Ebrahim Poonawala

The shocking downfall of SVB Financial Group (NASDAQ: SIVB) has stolen the spotlight in the banking sector this week, but the banking industry's woes may be much more serious than SVB's downfall. What Happened? SVB shares dropped 60% on Thursday after the bank announced a plan to raise more...

The SPDR S&P Bank ETF (NYSE: KBE) is down 18.6% year-to-date, only slightly outperforming the S&P 500 as a whole. Rising interest rates are typically good news for bank earnings, but the weakness in bank stocks as of late has been driven by concerns over a potential slowdown in the lending...

Big bank earnings season kicks off this week, and Bank of America analyst Ebrahim Poonawala said Wednesday that he has high hopes for at least two bank stocks. Big Numbers Coming? Despite concerns about a U.S. recession, Poonawala said he expects most banks will report strong loan demand, little...

Goldman Sachs Group Inc’s (NYSE: GS) stock could outperform other banking stocks, with a worsening economic backdrop adversely impacting the earnings of “the balance sheet lending heavy peers,” according to BofA Securities. The Goldman Sachs Analyst: Ebrahim Poonawala upgraded the...

After more than a decade of growth stocks outperforming value stocks, that trend has reversed in the past year. The Vanguard Value Index Fund ETF (NYSE: VTV) has generated a total return of 13.3% in the past 12 months, compared to just a 1.1% total return for the Vanguard Growth Index Fund ETF (...

Shares of big bank stock Citigroup Inc (NYSE: C) are down 16.6% year-to-date and 27% overall in the past year. Given the bank's relatively solid first-quarter earnings report last week, one Citigroup analyst said Sunday that the negative investor sentiment surrounding Citigroup may have finally...

The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022. But while investors are growing increasingly concerned about inflation, rising interest rates and supply chain disruptions and geopolitical tension stemming from the war in Ukraine, Bank of...

On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century. Since the beginning of the year, Bank of America analyst Ebrahim Poonawala has been bullish on...

Bank stocks have underperformed since Russia launched its invasion of Ukraine in late February. Despite the recent weakness, Bank of America analyst Ebrahim Poonawala said this week the interest rate environment is paying out even better than expected for big banks. Rates And Earnings: The updated...

The bond market is pricing in a 68.1% chance the Federal Reserve will raise interest rates at least 1.5% by the end of 2022. Rising interest rates are typically good news for bank profits, but bank stocks have taken a huge hit so far in 2022. Why Interest Rates Matter: Higher interest rates...

Citigroup Inc’s (NYSE: C) management presented a “realistic set of financial goals” during the investor day event, according to BofA Securities. The Citigroup Analyst: Ebrahim Poonawala maintained a Buy rating for Citigroup, while reducing the price target from $100 to $90. The...

Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns. Among dividend stocks, dividend growth stocks have outperformed others. A company with the ability to increase its dividend payouts over time...

Earlier this month, Citigroup Inc (NYSE: C) announced it will be exiting its consumer, small business and middle-market banking operations of Citibanamex in Mexico. On Monday, Bank of America analyst Ebrahim Poonawala summarized seven takeaways bank stock investors should have from Citibank's...

While any potential weakness with JPMorgan Chase & Co’s (NYSE: JPM) stock over the next few days would represent a buying opportunity, while Wells Fargo & Co.’s (NYSE: WFC) stock could benefit from “some rotation out of JPM, at least in the near term,”...

With big bank earnings just around the corner, one analyst has downgraded Goldman Sachs Group Inc (NYSE: GS) and said there’s little change of earnings upside in the near term. The Analyst: On Thursday, Bank of America analyst Ebrahim Poonawala downgraded Goldman Sachs from Buy to Neutral and...