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

Search resuls for: "Heagerty"


6 mentions found


Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.
Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States
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
The liquidity risk fears around Charles Schwab are overblown, according to Deutsche Bank. Charles Schwab shares were hard-hit by the selloff of financial firms' stocks following the SVB failure. Atlantic Equities analyst Josh Heagerty reiterated the minimal liquidity risk for Charles Schwab and the likely downward target to earnings. Charles Schwab shares were up 9.2% before the bell on Tuesday, after falling 11.5% during the previous trading session. SCHW 5D mountain Charles Schwab shares plunged following the failure of SVB —CNBC's Michael Bloom contributed to this report.
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.
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.
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
Total: 6