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Fly News Breaks for February 17, 2016
USB, NTRS, MTB, PNC, WFC, JPM, BBT
Feb 17, 2016 | 08:03 EDT
RBC Capital thinks this year's decline in bank stocks has been overdone, and the firm recommends "buying bank stocks with strong balance sheets, a high return on equity and strong management teams." RBC says that investors are overlooking several trends that will benefit banks, including the healthy U.s. economy, strong credit quality and high loan growth. It recommends buying BB&T (BBT), JPMorgan (JPM,) M&T Bank (MTB), Northern Trust (NTRS), PNC (PNC), U.S. Bancorp (USB) and Wells Fargo (WFC).
News For BBT;JPM;WFC;PNC;MTB;NTRS;USB From the Last 2 Days
USB
Apr 18, 2024 | 08:42 EDT
DA Davidson lowered the firm's price target on U.S. Bancorp to $44 from $45 and keeps a Neutral rating on the shares after its Q1 results and a cut to its net interest income outlook. The revision is driven by the slower than anticipated relief on deposit migration and deposit costs owing to "higher for longer" interest rates, though the company remains optimistic as loan pipelines are strengthened and sees some period-end loan momentum for U.S. Bancorp, the analyst tells investors in a research note.
USB
Apr 17, 2024 | 16:32 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
USB
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
USB
Apr 17, 2024 | 09:41 EDT
Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).
USB
Apr 17, 2024 | 08:56 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here