Financials

JPMorgan Chase & Co. (JPM) Q4 2023 Earnings Call Transcript Summary

/ / Financials /

The following is a summary of the JPMorgan Chase & Co. (JPM) Q4 2023 Earnings Call Transcript: Financial Performance: JPMorgan Chase reported Q4 net income of $9.3 billion and revenue of $39.9 billion and for the full year, the firm reported a net income of $50 billion and revenue of $162 billion. The firm’s revenue increased by 7% year-on-year. Credit costs were $2.6 billion due to increases in Card and single-name exposures in Wholesale. Consumer & Community Banking saw an 8% year-on-year revenue increase due to strong account growth and stable consumer spend. Commercial Banking reported a 7% year-on-year revenue increase primarily driven by higher NII. JP Morgan’s Asset & Wealth Management reported a net income of $925 million with 28% pretax margin due mainly to higher management fees on strong net inflows and market levels, offset to some extent by lower NII. The estimated net interest income ex-Markets for […]

JPMorgan Chase & Co. (JPM) Q4 2023 Earnings Call Transcript Summary Read Post »

CFRA Maintains Hold Opinion On Shares Of Bank Of America Corporation

/ / Financials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price by $2 to $35 on a forward P/E of 10.6x our 2024 EPS view, in line with peers. We lower our 2024 EPS by $0.10 to $3.30 and start 2025’s at $3.40. BAC posted Q4 2023 adj. EPS of $0.70, a $0.05 earnings beat. We see total revenue of $100.4B (prior $100.6B) in 2024 and $103.2B in 2025. In Q4 2023, total loans were flat as well as total deposits of $1.9T. Total net interest income (NII) was -5% Y/Y and -3% Q/Q, while noninterest income was -19% Y/Y and -26% Q/Q. Consumer Banking was -4%, with lower NII -3% and flat Y/Y results for card income and service charges. Global Wealth and Investment Management realized a 3% revenue decline and total

CFRA Maintains Hold Opinion On Shares Of Bank Of America Corporation Read Post »

Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings

/ / Financials /

Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/10/2024 — JMP Securities Downgrades Market Outperform → Market Perform 12/19/2023 — Northland Capital Markets Downgrades Outperform → Market Perform 12/19/2023 14.2% Goldman Sachs $171 → $193 Maintains Buy 10/30/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 10/10/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/31/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/10/2023 0.59% JMP Securities $174 → $170 Maintains Market Outperform 05/03/2023 2.96% JMP Securities → $174 Reiterates → Market Outperform 04/10/2023 2.96% JMP Securities $180 → $174 Maintains Market Outperform 03/29/2023 -11.24% Northland Capital Markets $160 → $150 Maintains Outperform 02/06/2023 1.78% Goldman Sachs $153 → $172 Maintains Buy 02/06/2023 -5.33% Northland Capital Markets $135 → $160 Maintains Outperform 02/06/2023 6.51% JMP Securities $160 →

Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Read Post »

Franklin Resources (NYSE:BEN) stock Analyst Ratings

/ / Financials /

Franklin Resources (NYSE:BEN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/10/2024 3.27% UBS $26 → $30 Maintains Neutral 01/08/2024 3.27% Wells Fargo $24 → $30 Upgrades Underweight → Equal-Weight 01/04/2024 10.15% TD Cowen → $32 Initiates Coverage On → Market Perform 11/02/2023 -24.27% Morgan Stanley $23 → $22 Maintains Underweight 10/11/2023 -17.38% Deutsche Bank $26 → $24 Maintains Hold 10/06/2023 -20.83% Morgan Stanley $24 → $23 Maintains Underweight 08/08/2023 -17.38% Morgan Stanley $23 → $24 Maintains Underweight 08/01/2023 -15.66% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -15.66% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -7.06% BMO Capital $24 → $27 Maintains Market Perform 07/25/2023 -20.83% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/13/2023 -10.5% Wells Fargo $25.5 → $26 Maintains Underweight 07/12/2023 -20.83% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/10/2023 -17.38% BMO Capital $20

Franklin Resources (NYSE:BEN) stock Analyst Ratings Read Post »

BlackRock (NYSE:BLK) Stock Analyst Ratings

/ / Financials /

BlackRock (NYSE:BLK) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/10/2024 2.96% UBS $720 → $818 Maintains Neutral 01/04/2024 3.08% TD Cowen → $819 Initiates Coverage On → Market Perform 12/15/2023 -10.89% JP Morgan $708 → $708 Downgrades Overweight → Neutral 12/12/2023 11.39% Exane BNP Paribas → $885 Upgrades Neutral → Outperform 11/30/2023 -0.19% Goldman Sachs $719 → $793 Maintains Buy 10/16/2023 -10.89% JP Morgan $736 → $708 Maintains Overweight 10/16/2023 12.9% Morgan Stanley $836 → $897 Maintains Overweight 10/11/2023 0.69% Deutsche Bank $814 → $800 Maintains Buy 10/06/2023 5.22% Morgan Stanley $888 → $836 Maintains Overweight 10/04/2023 -9.38% Wells Fargo $820 → $720 Maintains Overweight 07/18/2023 11.77% Morgan Stanley $881 → $888 Maintains Overweight 07/17/2023 -1.2% Deutsche Bank $780 → $785 Maintains Buy 07/14/2023 2.58% Citigroup $750 → $815 Maintains Buy 07/12/2023 10.88% Morgan Stanley $861 → $881 Maintains Overweight 07/10/2023

BlackRock (NYSE:BLK) Stock Analyst Ratings Read Post »

Blackstone (NYSE:BX) Stock Analyst Ratings

/ / Financials /

Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/11/2024 — Oppenheimer Downgrades Outperform → Perform 01/04/2024 -2.56% TD Cowen → $118 Initiates Coverage On → Market Perform 01/03/2024 5.7% Goldman Sachs → $128 Downgrades Buy → Neutral 12/20/2023 23.86% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -13.29% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -6.69% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -22.38% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -0.91% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -4.21% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023 -6.69% HSBC → $113 Initiates Coverage On → Hold 09/05/2023 3.22% Morgan Stanley $125 → $125 Reiterates Overweight → Overweight 07/24/2023 -7.51% Goldman Sachs $98 → $112 Maintains Buy 07/21/2023 -3.39% Oppenheimer $115 → $117 Maintains Outperform 07/21/2023 3.22% Morgan Stanley $116 → $125 Maintains Overweight 07/21/2023 -19.9% BMO

Blackstone (NYSE:BX) Stock Analyst Ratings Read Post »

The IPO Market Looks Ready to Explode, Says Nasdaq CEO — Barrons.com

/ / Financials /

Eric J. Savitz Close to 100 companies recently have filed confidentiality with the Securities and Exchange Commission for initial public offerings and plan to list on Nasdaq, according to Adena Friedman, Nasdaq’s CEO. Friedman made that startling comment in a wide-ranging interview with Barron’s at the CES tech trade show in Las Vegas. If she’s right, it would suggest a major rebound for the IPO market is in the offing. The last two years were the slowest period for new issues in more than 40 years. Jay Ritter, a professor at the University of Florida, counts just nine tech IPOs in 2023, and six in 2022, down from 121 such deals in 2021. A flurry of tech IPOs in September — Arm Holdings, Klaviyo, and Maplebear (which does business as Instacart) — failed to revive the IPO market from its slumber. While Friedman cautions that we continue to live in

The IPO Market Looks Ready to Explode, Says Nasdaq CEO — Barrons.com Read Post »

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings

/ / Financials /

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 6.46% UBS $62 → $74 Maintains Neutral 01/04/2024 19.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 17.97% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 23.72% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 23.72% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 30.92% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 30.92% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 30.92% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -6.49% Citigroup $72 → $65 Maintains Neutral 04/10/2023 30.92% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 36.67% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 36.67% JMP Securities $98 → $95 Maintains Market Outperform 11/22/2022 -91.37% UBS → $6 Initiates

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Read Post »

Jefferies Financial Group Q4 Earnings, Revenue Fall; Declares Dividend

/ / Financials /

Jefferies Financial Group (JEF) reported fiscal Q4 earnings late Monday of $0.29 per diluted share, down from $0.57 a year earlier. Two analysts surveyed by Capital IQ expected $0.22. Net revenue for the quarter ended Nov. 30 was $1.20 billion, down from $1.44 billion a year earlier. Two analysts surveyed by Capital IQ expected $1.15 billion. The company also said its board maintained a quarterly dividend of $0.30 per share, payable on Feb. 27 to shareholders of record on Feb. 16.

Jefferies Financial Group Q4 Earnings, Revenue Fall; Declares Dividend Read Post »

Citigroup (NYSE:C) Stock Analyst Ratings

/ / Financials /

Citigroup (NYSE:C) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 12.13% HSBC → $61 Upgrades Hold → Buy 01/03/2024 6.62% Wolfe Research → $58 Upgrades Peer Perform → Outperform 01/02/2024 15.81% Barclays $59 → $63 Maintains Equal-Weight 12/19/2023 -4.41% Goldman Sachs $47 → $52 Maintains Neutral 12/01/2023 -13.6% Goldman Sachs $41 → $47 Maintains Neutral 11/16/2023 56.25% Oppenheimer $82 → $85 Maintains Outperform 10/16/2023 -17.28% Piper Sandler $47 → $45 Maintains Neutral 10/16/2023 21.32% BMO Capital $61 → $66 Maintains Outperform 10/16/2023 50.74% Oppenheimer $81 → $82 Maintains Outperform 10/03/2023 -20.96% Morgan Stanley $45 → $43 Maintains Underweight 10/02/2023 -24.63% Goldman Sachs $47 → $41 Maintains Neutral 09/26/2023 48.9% Oppenheimer $85 → $81 Maintains Outperform 09/20/2023 -13.6% RBC Capital $51 → $47 Maintains Outperform 09/15/2023 -13.6% Piper Sandler $50 → $47 Maintains Neutral 09/07/2023 -20.96% HSBC → $43 Initiates Coverage On

Citigroup (NYSE:C) Stock Analyst Ratings Read Post »

Morgan Stanley (NYSE:MS) Stock Analyst Ratings

/ / Uncategorized, Financials /

Morgan Stanley (NYSE:MS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 3.06% HSBC → $96 Downgrades Buy → Hold 01/04/2024 7.35% B of A Securities $95 → $100 Maintains Buy 01/02/2024 24.53% Barclays $102 → $116 Maintains Overweight 12/21/2023 -8.75% RBC Capital → $85 Reiterates Sector Perform → Sector Perform 12/19/2023 7.35% Goldman Sachs $89 → $100 Maintains Buy 11/28/2023 -14.12% Societe Generale → $80 Downgrades Buy → Hold 11/20/2023 -8.75% Exane BNP Paribas → $85 Downgrades Outperform → Neutral 11/16/2023 10.57% Oppenheimer $98 → $103 Maintains Outperform 10/23/2023 -15.03% Odeon Capital → $79.15 Downgrades Buy → Hold 10/20/2023 — Wolfe Research Upgrades Underperform → Peer Perform 10/19/2023 4.13% Evercore ISI Group $102 → $97 Maintains Outperform 10/19/2023 8.43% BMO Capital $102 → $101 Maintains Outperform 10/19/2023 5.21% Oppenheimer $100 → $98 Maintains Outperform 10/11/2023 -9.82% UBS $110 → $84 Downgrades

Morgan Stanley (NYSE:MS) Stock Analyst Ratings Read Post »

Scroll to Top