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☆ JPMorgan's net interest income was a bit of a disappointment, says UBS analyst Erika Najarian
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's net interest income was a bit of a disappointment, says UBS analyst Erika NajarianErika Najarian, UBS bank analyst, joins 'Squawk on the Street' to discuss JPMorgan's stock slide post-earnings, potential rate cuts that impact the bank's business, and more.

Persons: Erika Najarian Erika Najarian Organizations: UBS

☆ Here come JPMorgan's earnings. These are the key things traders are watching for in the report
▼ + stars: | 2024-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The banking giant is expected to report earnings of $4.15 per share and $41.84 billion in revenue, according to LSEG. Many analysts also anticipate an upward revision to net interest income guidance, with the firm already forecasting $90 billion for the full year. Graseck views JPMorgan as one of the best-positioned stocks for upward net interest income revisions, also highlighting its significant excess capital relative to others within the firm's coverage. What else to watch If not during earnings, this upward guidance adjustment to net interest income could occur at JPMorgan's investor day in May, she said. Another key figure some analysts are watching is earnings from First Republic, which the company took over in May 2023 .

Persons: JPM, Piper Sandler's Scott Siefers, Morgan Stanley's Betsy Graseck, Graseck, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Erika Najarian, NII, Wells, Mike Mayo, Ramsden Organizations: JPMorgan, Wall Street, Management, Bank, America's, First Locations: buybacks, First Republic, Republic

Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share. The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target. The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320. The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday. Meta stock has surged more than 43% in 2024.

Persons: Morgan Stanley, Pamela Kaufman, Kaufman, — Jesse Pound, Mark Zgutowicz, — Brian Evans, Oliver Wintermantel, Wintermantel, Brian Evans, Morgan Stanley's Adam Jonas, Morgan Stanley's, Adam Jonas, Tesla's, Jonas, Tesla, — Brian Evans TSLA, Oppenheimer, Coinbase, Owen Lau, Jefferies, Brent Thill, outgrow Amazon's, Meta, Thill, Erika Najarian, Najarian, BofA's Organizations: CNBC, Jefferies, Bank of America, UBS, Big Four, Meta, Hershey, ISI, Tesla Network, 2Q, Amazon, UBS downgrades Bank of America Locations: Big Four U.S, Hershey, cryptocurrency, Wednesday's, 2H24

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said. "Nobody wants to own a lot of bank stocks, whether it's large cap, mid cap, ahead of a credit crunch, ahead of a recession." Michaud, CEO of KBW:"There are a lot of healthier banks, I think, that would look to acquire the banks that have low credit performance. Reporting by Lananh Nguyen, Nupur Anand and Pete Schroeder in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Thomas Michaud, Keefe, Erika Najarian, Morgan Stanley, We're, Eugene Ludwig, Ludwig, Mitch Eitel, Sullivan, Cromwell, " Michaud, Lananh Nguyen, Nupur Anand, Pete Schroeder, Mark Potter Organizations: New York Stock, REUTERS, delinquencies, UBS, Ludwig Advisors, Federal Deposit Insurance Corp, Thomson Locations: Manhattan, New York City , New York, U.S, New York

☆ Higher interest rates have been good for banks, says UBS analyst Erika Najarian
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher interest rates have been good for banks, says UBS analyst Erika NajarianErika Najarian, UBS research analyst, joins 'Squawk on the Street' to discuss what banks earnings are saying, the loan loss provisions, and which banks clients are most interested in.

Persons: Erika Najarian Erika Najarian Organizations: UBS

☆ UBS analyst Erika Najarian: There's still a lot of 'PTSD' from the latest bank failures
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS analyst Erika Najarian: There's still a lot of 'PTSD' from the latest bank failuresErika Najarian, UBS equity research analyst, joins ‘Squawk on the Street’ to discuss the bank stocks as JPMorgan, Wells Fargo and Citigroup posted better-than-expected second-quarter earnings.

Persons: Erika Najarian, There's, Squawk, Wells Organizations: UBS, JPMorgan, Citigroup Locations: Wells Fargo

☆ Watch CNBC's full interview with UBS analyst Erika Najarian
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with UBS analyst Erika NajarianErika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss the bank stocks as JPMorgan, Wells Fargo and Citigroup posted better-than-expected second-quarter earnings.

Persons: Erika Najarian Erika Najarian, Wells Organizations: UBS, JPMorgan, Citigroup Locations: Wells Fargo

☆ Wells Fargo beats 2Q expectations. Here's what the pros are saying
▼ + stars: | 2023-07-14 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo beats 2Q expectations. Here's what the pros are sayingErika Najarian of UBS, Joe Terranova of Virtus Investment Partners and Jason Snipe of Odyssey Capital Advisors discussed Wells Fargo after the bank beat earnings and revenue expectations for the second quarter.

Persons: Erika Najarian, Joe Terranova, Jason Snipe, Wells Organizations: UBS, Virtus Investment Partners, Odyssey Capital

☆ JPMorgan investors to scrutinize First Republic takeover
▼ + stars: | 2023-05-19 | by ( Nupur Anand | ) www.reuters.com time to read: +4 min

Analysts will seek more details about the deal and JPMorgan's plans to integrate First Republic's business into the largest U.S. bank. FIRST REPUBLICJPMorgan has agreed to undertake $173 billion of the failed bank's loans, $30 billion of securities and $92 billion of deposits after First Republic was shuttered down by authorities. Dimon had said that he expects blowback from the FRC deal earlier this month in an interview on Bloomberg TV. loadingAn acquisition of this scale will raise question on integration, execution risks, employee retention among others, analysts believe. JPMorgan has made 19 acquisitions since 2020 but the last major purchase of this scale by the lender was in 2008 of Bear Stearns.

☆ UBS says it's time to start picking off some of the safer regional banks on the cheap
▼ + stars: | 2023-05-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The selloff in regional banks may have created a buying opportunity for certain investors in some of the safer, large-cap names, UBS said in a note Thursday. PacWest is the latest regional bank to lead the sector lower following the news late Wednesday that it is weighing its options , including a possible sale. The rout began in March with the collapse of Silicon Valley Bank and subsequent deposit outflows in regional banks. However, regional banks were under pressure again Thursday. The SPDR S & P Regional Bank ETF (KRE) dropped more than 8%.

☆ Pressure grows for US regulatory intervention as bank rout deepens
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +4 min

"Investors are clearly continuing to focus on remaining players that are deemed the weakest," wrote UBS banking analyst Erika Najarian on Thursday. The Federal Deposit Insurance Corp. did not respond to a request for comment. Critics say increasing deposit insurance could encourage risk-taking, and note regulators have fewer tools to rescue banks following the 2008 financial crisis. The latest crisis began in March when runs on Silicon Valley Bank and Signature Bank led to their abrupt closures, leading depositors to move their cash to bigger banks. To stem the contagion, regulators took emergency steps to reimburse all customers at the two banks, while the Fed offered lenders additional liquidity.

☆ We're at the end of the acute liquidity issues for regional banks, says UBS analyst Erika Najarian
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're at the end of the acute liquidity issues for regional banks, says UBS analyst Erika NajarianGerard Cassidy, head of U.S. bank equity strategy and bank analyst at RBC Capital Markets, and Erika Najarian, UBS equity research analyst, join 'Squawk on the Street' to discuss the status of regional banks, why J.P. Morgan's acquisition of First Republic is great for the former and much more.

☆ Watch CNBC's full interview with RBC's Gerard Cassidy and UBS analyst Erika Najarian
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with RBC's Gerard Cassidy and UBS analyst Erika NajarianGerard Cassidy, head of U.S. bank equity strategy and bank analyst at RBC Capital Markets, and Erika Najarian, UBS equity research analyst, join 'Squawk on the Street' to discuss the status of regional banks, why J.P. Morgan's acquisition of First Republic is great for the former and much more.

☆ JPMorgan acquires First Republic Bank. Here's what the experts say
▼ + stars: | 2023-05-01 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan shares pop after acquiring First Republic. Here's what the experts have to sayJim Cramer, Erika Najarian of UBS Financial Services, and Josh Brown of Ritholtz Wealth Management on what they think about JPMorgan Chase's stock after the bank acquired the ailing First Republic and most of its assets after regulators seized control.

☆ More US consumers are falling behind on payments
▼ + stars: | 2023-04-18 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +4 min

REUTERS/Andrew KellyNEW YORK, April 18 (Reuters) - Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. Citigroup also made larger provisions for credit losses even as it brought in more revenue from clients' interest payments on credit cards. "We have tightened credit standards specifically as a result of the current market environment in cards, we continue to calibrate our credit underwriting based on what we're seeing based on macroeconomic trends," Mason said. "The consumer's in great shape in terms of credit quality by any historical standards. Some of JPMorgan's customers were starting to fall behind on payments, but delinquency levels were still modest, said Jeremy Barnum, finance chief at the largest U.S. lender.

☆ Most revenue cuts already priced in to bank stocks, says UBS's Erika Najarian
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost revenue cuts already priced in to bank stocks, says UBS's Erika NajarianErika Najarian, UBS managing director of large cap banks and consumer finance, joins 'Squawk on the Street' to discuss bank Q1 earnings reports, stocks pricing in EPS cuts, and big banks versus regional.

☆ JPMorgan posts record 1Q revenue. Here's what the experts have to say
▼ + stars: | 2023-04-14 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan posts record 1Q revenue. Here's what the experts have to sayJim Cramer, Josh Brown of Ritholtz Wealth Management, Stephanie Link of Hightower Advisors, Erika Najarian of UBS and Shelby McFaddin of Motley Fool Asset Management on what they think about JPMorgan.

☆ UBS downgrades this regional bank, says 'structural uncertainties' will pressure the stock
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks the recent banking crisis has left U.S. Bancorp with limited upside. UBS noted that "structural uncertainties" remain for the company which are more of a headwind as opposed to the macro issues stemming from the regional banking crisis. USB RF YTD mountain UBS downgraded U.S. Bankcorp on Monday, citing "structural uncertainties" afflicting the company after a broader banking liquidity crisis last month. (Before the liquidity crisis.) Shares of U.S Bancorp have pulled back 18% year to date, stemming largely from a broader liquidity crisis spurred from the collapse of Silicon Valley Bank and Signature Bank last month .

☆ UBS sees a rally in these bank stocks ahead as bank crisis appears contained
▼ + stars: | 2023-03-31 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Several bank stocks appear ready to rebound in April as the failure of Silicon Valley Bank fades from investors' minds, according to UBS. UBS analyst Erika Najarian said in a note to clients that the next step could be a rebound for bank stocks. Thus, we see the stage setting for a rally into earnings," Najarian said. Two of the stocks that UBS highlighted were Comerica and Western Alliance , which are down about 38% and 52%, respectively, in March. WAL 1M mountain Western Alliance is one of many regional bank stocks that has struggled in March.

Dividend stocks may be the way to go for investors as a recession becomes more likely, according to UBS. Dividend stocks on average outperformed the market by 4.5% during the 2001, 2008 and 2020 recessions, the bank said. "Dividend stocks can provide a margin of safety during uncertain times." Given this backdrop, UBS highlighted a slew of dividend stocks with big upsides, based on the bank's price targets. Analysts also forecast three-year dividend growth that's at least in the mid-single digits, in addition to sustainable payout ratios.

☆ Fed balance sheet is telling us it's not getting any worse, says UBS analyst Erika Najarian
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed balance sheet is telling us it's not getting any worse, says UBS analyst Erika NajarianErika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss her thoughts on the banking system.

☆ Four regional bank stocks for the brave to buy, according to UBS
▼ + stars: | 2023-03-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The selloff in regional banks is overdone, with four names looking especially attractive at these levels, according to UBS. While bank stocks moved higher on Thursday, volatility has risen this week. Regional banks were particularly hard hit. Investors also need to remember that not all regional banks are equivalent, she added. "Thus, we believe that investors should not look at unrealized securities losses in a static manner," Najarian wrote.

☆ UBS analyst Erika Najarian breaks down regional banks
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS analyst Erika Najarian breaks down regional banksErika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss her thoughts about regional bank stocks as they continue to be punished.

☆ VIEW SVB meltdown triggers global drop in bank shares
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

March 10 (Reuters) - The failure of troubled tech-lender SVB Financial Group's (SIVB.O) efforts to raise capital through a stock sale rippled through global markets on Friday and sent shares of many banks tumbling. read moreShares of SVB, which does business as Silicon Valley Bank, were halted on Friday after tumbling as much as 66% earlier in premarket trading. The S&P 500 banks index (.SPXBK) dropped 0.63% on Friday after a 6.6% decline on Thursday, while the KBW Regional Banking index (.KRX) was down 2.3%. Europe's STOXX banking index (.SX7P) fell almost 5%, tracking toward its biggest one-day percentage slide since June 2022. If investors are concerned about deposit flow, why punish the stocks who have sticky, operational retail checking deposits?

☆ UBS says seek income as market upside is over and names 10 attractive dividend payers
▼ + stars: | 2023-02-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Here's 10 that made the list: AT & T made the list with a dividend yield of 5.5%. UBS has a buy rating on the telecommunications stock with a price target of $24, implying 10.7% upside over Thursday's close. Also rated a buy, UBS raised its price target by $2 in January to $56. American Electric Power , meanwhile, has a 3.6% dividend yield. UBS has a buy rating and a $113 price target, meaning the utility could rally 19.5% from Thursday's close.

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