Latest news with #ScottSiefers
Business Insider
19-07-2025
- Business
- Business Insider
Piper Sandler Remains a Hold on Regions Financial (RF)
Piper Sandler analyst Scott Siefers maintained a Hold rating on Regions Financial yesterday and set a price target of $26.00. The company's shares closed yesterday at $26.01. 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, Siefers is a 5-star analyst with an average return of 12.1% and a 63.16% success rate. Siefers covers the Financial sector, focusing on stocks such as JPMorgan Chase, Citigroup, and Fifth Third Bancorp. In addition to Piper Sandler, Regions Financial also received a Hold from Bank of America Securities's Ebrahim Poonawala in a report issued on July 13. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on Regions Financial (NYSE: RF). The company has a one-year high of $27.96 and a one-year low of $17.74. Currently, Regions Financial has an average volume of 8.51M. Based on the recent corporate insider activity of 21 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 RF in relation to earlier this year. Most recently, in May 2025, Brian R Willman, the SEVP of RF sold 8,185.00 shares for a total of $174,831.60.
CNBC
09-07-2025
- Business
- CNBC
Entire banking space has a decent backdrop, says Piper Sandler's Scott siefers
Scott Siefers, Piper Sandler senior research analyst, joins 'Squawk Box' to discuss the Wall Street downgrades on financial stocks, Siefers' thoughts on the regional stocks and much more.
Yahoo
30-06-2025
- Business
- Yahoo
What's next after strong bank stress tests?
Large banks soared through the Federal Reserve's annual stress test this year, demonstrating excess capital positions across the industry. But industry may take the results more as a signal of a positive regulatory direction than as a barometer for banks' financial health. While the test results in the past have been used as a barometer for near-term dividend or share repurchase plans, analysts and bankers expected a favorable turnout this year, said Piper Sandler analyst Scott Siefers. "Everybody won," Siefers said in a Monday interview. "The results overall were just so much better than even optimistic people had really figured they would be." Nearly all of the 22 banks tested this year showed they have capital levels far above their regulatory minimums — and plenty to weather an economic downturn. While exact capital requirements are still in flux, nearly all banks are poised to benefit — or at least not be impeded — by the regulator's latest exam. Banks are expected to release near-term commentary on dividends tomorrow after the market closes, now that they have more clarity on their capital situations. Most will likely hold off on sharing much detail on their other capital plans, like share repurchases or acquisition appetite, until second-quarter earnings presentations next month, Siefers said. The results didn't make as much of a splash this year for the individual companies, or their investors, Siefers said. The results drove minimal market movement on Monday, with the KBW Nasdaq Bank Index rising less than 1%. "I think the market also has appropriately concluded that the stress test results in and of themselves, while I don't want to minimize their importance…the group has so much capital right now that whether or not we got this same result, there was still going to be a lot of access to capital," Siefers said. Results were expected to be stronger this year than last year, in part because banks were starting from a better financial position, including pre-provision net revenue and credit quality. Additionally, the Fed's worst-case scenario in this year's exam was modeled for milder adverse economic conditions than last year's. "It starts to beg the question, 'Have we made the stress test exercise too mild and predictable?'" said Laurent Birade, Moody's Banking Industry Practice Lead. "It's supposed to stress the system…Everybody expected the banks to come through with flying colors. Is that useful?" Even banks with some of the bigger losses in this year's exam saw solid results. Of the banks tested, Capital One Financial took the biggest hit on its massive credit card portfolio in the Fed's worst-case scenario, and saw the second-highest stress capital buffer, per analyst estimates. The regulator found that 23.4% of the bank's credit card loans would be stressed, versus an average of 17% across banks. Still, "while results aren't good, they're good enough," said Truist Securities analyst John McDonald in a bank's likely new regulatory minimum is still under 10%, according to analyst estimates, "well below" Capital One's target of around 11%, and its current level of nearly 14%. The bank's stress capital buffer, projected to be between 4.5% and 4.8%, also still marks a decrease from last year's 5.5%. In May, Capital One closed its acquisition of Discover Financial Services, creating a credit card company behemoth. The combined entity's subprime card business makes up about one-fourth to one-third of the market. Last year's losers also made up for some of those losses during this year's stress test. After a 90-basis point increase to Wells Fargo's stress capital buffer last year, which Siefers called "inexplicable," the bank's buffer appears to have logged one of the largest drops of the group, at about 130 basis points. Still, analysts and investors are more focused on the next regulatory steps, Siefers added. The Fed is currently weighing changes to the stress test process to decrease volatility, along with a proposal to lessen megabanks' capital requirements, among other regulatory changes. Additionally, banks' second-quarter earnings reports, which Birade expects will be strong, will mean more to the industry than the positive stress test results. "In two weeks from now, we won't even talk about this anymore," Birade said.
Business Insider
18-06-2025
- Business
- Business Insider
Comerica (CMA) Receives a Hold from Truist Financial
In a report released yesterday, Brian Foran from Truist Financial maintained a Hold rating on Comerica (CMA – Research Report), with a price target of $61.00. The company's shares closed yesterday at $55.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Foran covers the Financial sector, focusing on stocks such as Synchrony Financial, Capital One Financial, and Regions Financial. According to TipRanks, Foran has an average return of 3.4% and a 51.72% success rate on recommended stocks. In addition to Truist Financial, Comerica also received a Hold from Piper Sandler's Scott Siefers in a report issued on June 11. However, on June 12, Morgan Stanley maintained a Sell rating on Comerica (NYSE: CMA). CMA market cap is currently $7.29B and has a P/E ratio of 10.51.
Globe and Mail
17-05-2025
- Business
- Globe and Mail
Piper Sandler Sticks to Its Hold Rating for Bank of America (BAC)
In a report released today, Scott Siefers from Piper Sandler maintained a Hold rating on Bank of America (BAC – Research Report), with a price target of $42.00. The company's shares closed yesterday at $44.38. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Siefers is a 5-star analyst with an average return of 10.7% and a 60.17% success rate. Siefers covers the Financial sector, focusing on stocks such as Bank of America, JPMorgan Chase, and Wells Fargo. Bank of America has an analyst consensus of Strong Buy, with a price target consensus of $49.34. The company has a one-year high of $48.08 and a one-year low of $33.07. Currently, Bank of America has an average volume of 49.49M.
