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Top related persons:
BancShares - 1 John Heagerty - 1 Heagerty - 1 — CNBC's Michael Bloom - 1
Top related locs:
Silicon 2Q23E
Top related orgs:
Bank - 1 First - 1

Search resuls for: "John Heagerty"


4 mentions found


☆ Buy this regional bank stock that has 50% upside, Atlantic Equities says
  + stars: | 2023-06-28 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
First Citizens ' acquisition of Silicon Valley Bank will be fruitful for the bank's stock, according to Atlantic Equities. Atlantic Equities' forecast implies nearly 50% upside from Tuesday's close of $1,183.76. FCNCA YTD mountain First Citizen's stock has climbed more than 56% this year. Analyst John Heagerty highlighted the acquisition of Silicon Valley bank as a potential catalyst for the stock's growth, and noted the purchase "provides clear scale benefits and geographic diversification." "The SVB acquisition has transformed FCNCA's operations both in terms of the strategic benefits and the financial upside," he noted.
Persons: BancShares, John Heagerty, Heagerty, — CNBC's Michael Bloom Organizations: Bank, First Locations: Silicon, 2Q23E
☆ Wall Street is surprised by First Republic's falling stock. Here's how the bank compares to SVB
  + stars: | 2023-03-13 | by ( Jesse Pound | ) www.cnbc.com   time to read: +6 min
FRC 1D mountain First Republic's stock was down by more than 75% at one point on Monday. The dramatic slide puzzled many Wall Street analysts, however, who still see First Republic as a strong bank even after SVB's demise. Here's a look at some of the pressure points for First Republic and how it compares to SVB. First Republic's deposit mix has likely changed in recent days, though the company has not released updated numbers. Another consideration is that First Republic's loans are largely residential real estate.
☆ Atlantic Equities downgrades Bank of America, cites growing interest margin pressure on banks
  + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Bank of America shares could struggle as a key financial indicator for banks shows tightening, according to Atlantic Equities. Heagerty said investors have started focusing on potential net interest margin declines in 2024 and the headwinds they would create for revenue. He added that the upside to net interest income for the current year is already priced into the stock. Industry wide, he called net interest income forecasts for 2023 "slightly disappointing." Besides Bank of America, Heagerty reiterated his other bank stock ratings.
☆ U.S. banks already provisioned for looming recession, analyst says
  + stars: | 2022-10-17 | 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 EmailU.S. banks already provisioned for looming recession, analyst saysJohn Heagerty, partner at Atlantic Equities, discusses U.S. bank earnings and how the lenders are preparing for a worsening outlook for the U.S. economy
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