Financials

JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings

JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 10.5% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 9.33% B of A Securities $177 → $188 Maintains Buy 01/02/2024 23.29% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 41.32% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 -1.13% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 -0.55% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 35.5% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 11.08% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 8.75% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023 25.04% Oppenheimer $219 → $215 Maintains Outperform 09/12/2023 -8.11% RBC Capital → $158 Reiterates Outperform → Outperform 09/12/2023 4.1% Morgan Stanley $173 → $179 Maintains Overweight 09/08/2023 -8.11% RBC Capital → $158 Reiterates Outperform → Outperform […]

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Wells Fargo (NYSE:WFC) stock Analyst Ratings

Wells Fargo (NYSE:WFC) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 3.2% Deutsche Bank → $51 Downgrades Buy → Hold 01/08/2024 11.29% Baird → $55 Downgrades Outperform → Neutral 01/02/2024 33.55% Barclays $54 → $66 Maintains Overweight 12/14/2023 13.48% Odeon Capital → $56.08 Upgrades Hold → Buy 12/08/2023 -4.9% Piper Sandler $45 → $47 Maintains Neutral 12/06/2023 11.29% Raymond James $52 → $55 Maintains Strong Buy 12/04/2023 9.27% Morgan Stanley $52 → $54 Maintains Overweight 12/01/2023 1.17% Goldman Sachs $45 → $50 Maintains Buy 10/16/2023 9.27% BMO Capital $52 → $54 Maintains Market Perform 09/22/2023 -10.97% Deutsche Bank $44 → $44 Reiterates Buy → Buy 09/07/2023 -8.94% HSBC → $45 Initiates Coverage On → Hold 08/01/2023 5.22% Morgan Stanley $49 → $52 Maintains Overweight 08/01/2023 6.23% Atlantic Equities $50 → $52.5 Maintains Overweight 07/18/2023 -0.85% Morgan Stanley $47 → $49 Maintains

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Raymond James Financial (NYSE:RJF) Stock Analyst Ratings

Raymond James Financial (NYSE:RJF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 4.86% Jefferies $112 → $117 Downgrades Buy → Hold 01/04/2024 8.44% TD Cowen → $121 Initiates Coverage On → Market Perform 01/03/2024 3.96% Goldman Sachs → $116 Downgrades Buy → Neutral 10/30/2023 -10.38% Morgan Stanley $110 → $100 Maintains Equal-Weight 10/10/2023 5.75% Jefferies $128 → $118 Maintains Buy 09/22/2023 3.07% Citigroup $120 → $115 Maintains Neutral 09/19/2023 8.44% JP Morgan → $121 Initiates Coverage On → Neutral 09/11/2023 9.34% B of A Securities → $122 Initiates Coverage On → Buy 08/01/2023 -1.42% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/31/2023 -1.42% Morgan Stanley $112 → $110 Maintains Equal-Weight 07/21/2023 0.38% Morgan Stanley → $112 Assumes → Equal-Weight 06/05/2023 0.38% Jefferies $136 → $112 Maintains Buy 04/28/2023 -3.21% Keefe, Bruyette & Woods $109 → $108 Maintains Market Perform 04/27/2023 -3.21%

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S&P Global (NYSE:SPGI) Stock Analyst Ratings

S&P Global (NYSE:SPGI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 4.59% Raymond James $422 → $452 Maintains Outperform 10/05/2023 -6.75% Raymond James $421 → $403 Maintains Outperform 10/03/2023 -1.89% Morgan Stanley $450 → $424 Maintains Overweight 07/28/2023 4.36% Baird $460 → $451 Maintains Outperform 07/28/2023 2.04% Oppenheimer $425 → $441 Maintains Outperform 07/28/2023 8.75% Barclays $425 → $470 Maintains Overweight 07/13/2023 4.13% Wells Fargo $415 → $450 Maintains Overweight 07/12/2023 -2.58% Raymond James $413 → $421 Maintains Outperform 07/10/2023 -1.2% Morgan Stanley $400 → $427 Maintains Overweight 06/15/2023 7.6% B of A Securities → $465 Initiates Coverage On → Buy 06/14/2023 0.42% RBC Capital → $434 Reiterates Outperform → Outperform 05/09/2023 -3.97% Wells Fargo → $415 Initiates Coverage On → Overweight 04/28/2023 -6.06% Oppenheimer $405 → $406 Maintains Outperform 04/28/2023 -5.13% BMO Capital $404 → $410 Maintains Outperform 04/28/2023 -7.44%

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Goldman Sachs (NYSE:GS) Stock Analyst Ratings

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 9.21% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 27.89% Barclays $437 → $493 Maintains Overweight 12/04/2023 -13.62% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 21.4% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 15.95% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 14.14% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 14.14% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -14.66% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 16.73% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 -1.43% Citigroup $400 → $380 Maintains Neutral 09/12/2023 16.73% JMP Securities → $450 Reiterates Market Outperform → Market Outperform 09/07/2023 4.54% HSBC → $403 Initiates Coverage On → Buy 08/18/2023 19.58% Oppenheimer $483 → $461 Maintains Outperform 08/01/2023 -8.95% Atlantic Equities $330 → $351 Upgrades Underweight → Neutral 07/25/2023

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CFRA Keeps Buy Opinion On Shares Of Jefferies Financial Group, Inc.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our target price at $47, using a forward P/E of 14.0x our FY 2024 (Nov.) EPS estimate, a slight discount to JEF’s five-year average multiple (14.8x). We keep our 2024 EPS estimate at $3.38 and 2025’s at $4.36. JEF reported Q4 2023 EPS of $0.29 vs. $0.57, a $0.08 consensus beat on revenues that came in 4% above consensus. Net revenues fell 17% Y/Y, as a weak 2023 for the capital markets came to a close. Investment banking (IB) revenues rose slightly Y/Y (+2%), on weak comps, driven by a significant improvement in underwriting (+53%), but offset by weakness in advisory (-18% Y/Y). Capital Markets (CM) revenues also saw a modest improvement (+1% Y/Y), with Equity CM up 8% Y/Y, but Debt CM pulling back

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MSCI (NYSE:MSCI) Stock Analyst Ratings

MSCI (NYSE:MSCI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 11.35% Oppenheimer $572 → $601 Maintains Outperform 01/05/2024 — Raymond James Downgrades Outperform → Market Perform 12/13/2023 11.16% Morgan Stanley $526 → $600 Upgrades Equal-Weight → Overweight 11/01/2023 5.6% RBC Capital → $570 Reiterates Outperform → Outperform 11/01/2023 11.16% Barclays $650 → $600 Maintains Overweight 11/01/2023 -2.55% Morgan Stanley $532 → $526 Maintains Equal-Weight 11/01/2023 -1.25% Raymond James $577 → $533 Maintains Outperform 10/18/2023 11.16% JP Morgan $610 → $600 Maintains Overweight 10/05/2023 13.57% Oppenheimer $620 → $613 Maintains Outperform 09/14/2023 2.64% Redburn Partners → $554 Downgrades Buy → Neutral 07/27/2023 7.83% Goldman Sachs $510 → $582 Maintains Neutral 07/26/2023 -1.44% Morgan Stanley $515 → $532 Maintains Equal-Weight 07/26/2023 0.97% RBC Capital → $545 Reiterates Outperform → Outperform 07/26/2023 18.57% Wells Fargo $570 → $640 Maintains Overweight 07/26/2023 20.42% Barclays $600

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Jefferies Announces Fourth Quarter 2023 Financial Results

Jefferies Announces Fourth Quarter 2023 Financial Results NEW YORK–(BUSINESS WIRE)–January 08, 2024– Jefferies Financial Group Inc. (NYSE: JEF): Q4 Financial Highlights — Net earnings attributable to common shareholders of $66 million, or $0.29 per diluted common share — Annualized return on adjusted tangible equity1 of 3.8% — Net revenues of $1.20 billion — Investment Banking net revenues of $577 million — Capital Markets net revenues of $481 million — Asset Management net revenues (before allocated net interest4) of $155 million — Please refer to the just-released Jefferies Financial Group Annual Letter from our CEO and President for broader perspective on 2023, as well as our strategy and outlook — At November 30, 2023, we had 210.6 million common shares outstanding and 252.4 million shares outstanding on a fully diluted basis2. Our book value per common share was $46.10 and tangible book value per fully diluted share3 was $30.82 at November

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Jefferies Financial Gr Q4 Earnings

Jefferies Financial Gr (NYSE:JEF) reported its Q4 earnings results on Monday, January 8, 2024 at 04:15 PM. Here’s what investors need to know about the announcement. Earnings Jefferies Financial Gr missed estimated earnings by 11.76%, reporting an EPS of $0.3 versus an estimate of $0.34. Revenue was down $241.00 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.1 which was followed by a 1.88% increase in the share price the next day. Here’s a look at Jefferies Financial Gr’s past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.33 0.27 0.43 0.57 EPS Actual 0.23 0.06 0.55 0.57 Revenue Estimate 1.25B 1.04B 1.09B 1.25B Revenue Actual 1.18B 1.04B 1.28B 1.44B To track all earnings releases for Jefferies Financial Gr visit their earnings calendar here.

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Jefferies Says It Is Hopeful 2023 Marked ‘Trough Year’

Jefferies is hopeful that 2023 will mark a “trough year” and that business will back up from here, Chief Executive Richard Handler and President Brian Friedman say in a joint statement issued alongside the bank’s 4Q results. In the company’s investment-banking unit, “curtailed new capital markets issuance was compounded by a dampening of merger and acquisition activity among our corporate and sponsor clients,” the executives say. Revenue for the quarter fell 17% and earnings were cut in half.

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Franklin Resources (NYSE:BEN) stock Analyst Ratings

Franklin Resources (NYSE:BEN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 3.56% Wells Fargo $24 → $30 Upgrades Underweight → Equal-Weight 01/04/2024 10.46% TD Cowen → $32 Initiates Coverage On → Market Perform 11/02/2023 -24.06% Morgan Stanley $23 → $22 Maintains Underweight 10/11/2023 -17.16% Deutsche Bank $26 → $24 Maintains Hold 10/06/2023 -20.61% Morgan Stanley $24 → $23 Maintains Underweight 08/08/2023 -17.16% Morgan Stanley $23 → $24 Maintains Underweight 08/01/2023 -15.43% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -15.43% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -6.8% BMO Capital $24 → $27 Maintains Market Perform 07/25/2023 -20.61% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/13/2023 -10.25% Wells Fargo $25.5 → $26 Maintains Underweight 07/12/2023 -20.61% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/10/2023 -17.16% BMO Capital $20 → $24 Assumes Market Perform → Market Perform

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