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Why This Citigroup Analyst Is Turning Bullish: 'We Expect Acceleration In Buybacks'
Thursday, March 14, 2024 - 12:18pm | 326Read More...Citigroup Inc (NYSE: C) and other banking majors have lately been facing rising delinquencies in the commercial real estate sector. The firm is capable of delivering cost reductions, and has “significant capacity” to either repurchase stock or expand its balance sheet, “especially...
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Goldman Sachs Upgrades State Street, Downgrades UBS And Virtu
Monday, January 6, 2020 - 4:11pm | 456Read More...Bank stocks are off to a shaky start to 2020. Goldman Sachs updated its coverage of bank stocks on Monday, and the firm believes selection will be critical for back stocks going forward. The Analysts Goldman analyst Richard Ramsden downgraded UBS Group AG (NYSE: UBS) from Neutral to Sell and cut...
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JPMorgan Solid Q3 Driven By FICC Revenue
Friday, October 14, 2016 - 9:14am | 281Read More...JPMorgan Chase & Co. (NYSE: JPM) reported Q3 results, with EPS ahead of the consensus and the estimate. Goldman Sachs’ Richard Ramsden maintained a Neutral rating on the company, with a price target of $71. Related Link: JPMorgan Kicks Off Big Banks, Beats EPS Estimates The...
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Here's How Sell-Side Analysts Responded To Wells Fargo's Cross-Sales Scam Story
Sunday, September 25, 2016 - 6:37pm | 584Read More...Wells Fargo & Co (NYSE: WFC) was recently pulled up by regulatory agencies for allegedly opening fake savings and credit accounts without customers' volition. The misconduct was done apparently to meet an employee sales goals program the company ran, which was necessary for determining...
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Goldman Continues To Be A Buyer Of Wells Fargo Despite Recent Scrutiny, Sees 22% Upside
Thursday, September 22, 2016 - 9:14am | 600Read More...Goldman Sachs remains Buy-rated on Wells Fargo & Co (NYSE: WFC) despite regulatory scrutiny on the bank over the creation of unauthorized accounts and credit cards, which has led to a 7 percent drop in shares. Wells Fargo hogged limelight in the recent past, but for the wrong reasons. On...
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Goldman Diverges On 2 Big Banks: Reiterates Conviction Buy On Bank of America, Downgrades Citi
Friday, September 16, 2016 - 8:03am | 404Read More...The stock valuations of Bank of America Corp (NYSE: BAC) and Citigroup Inc (NYSE: C) are attractive, and both companies offer improved returns through cost restructuring, Goldman Sachs’ Richard Ramsden said in a report. He added, however, that while the former could offer 10 percent ROTCE...
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Goldman Bullish On Financials, Says Rate Hikes 'Put NII On Growth Path For 2016'
Tuesday, April 19, 2016 - 9:36am | 370Read More...Large cap banks recorded better-than-expected 1Q core EPS, despite their large energy reserves and a challenging quarter for the capital markets. The robust performance was driven by NIM expansion, accelerating loan growth, expense control and benign credit outside of energy. Goldman Sachs...
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Goldman Analysts Are Buying Wells Fargo; Like JPMorgan Less
Monday, January 11, 2016 - 9:35am | 579Read More...Shares of both Wells Fargo & Co (NYSE: WFC) and JPMorgan Chase & Co. (NYSE: JPM) have lost 5 percent since October 12. Goldman Sachs’ Richard Ramsden upgraded the rating for Wells Fargo to Buy, while downgrading the rating for JPMorgan to Neutral. While Wells Fargo’s...
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Goldman Sachs Assesses Global Liquidity Concerns And How To Address Them
Tuesday, August 4, 2015 - 3:57pm | 1246Read More...The concern over liquidity seems fairly universal. Analysts and pundits have been sporadically warning about illiquid global markets from the United States to Kenya. The concerns have only escalated as commodity prices have dipped and anticipation of a rate hike from the Federal Reserve has risen...
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UPDATE: Goldman Sachs Downgrades Citigroup on Valuation
Wednesday, December 4, 2013 - 1:47pm | 231Read More...In a report published Wednesday, Goldman Sachs analyst Richard Ramsden downgraded the rating on Citigroup (NYSE: C) from Conviction List-Buy to Neutral, but raised the price target from $58.00 to $60.00. In the report, Goldman Sachs noted, “When we upgraded Citi to Buy in 2012 and upgraded it to...
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UPDATE: Goldman Sachs Upgrades U.S. Bancorp on Multiple Sources of Opportunities
Wednesday, December 4, 2013 - 1:46pm | 192Read More...In a report published Wednesday, Goldman Sachs analyst Richard Ramsden upgraded the rating on U.S. Bancorp (NYSE: USB) from Neutral to Conviction List-Buy, and raised the price target from $40.00 to $44.00. In the report, Goldman Sachs noted, “USB lost some of its premium multiple in 2013 as its...
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Goldman Sachs’ Outperformers Still Have Lot Of Potential Left (CI, JPM, F)
Thursday, July 22, 2010 - 2:52pm | 513Read More...According to an article on TheStreet, while some of the stock picks of Goldman Sachs have failed to make an impression, several of the last year’s conviction-buy recommendations have outperformed the stock-market benchmarks. Goldman Sachs says that stocks on its "conviction buy" list "represent...
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BlackRock (BLK) Shares Fall Nearly 3%
Monday, May 24, 2010 - 8:30pm | 98Read More...Shares of Shares of BlackRock Inc (NYSE: BLK) closed Monday trading down nearly 3% at $161.96 per share. Volume of 586,313 shares was slightly less than the daily average volume of 625,164 shares. Shares of BlackRock Inc had a trading range of $161.95 to $169.68 per share. The fall in share price...
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AMB Property (AMB) Shares Fall 4%
Monday, May 24, 2010 - 6:25pm | 110Read More...Shares of AMB Property Corporation (NYSE: AMB) closed Monday trading down 4.07% at $24.53 per share. Volume of nearly 2.7 million shares was about 1.2 times higher than the daily average volume of nearly 2.2 million shares. Shares of AMB Property Corporation had a trading range of $24.33 to $25.08...
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Shares Of Jefferies Group (JEF) Down Nearly 3.5%
Monday, May 24, 2010 - 6:12pm | 103Read More...Shares of Jefferies Group Inc (NYSE: JEF) closed Monday trading down 3.47% at $22.54 per share. Volume of 1.5 million shares was slightly lower than the daily average volume of 1.7 million shares. The day's trading range for shares of Jefferies Group Inc was between $22.52 and $23.32 per share....
