markets segments. While we acknowledge the potential of BAC 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
06-08-2025
- Business
- Yahoo
Is Wall Street Bullish or Bearish on Regions Financial Stock?
Birmingham, Alabama-based Regions Financial Corporation (RF) is a financial holding company that offers a range of banking and related products and services to individual and corporate customers. Valued at a market cap of $22.6 billion, the company provides retail, commercial, and mortgage banking, as well as asset management, wealth management, securities brokerage, trust services, and mergers and acquisitions advisory services. This regional bank has outpaced the broader market over the past 52 weeks. Shares of RF have surged 23.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.5%. On a YTD basis, the stock is up 7.1%, in line with SPX's gains. More News from Barchart Palantir's Free Cash Flow Margins and Forecasts Rise - Where This Leaves PLTR Stock Cathie Wood is Buying Figma Stock with Both Hands. Should You Buy This Hot IPO, Too? Can SoundHound's Q2 Results Send the Stock Soaring on August 7? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Zooming in further, RF has also outperformed the iShares U.S. Regional Banks ETF's (IAT) 13.6% rise over the past 52 weeks and 1.3% drop on a YTD basis. On Jul. 18, shares of RF soared 6.1% after its better-than-expected Q2 earnings release. Due to higher net interest and non-interest incomes, the company's overall adjusted revenue improved 7% year-over-year to $1.9 billion, topping consensus estimates by 3.2%. Further, its adjusted earnings of $0.60 per share advanced 13.2% from the same period last year and came in 7.1% above Wall Street estimates. Solid deposit growth, disciplined loan production, and firm performance across its fee-based businesses, particularly treasury management and wealth management, supported its impressive Q2 performance. For the current fiscal year, ending in December, analysts expect RF's EPS to grow 9.4% year over year to $2.32. The company's earnings surprise history is promising. It topped the consensus estimates in each of the last four quarters. Among the 25 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on nine 'Strong Buy,' two "Moderate Buy,' 13 'Hold,' and one 'Strong Sell' rating. This configuration is slightly more bullish than three months ago, with eight analysts suggesting a 'Strong Buy' rating. On Aug. 1, JPMorgan Chase & Co. (JPM) analyst Vivek Juneja maintained a "Hold" rating on RF with a price target of $27.50, implying a 9.2% potential upside from the current levels. The mean price target of $28.27 represents a 12.3% premium from RF's current price levels, while the Street-high price target of $33 suggests an upside potential of 31.1%. On the date of publication, Neharika Jain 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 Inicia sesión para acceder a tu cartera de valores
Business Times
24-06-2025
- Business
- Business Times
Big US banks expected to ace stress tests, boost dividends
[NEW YORK] The biggest US lenders are expected to clear the Federal Reserve's annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said. The results of the central bank's so-called 'stress tests' on Friday (Jun 27) will determine how much cash lenders would need to hold to withstand a severe economic downturn. A less strenuous methodology this year means banks will probably perform better and return more money to investors via dividends and share buybacks, analysts said. The yearly exercise, introduced following the 2007-to-2009 financial crisis, is integral to capital planning for the 22 large lenders being tested. It is also used by banks to determine how much in dividends can be given to shareholders. 'With the improved regulatory tone, hopes are high for some reduction in capital requirements... driven by less harsh stress tests,' said Vivek Juneja, an analyst at JPMorgan. Given banks' high capital levels, he anticipated they would increase dividends by an average of about 3 per cent and boost share repurchases. Tepid loan growth and a favourable regulatory environment will make banks more flexible as they manage capital and grow dividends. However, banks may stay cautious with capital. 'Despite an improved outlook for capital return, we continue to expect management teams to remain somewhat conservative nearer-term given ongoing tariff, economic uncertainty and the timing and the magnitude of regulatory reform,' analysts from Raymond James said in a report. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The scenarios for this year's stress test are also expected to be less onerous versus last year. 'It includes a smaller decline in US real GDP, a smaller rise in unemployment rate, smaller declines in short/long-end rates and other improvements including less aggressive housing and equity pricing declines,' analysts at Jefferies wrote in a note. In more good news for banks, the tests are expected to only become more manageable for banks going forward. In April, the Fed kicked off a sweeping effort to overhaul the tests, which would include, in future years, averaging results to reduce volatility and giving banks more visibility into how they are graded by the Fed. 'We view this as a major positive that will help banks and regulators better align on methodology between internal and Fed-run stress tests, with the output being less of a black box,' said Betsy Graseck, an analyst at Morgan Stanley. Changes in the process could begin as early as this year, she added. Wall Street firms could also see some relief in their stress capital buffers, an additional layer of capital that the Fed requires large banks to hold on top of minimum capital requirements. Goldman Sachs and Morgan Stanley, which saw their buffers increased last year, are 'poised for improvements this year,' the analysts at Jefferies wrote. Meanwhile, Citibank and M&T Bank could see a slight uptick in their capital requirements, said analysts at Keefe, Bruyette & Woods. Overall, analysts expect the regulatory environment for big banks to be more benign under the second administration of US President Donald Trump. 'Stress tests are likely to be less stressful in Trump 2.0,' analysts at Raymond James said. REUTERS
Yahoo
24-06-2025
- Business
- Yahoo
Big US banks expected to ace stress tests, boost dividends
By Nupur Anand NEW YORK (Reuters) -The biggest U.S. lenders are expected to clear the Federal Reserve's annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said. The results of the central bank's so-called 'stress tests' on Friday will determine how much cash lenders would need to hold to withstand a severe economic downturn. A less strenuous methodology this year means banks will probably perform better and return more money to investors via dividends and share buybacks, analysts said. The yearly exercise, introduced following the 2007-2009 financial crisis, is integral to capital planning for the 22 large lenders being tested. It is also used by banks to determine how much in dividends can be given to shareholders. "With the improved regulatory tone, hopes are high for some reduction in capital requirements... driven by less harsh stress tests," said Vivek Juneja, an analyst at JPMorgan. Given banks' high capital levels, he anticipated they would increase dividends by an average of about 3% and boost share repurchases. Tepid loan growth and a favorable regulatory environment will make banks more flexible as they manage capital and grow dividends. However, banks may stay cautious with capital. "Despite an improved outlook for capital return, we continue to expect management teams to remain somewhat conservative nearer-term given ongoing tariff, economic uncertainty and the timing and the magnitude of regulatory reform," analysts from Raymond James said in a report. The scenarios for this year's stress test are also expected to be less onerous versus last year. "It includes a smaller decline in U.S. real GDP, a smaller rise in unemployment rate, smaller declines in short/long-end rates and other improvements including less aggressive housing and equity pricing declines," analysts at Jefferies wrote in a note. In more good news for banks, the tests are expected to only become more manageable for banks going forward. In April, the Fed kicked off a sweeping effort to overhaul the tests, which would include, in future years, averaging results to reduce volatility and giving banks more visibility into how they are graded by the Fed. "We view this as a major positive that will help banks and regulators better align on methodology between internal and Fed-run stress tests, with the output being less of a black box," said Betsy Graseck, an analyst at Morgan Stanley. Changes in the process could begin as early as this year, she added. Wall Street firms could also see some relief in their stress capital buffers, an additional layer of capital that the Fed requires large banks to hold on top of minimum capital requirements. Goldman Sachs and Morgan Stanley, which saw their buffers increased last year, are "poised for improvements this year," the analysts at Jefferies wrote. Meanwhile, Citibank and M&T Bank could see a slight uptick in their capital requirements, said analysts at Keefe, Bruyette & Woods. Overall, analysts expect the regulatory environment for big banks to be more benign under the second administration of U.S. President Donald Trump. "Stress tests are likely to be less stressful in Trump 2.0," analysts at Raymond James said.
