Latest news with #GerardCassidy
Globe and Mail
4 days ago
- Business
- Globe and Mail
US Bancorp (USB) Receives a Rating Update from a Top Analyst
RBC Capital analyst Gerard Cassidy maintained a Buy rating on US Bancorp yesterday and set a price target of $50.00. The company's shares closed yesterday at $45.21. Elevate Your Investing Strategy: 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. According to TipRanks, Cassidy is a top 25 analyst with an average return of 21.0% and a 71.60% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase, M&T Bank, and Morgan Stanley. In addition to RBC Capital, US Bancorp also received a Buy from Piper Sandler's Scott Siefers in a report issued today. However, on the same day, KBW maintained a Hold rating on US Bancorp (NYSE: USB). USB market cap is currently $71.17B and has a P/E ratio of 10.82. Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USB in relation to earlier this year.
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Businessweek Daily: Trump Signs Stablecoin Bill
Today's show features: Frank Speiser, CEO of Metafide on 'Crypto Week' and the US Congress passing the first federal legislation to regulate stablecoins Katie Hubbard, EVP of Capital Markets for Walton Global on housing data and the US real estate market Bloomberg News White House Editor Jordan Fabian with the latest from the White House including and President Trump seeking the release of grand jury testimony from the prosecution of Jeffrey Epstein Gerard Cassidy, Head of US Bank Equity Strategy and Large Cap Bank Analyst at RBC Capital Markets with a recap of this week's financial sector earnings
CNBC
16-07-2025
- Business
- CNBC
RBC Capital Markets' Gerard Cassidy: Resiliency of consumer credit quality prevails
Gerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy, joins CNBC's 'Squawk on the Street' to discuss what stands out to him in bank earnings, when deregulation could appear in results, and more.
Bloomberg
16-07-2025
- Business
- Bloomberg
Goldman Reports Historic Trading Revenue
Gerard Cassidy, RBC Capital Markets Head of US Bank Equity Strategy & Large Cap Bank Analyst, says increased volatility is one of the reasons why Goldman is seeing better trading numbers this quarter. (Source: Bloomberg)
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.
