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Fly News Breaks for August 27, 2015
BKU, WBS, SIVB
Aug 27, 2015 | 08:10 EDT
Wells Fargo says that the pullback in mid-cap bank stocks has been overblown. The stocks have been pulled down amid concerns about overseas markets and a delay in interest rate hikes, according to the firm. However, the mid-cap banks "are generally not exposed to international markets" and have dealt with low rates for some time, according to Wells. The firm identifies SVB Financial (SIVB), Webster Financial (WBS), and BankUnited (BKU) as its favorite names in the sector. It keeps Outperform rating on all the stocks named.
News For SIVB;WBS;BKU From the Last 2 Days
WBS
Apr 24, 2024 | 07:13 EDT
WBS
Apr 24, 2024 | 06:37 EDT
WBS
Apr 24, 2024 | 05:35 EDT
Barclays analyst Jared Shaw lowered the firm's price target on Webster Financial to $65 from $70 and keeps an Overweight rating on the shares post the Q1 report. The company's loan and deposits trends struggled, pressuring spread, while credit costs are ticking higher, the analyst tells investors in a research note.
