Latest news with #financialstocks
Yahoo
22-07-2025
- Business
- Yahoo
Jefferies Keeps Buy Rating on Webster Financial (WBS), Raises Price Target
Webster Financial Corporation (NYSE:WBS) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Jefferies increased its price target for Webster Financial Corporation (NYSE:WBS) from $70 to $72 while keeping a 'Buy' rating. This decision came after the company reported its Q2 2205 earnings. Webster Financial Corporation (NYSE:WBS) reported core earnings per share of $1.52, surpassing both the consensus estimate of $1.42 and Jefferies' estimate of $1.41. A close up of a hand pressing a mobile banking app displayed on a tablet or smartphone. Webster Financial Corporation's (NYSE:WBS) core pre-provision net revenue (PPNR) for the quarter reached $370 million, exceeding Jefferies' forecast of $356 million. The company's management also raised its net interest income guidance. According to Jefferies, the corporation also reported an improvement in credit quality this quarter and maintained a stable credit outlook. The investment firm noted recent changes in federal law that broadened Health Savings Account (HSA) eligibility. This can significantly grow the addressable market for Webster Financial Corporation's (NYSE:WBS) HSA Bank business. Webster Financial Corporation (NYSE:WBS) is an American bank holding company for Webster Bank, which is a commercial bank that offers a broad range of financial products and services to businesses, individuals, and families. While we acknowledge the potential of WBS 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
DA Davidson Lifts PT for Citizens Financial (CFG), Keeps Buy Rating
Citizens Financial Group, Inc. (NYSE:CFG) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, DA Davidson increased its price target for Citizens Financial Group, Inc. (NYSE:CFG) from $49 to $55 while keeping a 'Buy' rating. The research firm noted that the company reported 'strong 2Q results' and gave a 'positive update for 3Q.' This prompted DA Davidson to increase its earnings per share estimates for Citizens Financial Group, Inc. (NYSE:CFG). A financial advisor examining a client's portfolio at a modern office workspace. DA Davidson noted that the banking company has reiterated its guidance for 2025 and still believes it can achieve an improvement of 150 basis points in pre-provision operating leverage in 2025. The research firm also highlighted several strengths for Citizens Financial Group, Inc. (NYSE:CFG), including potential improvements in the net interest margin, the company's private bank buildout, and its metro New York expansion efforts. Citizens Financial Group, Inc. (NYSE:CFG) is an American bank holding company that offers a wide range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. While we acknowledge the potential of CFG 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
Raymond James Lifts Price Target for FNB, Keeps Outperform Rating
F.N.B. Corporation (NYSE:FNB) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Raymond James increased its price target on F.N.B. Corporation (NYSE:FNB) from $15 to $18 while keeping an 'Outperform' rating. This decision came after the company reported its second-quarter results. F.N.B. Corporation (NYSE:FNB) showed strong core performance, including lower costs for funding and asset repricing that helped improve both its net interest margin and net interest income. A customer walking into a bank branch, expressing the convenience of consumer banking services. Raymond James pointed out that F.N.B. Corporation (NYSE:FNB) showed improvements in its capital levels and asset quality during the second quarter. Additionally, fee revenues exceeded expectations. F.N.B. Corporation (NYSE:FNB) increased its guidance for net interest income in 2025. However, Raymond James' analysis suggests that this outlook might still be conservative if commercial loan growth pipelines accelerate as expected. The firm sees the risk-reward profile for F.N.B. Corporation (NYSE:FNB) as attractive at current levels. F.N.B. Corporation (NYSE:FNB) is a diversified financial services company that offers a full range of commercial banking, consumer banking, and wealth management solutions. The company operates through its subsidiary network, which is led by its largest subsidiary, First National Bank of Pennsylvania. While we acknowledge the potential of FNB 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
22-07-2025
- Business
- Yahoo
Citi Raises Price Target for Synovus Financial (SNV), Keeps Buy Rating
Synovus Financial Corp. (NYSE:SNV) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Citi increased its price target for Synovus Financial Corp. (NYSE:SNV) from $57 to $65 and reiterated a Buy rating. Citi pointed out the company's strong quarterly loan growth, which the firm sees as one of the bank's best performances in recent years. A woman signing a mortgage loan in a modern banking hall. The investment firm also noted that Synovus Financial Corp. (NYSE:SNV) plans to make a significant number of new hires over the next two to three years. This move is expected to help the company become a more growth-focused regional bank in the Southeast. Additionally, Citi highlighted Synovus Financial Corp.'s (NYSE:SNV) strong expense management and credit trends that have consistently performed better than expected. This has contributed to positive shareholder value in both the short and the long term. Citi slightly reduced its 2026 projections for Synovus Financial Corp. (NYSE:SNV), mainly because of talent acquisition and investment-related expenses. However, Citi's analysis suggests that these expenses will likely help improve shareholder value in the long term. Synovus Financial Corp. (NYSE:SNV) is an American financial services company that offers commercial and consumer banking and a full range of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. While we acknowledge the potential of SNV 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Reuters
18-07-2025
- Business
- Reuters
Financials pull India's equity benchmarks lower after weak Axis Bank results
July 18 (Reuters) - India's equity benchmarks fell in early trade on Friday, with broad-based losses led by financial stocks, as Axis Bank dropped following its quarterly profit miss. The Nifty 50 (.NSEI), opens new tab was down 0.39% at 25,013.7 points, while the BSE Sensex (.BSESN), opens new tab lost 0.41% to 81,921.03, as of 10:10 a.m. IST. Twelve of the 13 major sectors were trading lower, with the heavily weighted financials (.NIFTYFIN), opens new tab and private banks (.NIFPVTBNK), opens new tab losing 0.5% and 1.1%, respectively. Axis Bank ( opens new tab lost 4%, set for its worst day in six months, after a surprise quarterly profit drop due to increased bad loans from a one-time industry benchmarking exercise, making it the top loser in the Nifty 50 and financial stocks. Meanwhile, MSCI's broadest index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab rose 0.7% after solid retail sales data and labour market activity in the U.S. indicated resilience in the world's largest economy. Back home, the broader small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab were down 0.1% and 0.2%, respectively. "The initial set of earnings has largely been muted and that is showing in the market reaction," said Arun Malhotra, fund manager at CapGrow Capital. The Nifty 50 is down 0.5% so far this week, while the Sensex is down 0.7%. The key indexes are on course for their third consecutive weekly losses. Malhotra said the investors are anticipating a strong second half for corporate earnings, and that is helping cap the losses. The IT index (.NIFTYIT), opens new tab was flat with 3% gains in Wipro ( opens new tab offset by LTIMindtree's ( opens new tab 2% losses after both companies reported their first-quarter results.
