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Top related persons:
Russell - 1 Joseph Parkhill - 1 Roger Federer - 1 Jay Sole - 1 Brody Preston - 1 Preston - 1 WAL - 1 Joshua Chan - 1
Top related locs:
. Zurich Phoenix Aramark Wall
Top related orgs:
UBS - 1 Federal - 1 LSEG - 1 Western Alliance Bancorp - 1

Search resuls for: "Brody Preston"


6 mentions found


☆ Here are the top small cap picks from UBS if market rally keeps broadening out
  + stars: | 2024-03-05 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +3 min
Small-cap stocks have had a shaky start in 2024, but UBS thinks the sector is worth looking at as a potential broader market rally could boost the sector. Year to date, the Russell 2000 index of small companies is up 2% while the S & P 500 has gained 6.6%. "We view the expectations around interest rates coming down as incrementally a more supportive backdrop for SMID stocks," UBS analyst Joseph Parkhill wrote in a note last week, referring to small- to mid-cap stocks. With these factors in mind, UBS analysts compiled their list of high conviction, small- and mid-cap names which the bank believes have a unique investment thesis behind them. U.S.-traded shares of Zurich-based On have surged more than 22% in 2023, bringing the past 12 months' rally to 45%.
Persons: Russell, Joseph Parkhill, Roger Federer, Jay Sole, Brody Preston, Preston, WAL, Joshua Chan, There's, — CNBC's Michael Bloom Organizations: UBS, Federal, LSEG, Western Alliance Bancorp Locations: ., Zurich, Phoenix, Aramark, Wall
☆ Here's what analysts are saying after Western Alliance's latest update
  + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Analysts on Wall Street are optimistic on Western Alliance after the bank's latest deposit update. Shares of Western Alliance popped more than 9% in the premarket. The analyst has a $71 per share price target on Western Alliance, which represents about 125% upside from Tuesday's closing price of $31.59. WAL YTD mountain Western Alliance stock has broken out in recent days, gaining 15% in the last five trading sessions. His price target points to more than 100% upside over the next 12 months.
☆ Analysts warn regional banks stocks are in a 'negative feedback loop' and detached from fundamentals
  + stars: | 2023-05-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
The latest drop for regional bank shares is causing some Wall Street analysts to back away from their recommendations on the stocks, even if they still believe in the underlying fundamentals for the companies. Other regional banks also sold off, including a 19% drop for Western Alliance. The deposit update was not enough to reassure all Wall Street analysts about the health of regional banks, and there is concern that the drops in the stocks could reignite deposit flight. Meanwhile, RBC Capital Markets' analyst Jon Arfstrom stuck with his outperform rating on PacWest, but said only investors with strong stomachs should stick around. Western Alliance Another bank stock that has taken heavy loses in recent weeks is Western Alliance .
☆ UBS double upgrades this regional bank it sees surging more than 25%
  + stars: | 2023-04-05 | by ( Hakyung Kim | Https | Www.Linkedin.Com In Hakyungkim | ) www.cnbc.com   time to read: +1 min
First Citizens Bancshares ' acquisition of Silicon Valley Bank should result in a higher-quality earnings stream, according to UBS. Analyst Brody Preston double upgraded shares to buy from sell. The U.S. Federal Deposit Insurance Corporation announced March 27 that First Citizens would buy Silicon Valley Bank's deposits and loans less than three weeks after the collapse of the venture-capital focused bank . "We view the balance sheet as more well positioned to handle a recession going forward given the low loss nature of the SIVB loan portfolio, which should result in a higher quality earnings stream," Preston wrote in a Wednesday note. FCNCA YTD mountain First Citizens Bancshares stock —CNBC's Michael Bloom contributed to this report.
☆ These are the 3 essential questions nobody is asking after Silicon Valley Bank's implosion — and the 5 bank stocks you should be buying, according to UBS
  + stars: | 2023-03-16 | by ( James Faris | ) www.businessinsider.com   time to read: +3 min
Regional banks remain under fire after the sudden undoing of Silicon Valley Bank. UBS answered three of the biggest questions bank investors should be asking right now. Here are five of the firm's favorite regional bank stocks to buy for upside. The shocking collapse of Silicon Valley Bank, the shutdown of Signature Bank, and "material weaknesses" reported at Credit Suisse led investors to panic-sell bank stocks — even those without financial issues. Below is a summary of those questions and the best answers based on UBS projections, along with the regional bank stocks that stand out in regards to each.
☆ UBS upgrades this regional bank stock that can rally more than 50%
  + stars: | 2023-03-15 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
New York Community Bancorp shares are "too cheap" and can jump 50% from here, according to UBS. NYCB 5D mountain NY Community Bancorp shares 5-day NY Community Bancorp shares are down more than 24% this year. They fell more than 12% and 14% this and last week, respectively, as bank stocks got pummeled in the wake of the Silicon Valley Bank failure. NY Community Bancorp shares are down 1% in Wednesday premarket trading. The analyst said NY Community Bancorp is a name in which he is above consensus expectations on 2024 earnings per share estimates, given the bank's deposit mix, that could benefit from rate cuts.
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