David Konrad

Keefe, Bruyette & Woods analyst David Konrad raised the price forecast for Citigroup, Inc. (NYSE:C) to $118 from $112, while maintaining an Outperform rating. Recent Earnings This week, the bank reported third-quarter revenue of $22.09 billion, up 9% year over year and comfortably ahead of...

In a rapidly evolving financial landscape, banks are seeking new avenues to boost profitability and enhance growth prospects. Bank of New York Mellon Corp (NYSE:BK) has room for margin expansion and to accelerate its growth rate, according to Keefe, Bruyette & Woods. The Bank of New York Mellon...

PNC Financial Services Group Inc (NYSE:PNC) on Wednesday reported mixed first-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On PNC Financial Services Analyst Gerard Cassidy maintained an Outperform rating...

US Bancorp (NYSE:USB) reported mixed results for the fourth quarter. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. DA Davidson On US Bancorp Analyst Peter Winter maintained a Buy rating and a price target of $60. US Bancorp...

Wells Fargo & Co's (NYSE:WFC) fourth-quarter results sent banking stocks surging on Wednesday. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. Keefe, Bruyette & Woods On Wells Fargo Analyst David Konrad maintained a Market...

Goldman Sachs Group Inc (NYSE: GS) and other financial stocks have been in focus as some of the sector’s biggest banks report first-quarter results. Here are some key analyst takeaways from Goldman Sachs’ release. Argus Research analyst Stephen Biggar upgraded the rating to Buy, while...

Bank of America Corp (NYSE:BAC) on Tuesday issued second-quarter earnings which beat consensus estimates as the company — like all banks — brought in more interest income amid the Federal Reserve's latest rate hike campaign. By The Numbers: Bank of America issued earnings of 88...

Bank of America Corp (NYSE: BAC) reported upbeat results for the first quarter, a solid start to the earnings season by banking majors. RBC Capital Markets On Bank of America Analyst Gerard Cassidy maintained an Outperform rating while raising the price target from $34 to $35. Bank of America...

Shares of JPMorgan Chase & Co (NYSE: JPM) Friday climbed on first-quarter revenue and earnings beat. Keefe, Bruyette & Woods On JPMorgan Chase Analyst David Konrad maintained a Market Perform rating, while raising the price target from $131 to $155. JPMorgan Chase’s “standout...

It’s been a slow grind higher for bank investors since 2008, but one Wall Street analyst said Friday that the margin cycle for banks is finally showing signs of peaking. The Analyst Macquarie Research analyst David Konrad downgraded Comerica Incorporated (NYSE: CMA) from Outperform to...

Over the past two years, JPMorgan Chase & Co. (NYSE: JPM) has moved from trading at a 19 percent discount valuation to a 7 percent premium valuation, which Macquarie’s David Konrad views a warranted, given the company’s “relatively less volatility of earnings, better-than-peer...

Macquarie’s David Konrad expects 1Q16 to be “unusually weak” for US Universal Banks, due to concerns over global growth, declining oil prices and increasing use of negative rates around the world. “These trends worked in concert to effectively shut down market activity...

Shares of Morgan Stanley (NYSE: MS) have declined 33.82 percent over the past six months, dropping almost to their 52-week low on January 21, at $24.78. Macquarie’s David Konrad has upgraded the rating on the company from Neutral to Outperform, with a price target of $33. Konrad...

Morgan Stanley (NYSE: MS) will reportedly be cutting 25 percent of its FICC unit. The move is likely an effort to boost the firm’s ROE. Macquarie estimates that the cost savings from the move could boost EPS by 3.0 percent. In a new report, Macquarie analyst David Konrad discussed the Wall...