Breaking News

Barclays analyst Omar Fall raised the firm's price target on Societe Generale to EUR 16.80 from EUR 16.30 and keeps an Underweight rating on the shares.

JPMorgan analyst Steven Alexopoulos raised the firm's price target on SVB Financial to $550 from $440 and keeps an Overweight rating on the shares. The company's Q4 results from "demonstrated yet again that this is the bank of the innovation economy," Alexopoulos tells investors in a research note. The analyst continues to see SVB as a "dominant player" in the regional banking industry which should see "years of continued outsized top and bottom line growth."

RBC Capital analyst Jon Arfstrom raised the firm's price target on SVB Financial to $508 from $494 and keeps an Outperform rating on the shares. The company reported "favorable" core trends with its Q4 earnings beat that featured a very robust balance sheet growth and healthy fee income, the analyst tells investors in a research note.

Wells Fargo analyst Jared Shaw raised the firm's price target on SVB Financial to $400 from $325 and keeps an Equal Weight rating on the shares. While Shaw continues to think there is downside risk, with shares trading at double the industry multiple, "you can't argue with results," he says. Growth in 2020 was "exceptional," and Shaw says the trends seem to be supported to continue into 2021.

RBC Capital analyst Gerard Cassidy raised the firm's price target on BNY Mellon to $49 from $43 but keeps a Sector Perform rating on the shares. The analyst notes that the company has had to endure a low interest rate environment, which has driven down its net interest margin, increased money market fee waivers, and bloated its balance sheet over the last 12 months. Cassidy adds however that the Federal Reserve's action to lift the suspension of bank stock buybacks should enable the company to "unlatch the hatches" and start returning the excess capital to shareholders.

Citi analyst Keith Horowitz lowered the firm's price target on BNY Mellon to $55 from $57 and keeps a Buy rating on the shares. The post-earnings selloff in the shares "felt to be a bit overdone," Horowitz tells investors in a research note. While flat fee growth year-over-year is "tough to swallow" in context of expenses up 1.5%, excluding the fee waivers, fee growth should be up 3% year-over-year, meaning 150 basis points of positive fee leverage "which is a decent outlook," Horowitz tells investors in a research note.