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Recommendations
Odeon's Bove upgrades JPMorgan, downgrades four other banks in defensive shift » 09:31
02/03/20
02/03
09:31
02/03/20
09:31
JPM

JPMorgan

$132.40 /

-3.51 (-2.58%)

, GS

Goldman Sachs

$237.67 /

-6.52 (-2.67%)

, C

Citi

$74.41 /

-1.99 (-2.60%)

, RF

Regions Financial

$15.56 /

-0.05 (-0.32%)

, TFC

Truist Financial

$51.57 /

-0.55 (-1.06%)

As previously reported,…

As previously reported, Odeon Capital analyst Dick Bove upgraded JPMorgan (JPM) to Buy from Hold and downgraded four other big bank stocks - Goldman Sachs (GS), Citi (C), Regions Financial (RF) and Truist Financial (TFC) - all to Hold from Buy as he adjusted his ratings to create "what I hope is a defensive bank portfolio," the analyst told investors in a note prior to the open. He "cannot think of any reason to buy a bank stock right now," Bove wrote in the headline of his briefing note for this morning.

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Downgrade
Regions Financial downgraded to Hold from Buy at Odeon Capital » 09:26
02/03/20
02/03
09:26
02/03/20
09:26
RF

Regions Financial

$15.56 /

-0.05 (-0.32%)

Odeon Capital analyst…

Odeon Capital analyst Dick Bove downgraded Regions Financial to Hold from Buy.

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Over a month ago
Upgrade
Regions Financial upgraded to Buy after earnings at Janney Montgomery Scott » 09:21
01/21/20
01/21
09:21
01/21/20
09:21
RF

Regions Financial

$16.36 /

-0.31 (-1.86%)

As previously reported,…

As previously reported, Janney Montgomery Scott analyst Christopher Marinac upgraded Regions Financial to Buy from Neutral with an $18.50 fair value estimate, stating that he believes the company's credit quality details "received more scrutiny than necessary" when Regions announced its Q4 results and 2020 outlook on Friday. The company has plenty of profits to cover a minor charge-off increase in 2020 and its cash dividend yield is "secure," Marinac tells investors.

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Regions Financial upgraded to Buy from Neutral at Janney Montgomery Scott » 08:19
01/21/20
01/21
08:19
01/21/20
08:19
RF

Regions Financial

$16.36 /

-0.31 (-1.86%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Christopher Marinac upgraded Regions Financial to Buy from Neutral with an $18.50 fair value estimate.

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Hot Stocks
Regions Financial reports Q4 net interest margin 3.39% vs. 3.44% in Q3 » 06:03
01/17/20
01/17
06:03
01/17/20
06:03
RF

Regions Financial

$16.67 /

+0.34 (+2.08%)

Compared to 3.52% a year…

Compared to 3.52% a year ago.

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Hot Stocks
Regions Financial CEO says 'well positioned to meet performance goals for 2020' » 06:01
01/17/20
01/17
06:01
01/17/20
06:01
RF

Regions Financial

$16.67 /

+0.34 (+2.08%)

"Regions delivered…

"Regions delivered strong financial results in 2019 by focusing on our customers, maintaining expense discipline and proactively managing our business to address evolving market dynamics," said John Turner, President and CEO. "Adjusted revenue grew 2 percent, the adjusted efficiency ratio improved 130 basis points, and we generated the highest pre-tax pre-provision income in over a decade. We are well positioned to meet our performance goals for 2020 by executing our strategic plan and delivering consistent, sustainable performance."

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Earnings
Regions Financial reports Q4 EPS 38c, consensus 39c » 06:00
01/17/20
01/17
06:00
01/17/20
06:00
RF

Regions Financial

$16.67 /

+0.34 (+2.08%)

Reports Q4 revenue…

Reports Q4 revenue $1.48B, consensus $1.48B.

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Earnings
Notable companies reporting before tomorrow's open » 20:25
01/16/20
01/16
20:25
01/16/20
20:25
SLB

Schlumberger

$38.76 /

+0.46 (+1.20%)

, STT

State Street

$81.01 /

-0.215 (-0.26%)

, FAST

Fastenal

$37.32 /

+0.52 (+1.41%)

, CFG

Citizens Financial

$39.57 /

+0.62 (+1.59%)

, KSU

Kansas City Southern

$161.80 /

+2.07 (+1.30%)

, RF

Regions Financial

$16.67 /

+0.34 (+2.08%)

, JBHT

J.B. Hunt

$119.78 /

+0.82 (+0.69%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Schlumberger (SLB), consensus 37c... State Street (STT), consensus $1.69... Fastenal (FAST), consensus 31c... Citizens Financial (CFG), consensus 95c... Kansas City Southern (KSU), consensus $1.85... Regions Financial (RF), consensus 39c... J.B. Hunt (JBHT), consensus $1.52.

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Earnings
Notable companies reporting before tomorrow's open » 12:42
01/16/20
01/16
12:42
01/16/20
12:42
SLB

Schlumberger

$38.73 /

+0.43 (+1.12%)

, STT

State Street

$80.26 /

-0.96 (-1.18%)

, FAST

Fastenal

$36.95 /

+0.15 (+0.41%)

, CFG

Citizens Financial

$39.59 /

+0.64 (+1.64%)

, KSU

Kansas City Southern

$160.32 /

+0.59 (+0.37%)

, RF

Regions Financial

$16.50 /

+0.17 (+1.04%)

, JBHT

J.B. Hunt

$119.15 /

+0.19 (+0.16%)

Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Schlumberger (SLB), consensus 37c... State Street (STT), consensus $1.69... Fastenal (FAST), consensus 31c... Citizens Financial (CFG), consensus 95c... Kansas City Southern (KSU), consensus $1.85... Regions Financial (RF), consensus 39c... J.B. Hunt (JBHT), consensus $1.52.

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Recommendations
Buckingham says buy brokerage stocks over banks in 2020 » 07:52
01/09/20
01/09
07:52
01/09/20
07:52
BAC

Bank of America

$34.98 /

+0.35 (+1.01%)

, BK

BNY Mellon

$51.31 /

+0.06 (+0.12%)

, C

Citi

$79.38 /

+0.64 (+0.81%)

, JPM

JPMorgan

$136.96 /

+1.1 (+0.81%)

, MS

Morgan Stanley

$51.56 /

+0.64 (+1.26%)

, STT

State Street

$81.50 /

-0.43 (-0.52%)

, RF

Regions Financial

$16.45 /

+0.1 (+0.61%)

, WFC

Wells Fargo

$52.81 /

+0.15 (+0.28%)

, GS

Goldman Sachs

$237.77 /

+2.29 (+0.97%)

, NTRS

Northern Trust

$106.81 /

+0.98 (+0.93%)

Buckingham analyst James…

Buckingham analyst James Mitchell told investors in a research note that he would emphasize the brokerage stocks over the banks this year, as not only are they less expensive, but that expectations around growth embedded in consensus are quiet modest. The analyst upgraded Goldman Sachs (GS) and downgraded Northern Trust (NTRS), and said Citi (C) remains a top pick for the second year in a row. He also emphasized Morgan Stanley (MS) and Regions Financial (RF) as the cheapest brokers relative to historical multiples in his coverage universe. The analyst raised his price target for Bank of America (BAC) to $40 from $35, for BNY Mellon (BK) to $56 from $50, for Citi to $100 from $86, for JPMorgan (JPM) to $140 from $122, for Morgan Stanley to $65 from $55, for State Street (STT) to $95 from $84, for Regions Financial to $110 from $108 and for Wells Fargo to $55 from $47.

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