Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Scott Siefers"


5 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanking sector looks to be in good shape to weather this current storm: Piper Sandler's SiefersScott Siefers, managing director and senior research analyst at Piper Sandler, joins 'Squawk Box' to discuss the status of the banking sector, how many banks can use risk-weighted capital, and more.
The repercussions from the ongoing banking crisis will take some time to play out, but Piper Sandler has names for investors to start sorting through among the wreckage. Even so, banks are dealing with tightening lending standards and rising costs that will continue to weigh on the sector. Still, some banks with strong deposit and liquidity characteristics can help investors find safe harbor, according to Piper Sandler. Here are three overweight-rated, mid-cap bank stocks that Piper Sandler highlighted: The analysts named SouthState Corporation to their list, saying they have confidence in the bank's ability to outperform peers because of its "strong low-cost, core deposit base." First Interstate BancSystem was named to the list because of its lower cost deposit base, its relatively insulated location, and its strong dividend yield.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan is always a ‘go-to in times of skittishness,’ says Piper Sandler's Scott SiefersScott Siefers, managing director and senior research analyst at Piper Sandler, joins ‘Closing Bell’ to discuss the latest bank sell-off, the bank stock investors should look for in times of uncertainty and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional banks will be a volatile group for some time, says Piper Sandler's SiefersScott Siefers, managing director and senior research analyst at Piper Sandler, joins 'Squawk Box' to discuss his thoughts about regional banks, how many unrealized losses there are in the industry, and more.
After what happened with bank stocks Monday, investor attention is going to shift to the Goldman Sachs US Financial Services Conference that opens today. Regional bank stocks tend to move with the S & P, so that is a very big selloff, and volumes were elevated as well. Others think investors are simply catching up with the "higher for longer" interest rate environment. You hear 'recession' and you sell bank stocks," Wells Fargo's long-time bank analyst Mike Mayo said on CNBC yesterday. "If we are entering a slower growth economy, will banks have to put aside more money for loans going bad?," Siefers told me.
Total: 5