Hot Bank Stocks To Invest In Right Now

tags:CM,FCF,WFC,AP,HSBA,

Shares of Entertainment One Ltd (LON:ETO) have earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 353.25 ($4.70).

Several research analysts have commented on ETO shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 367 ($4.89) target price on shares of Entertainment One in a research note on Tuesday, March 27th. Peel Hunt reissued a “hold” rating and set a GBX 300 ($3.99) target price on shares of Entertainment One in a research note on Friday, May 4th. Royal Bank of Canada lowered their target price on Entertainment One from GBX 350 ($4.66) to GBX 340 ($4.53) and set an “outperform” rating for the company in a research note on Thursday, April 5th. Numis Securities raised Entertainment One to an “add” rating and boosted their target price for the stock from GBX 215 ($2.86) to GBX 340 ($4.53) in a research note on Tuesday, May 22nd. Finally, Citigroup reissued a “buy” rating on shares of Entertainment One in a research note on Thursday, May 17th.

Hot Bank Stocks To Invest In Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Motley Fool Staff]

  Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Lisa Levin] Companies Reporting Before The Bell Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion. Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion. Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion. Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million. Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion. Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million. Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

   

• [By Joseph Griffin]

  Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

• [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 Garrett Baldwin]

  We're about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.

  The Top Stock Market Stories for Tuesday The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation's ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation's parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers' data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms. Three Stocks to Watch Today: CRM, SBUX, MOMO com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks' Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were
• [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.

Hot Bank Stocks To Invest In Right Now: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [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 Joseph Griffin]

  Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

• [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

Hot Bank Stocks To Invest In Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Matthew Frankel, CFP]

  Frankel: Obviously, I'll be watching all of the big banks reporting earnings. But Wells Fargo (NYSE:WFC) is one that I really have my eye on, just because their last quarterly report was so terrible. Last quarter, they missed expectations. I don't really pay too much attention to expectations, as we've said on the show. But their revenue dropped almost 3% year over year. Their deposit base is down 2%. The big takeaway is, as of the end of last quarter, there were no signs that their scandals and whatever have really begun to get into the past yet. So, I'm looking for that. 

• [By John Maxfield]

  Maxfield: I think we mixed up some numbers. Their revenue as a percent of assets is 4.92%, which is the highest in its peer group, and its peer group are the really large, too-big-to-fail banks, JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), plus other large regional banks. So that's the largest with one exception, and that is Capital One (NYSE: COF). The reason that Capital One's revenue is so high as a percentage of assets is because a very large portion of its loan portfolio consists of credit card loans, and those yield, as everybody knows, a lot more than, say, a home mortgage does. So its revenue as a percent of assets is the top in its peer group. But then, if you translate that over into profitability, that's where that 1.1% return on assets is. When you're talking about profitability for banks, there's two measures that you want to look at: your return on assets and your return on equity. Return on assets is basically your unlevered profitability. Your return on equity is your levered profitability. Here's the interesting thing about PNC, and this is one of the reasons that it doesn't pop up a lot when investors are looking for the top-performing banks -- it's because their return on common equity last year was 8.58%. When you're looking for a 10% return on equity, you think, that's actually meaningfully below that standard industry benchmark that you want to see. But the reason that it's below, as we see with its good return on assets, is just because it's not very levered, which means it's a very safe bank that's still earning a lot of money if you look at it on a levered basis.

• [By ]

  JPMorgan Chase & Co. (JPM) , Citigroup Inc.  (C)  Wells Fargo & Co. (WFC)  and BlackRock Inc. (BLK) reported first-quarter earnings on Thursday and Friday. Here are five things the reports show about the economic impact of President Donald Trump's tax cuts and how the Federal Reserve's interest-rate hikes are affecting consumers.

• [By Jordan Wathen]

  The Federal Reserve isn't pleased with Wells Fargo's (NYSE:WFC) scandals, but it isn't opposed to the bank paying out billions of dollars to its shareholders.

Hot Bank Stocks To Invest In Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  Paris (AP) -- Floodwaters were nearing their peak in Paris on Saturday, with the rain-swollen Seine River engulfing scenic quays and threatening wine cellars and museum basements.

• [By ]

  Anchorage, Alaska (AP) -- A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

• [By ]

  Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, poses outside the Nasdaq in New York. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. (Photo: AP)

• [By ]

  This undated photo provided by Honda shows the 2019 Honda Insight, which returns to the U.S. after a five-year absence. It now more closely resembles Honda's Civic and Accord models. (Courtesy of American Honda Motor Co. via AP) (Photo: AP)

• [By ]

  New York (AP) -- The bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said.

• [By ]

  The San Jose skyline Feb. 5, 2013. (Photo: AP)

  7. San Jose, California

  Median earnings increase between 2011 and 2016: 8.7 percent
  Workforce and earnings score: 53.4
  Final score: 47.4
  Overall rank: 19

Hot Bank Stocks To Invest In Right Now: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [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 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 Max Byerly]

  HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).