Latest news with #FinancialSector
Globe and Mail
4 days ago
- Business
- Globe and Mail
Raymond James Financial (RJF) Receives a Rating Update from a Top Analyst
Citi analyst Christopher Allen maintained a Hold rating on Raymond James Financial today and set a price target of $165.00. The company's shares closed last Thursday at $160.00. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Allen covers the Financial sector, focusing on stocks such as Charles Schwab, BlackRock, and Interactive Brokers. According to TipRanks, Allen has an average return of 28.6% and an 82.38% success rate on recommended stocks. Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $155.10, which is a -3.06% downside from current levels. In a report released on June 26, TD Cowen also maintained a Hold rating on the stock with a $152.00 price target. Based on Raymond James Financial's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.79 billion and a net profit of $495 million. In comparison, last year the company earned a revenue of $3.61 billion and had a net profit of $475 million Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RJF in relation to earlier this year. Most recently, in May 2025, Bella Loykhter Allaire, the Chief Admin Officer of RJF sold 6,570.00 shares for a total of $963,227.70.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Does Capital One's Lower SCB Reflect Robust Capital Discipline?
Last week, Capital One COF announced that its preliminary Stress Capital Buffer (SCB) has been set at 4.5% by the Federal Reserve. This will be effective from Oct. 1, 2025, through Sept. 30, 2026. The requirement, determined through the 2025 Comprehensive Capital Analysis and Review (CCAR), is lower than the previously disclosed SCB of 5.5% in effect through Sept. 30, 2025. This preliminary SCB is pending final confirmation by the Fed, which is expected to be announced by Aug. 31, 2025. The development strengthens Capital One's financial position by increasing its capital flexibility. With less capital constrained by regulatory buffers, the company can allocate resources more efficiently toward strategic priorities, such as growth initiatives like acquisitions, product innovation and potential shareholder returns, including dividends and share repurchases. This optimized capital deployment supports higher returns on equity and bolsters long-term profitability. In April 2025, the Fed issued a notice of proposed rulemaking to revise how the SCB is calculated. Under the proposal, SCB requirements would be based on the average of stress test results over two consecutive years, rather than a single year. As a testament to its financial strength, in May, Capital One acquired Discover Financial in an all-stock deal valued at $35.3 billion, reshaping the credit card industry landscape, creating a behemoth and unlocking substantial value for shareholders. The company is now well-placed to capture a bigger share of spending on cards. Also, since July 2021, Capital One has maintained its quarterly dividend of 60 cents per share, with a payout ratio currently at 16% of earnings. Further, it has a share repurchase program in place. As of March 31, 2025, nearly $3.88 billion worth of repurchase authorization remained. How Capital One's Peers Fared in Terms of SCB A total of 22 financial institutions, including Capital One, were under this year's CCAR. Similar to COF, JPMorgan JPM noted that under the current SCB framework, the Fed has set its preliminary SCB requirement at 2.5%. This is lower than JPMorgan's previous SCB of 3.3%. Post-clearing the 2025 stress test, the company announced enhanced capital plans. JPMorgan intends to hike its quarterly dividend by 7.1% to $1.50 per share and authorized a share repurchase program worth $50 billion, which became effective as of July 1. Further, under CCAR, this year, Goldman 's GS SCB set by the central bank is lower than the previous year. The company's SCB will be 3.4% from Oct. 1, 2025, through Sept. 30, 2026. At present, Goldman's SCB is 6.1%. Like JPM, Goldman cleared this year's stress test and announced a raise in its quarterly dividend. The company plans to increase its dividend by 33.3% to $4 per share. Capital One's Price Performance and Zacks Rank This year, shares of Capital One have gained 23.8%, outperforming the industry 's rally of 21.9%. COF currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Capital One Financial Corporation (COF): Free Stock Analysis Report
Globe and Mail
02-07-2025
- Business
- Globe and Mail
PNC Financial (PNC) Receives a Rating Update from a Top Analyst
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on PNC Financial (PNC – Research Report), with a price target of $195.00. The company's shares closed yesterday at $186.42. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase, M&T Bank, and Bank of America. According to TipRanks, Cassidy has an average return of 19.7% and a 68.00% success rate on recommended stocks. Currently, the analyst consensus on PNC Financial is a Moderate Buy with an average price target of $196.07, a 5.18% upside from current levels. In a report released on June 26, Barclays also maintained a Buy rating on the stock with a $235.00 price target. Based on PNC Financial's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.1 billion and a net profit of $1.48 billion. In comparison, last year the company earned a revenue of $8.38 billion and had a net profit of $1.33 billion Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNC in relation to earlier this year. Last month, William Parsley, the EVP of PNC sold 7,665.00 shares for a total of $1,349,040.00.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Analysts Offer Insights on Financial Companies: Apollo Global Management (APO), BOC Hong Kong (Holdings) (OtherBNKHF) and PayPal Holdings (PYPL)
Analysts have been eager to weigh in on the Financial sector with new ratings on Apollo Global Management (APO – Research Report), BOC Hong Kong (Holdings) (BNKHF – Research Report) and PayPal Holdings (PYPL – Research Report). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Apollo Global Management (APO) Evercore ISI analyst Glenn Schorr maintained a Buy rating on Apollo Global Management on June 27 and set a price target of $150.00. The company's shares closed last Friday at $142.92. According to Schorr is a 5-star analyst with an average return of 9.8% and a 65.0% success rate. Schorr covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Acadian Asset Management, and Goldman Sachs Group. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apollo Global Management with a $156.14 average price target, an 11.2% upside from current levels. In a report issued on June 24, KBW also maintained a Buy rating on the stock with a $151.00 price target. BOC Hong Kong (Holdings) (BNKHF) Goldman Sachs analyst Gurpreet Singh maintained a Hold rating on BOC Hong Kong (Holdings) today and set a price target of HK$35.10. The company's shares closed last Tuesday at $4.65. According to Singh is a 4-star analyst with an average return of 16.4% and a 66.7% success rate. Singh covers the Financial sector, focusing on stocks such as Hong Kong Exchanges & Clearing, Japan Exchange Group, and Singapore Exchange. ;'> BOC Hong Kong (Holdings) has an analyst consensus of Moderate Buy, with a price target consensus of $4.34. PayPal Holdings (PYPL) In a report released today, Matthew Coad from Truist Financial maintained a Sell rating on PayPal Holdings. The company's shares closed last Friday at $73.64. According to Coad is a 2-star analyst with an average return of 2.1% and a 40.0% success rate. Coad covers the Technology sector, focusing on stocks such as Fidelity National Info, Holdings, and Shift4 Payments. ;'> Currently, the analyst consensus on PayPal Holdings is a Moderate Buy with an average price target of $80.04.
Bloomberg
09-06-2025
- Business
- Bloomberg
Banking Groups Urge US Treasury to Improve Security After Email Hack
Financial-sector trade groups are urging the US Treasury Department to bolster its cybersecurity in response to hackers intercepting the sensitive emails of more than 100 bank regulators for more than a year. In a letter sent Monday to Treasury Secretary Scott Bessent, the associations urged federal regulators to strengthen their data-protection standards and inform organizations they oversee about security breaches affecting their data within three days. They also suggested that regulators stop requiring banks and other financial institutions to submit sensitive information through online portals or email.
