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Search resuls for: "Janney Montgomery Scott"


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☆ This company models itself after Warren Buffett's Berkshire Hathaway. Analysts say it can beat the market too
  + stars: | 2023-05-21 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Founded in 1930 and with a market value today of $18 billion, Markel is first and foremost a specialty insurance company focused on niche markets like livestock and dude ranches. Some Wall Street analysts have praised Markel's recent performance against both peers and the broader market. Markel has returned 16.1% annually over the past three years while the S & P 500 has returned 12.4%, according to FactSet. "Given the favorable insurance market conditions in many of MKL's product lines, we believe the company's P/B multiple may expand if it can maintain solid profitability." Markel also has its appeal to Berkshire, which took a $600 million stake in Markel in early 2022.
☆ Why bank stocks are so unstable
  + stars: | 2023-05-09 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
New York CNN —The financial sector has been churning in rough water since the shocking collapse of Silicon Valley Bank in March. Bank insiders see this and have been buying up shares of regional lenders, according to a report by Timothy Coffey, an analyst at Janney Montgomery Scott. The Oracle of Omaha said he remains cautious about holding bank stocks and that he has reduced his own exposure to the sector. The S&P 500 financial sector, however, is down more than 12% over the same period. Economists were hoping that this year would bring better news, but instead 2023 brought the collapse of three US regional banks and a subsequent lending squeeze.
☆ This 'dirt cheap' regional bank stock could rebound more than 100%, Janney says
  + stars: | 2023-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
Janney analyst Timothy Coffey said in a note to clients Monday that Western Alliance is now "dirt cheap" and reiterated his buy rating on the stock. "Bank stocks of all stripes have been volatile since Silicon Valley Bank and Signature Bank were closed in mid-March. However, recent volatility in WAL (and, for that matter, PACW, BUY-rated) do not indicate company-specific weakness," the Janney note said. Janney has a fair value estimate of $63 per share for Western Alliance, which is more than 100% above where the stock closed on Friday. The stock was trading above $70 per share in March before Silicon Valley Bank collapsed, triggering the sell-off for regional banks.
☆ Dow Jones Average is now red for the year. Here's where it could go next
  + stars: | 2023-05-04 | by ( Samantha Subin Alex Harring | Samantha Subin | Alex Harring | ) www.cnbc.com   time to read: +5 min
While the Dow Jones Industrial Average 's year-to-date move into the red on Thursday may signal more choppy, range-bound trading ahead, technical analysts say they don't think it's an omen for new multi-year lows. Chart experts say the closely followed blue-chip Dow Jones average could test long-term moving averages. .DJI YTD mountain The Dow Failing to hold above its 200-day moving average of 32,707 could mean more downside ahead for the 30-stock average, said JC O'Hara, chief technical strategist at Roth MKM. "On average the stocks have an aggregated [earnings] surprise of nearly +10%, but the stocks are not being rewarded," O'Hara said of earnings season for Dow stocks thus far. Now, the Dow is the only one of the three in the red on the year as investors favor growth stocks over value.
☆ Banks are being used as weapons of destruction, says Janney's Christopher Marinac
  + stars: | 2023-05-04 | 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 EmailBanks are being used as weapons of destruction, says Janney's Christopher MarinacChristopher Marinac, Janney Montgomery Scott director of research, joins 'Power Lunch' to discuss regional banking stocks and what bank earnings are saying about the sector.
☆ Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +11 min
The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."
☆ US Fed plans broad revamp of bank oversight in wake of SVB collapse
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +7 min
Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."
☆ Western Alliance is de-risking on the credit side to help earnings, says Janney's Chris Marinac
  + stars: | 2023-04-19 | 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 EmailWestern Alliance is de-risking on the credit side to help earnings, says Janney's Chris MarinacChristopher Marinac, Janney Montgomery Scott director of research, joins 'The Exchange' to discuss Western Alliance deposit numbers stabilizing, recovery in the bank sector, and the health of regional banking.
☆ Should investors buy regional bank stocks? A bull and a bear weigh in — and share 3 top picks
  + stars: | 2023-04-17 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +5 min
A bull and a bear on U.S. regional banks faced off on CNBC's " Street Signs Asia " on Thursday and shared their stock picks. 'Not the environment' for regional banks It's "not the environment" for regional banks right now, said Brian Stutland, portfolio manager at Equity Armor Investments. Stock picks For investors still keen on regional bank stocks, Marinac said his top two picks are Fifth Third Bancorp and First Citizens . First Citizens announced in late March that it will buy over Silicon Valley Bank's deposits and loans. He highlighted "the fact that [regional bank] stocks are down 40% when you've had earnings down about 5%.
☆ Wall St falls as Fed seen on track to hike rates; banks shine
  + stars: | 2023-04-14 | by ( Ankika Biswas Sruthi Shankar | Ankika Biswas | Sruthi Shankar | ) www.reuters.com   time to read: +3 min
JPMorgan's shares rallied 7.3%, set for its steepest one-day gain in over two years, while Citigroup rose 3.8%. The S&P 500 Banks index (.SPXBK) rose 3.3% to a one-month high, among the few sectors to outperform. Traders largely stuck to bets that the Fed will raise rates by another 25 basis points in May. Ten of the 11 S&P 500 sectors were in the red, with real estate (.SPLRCR) and utilities (.SPLRCU) leading declines. Bank stocks lag S&P 500 this yearReporting by Sruthi Shankar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
☆ Analysis: Investors seek value in clobbered U.S. regional bank shares
  + stars: | 2023-03-28 | by ( David Randall | ) www.reuters.com   time to read: +4 min
The ETF has slumped nearly 26% since March 8, when SVB's troubles became known, while the S&P Regional Banks Select Industry Index (.SPSIRBK) is down around 23%. Concerns over deposit flight are still swirling around some regional banks. He owns shares of large regional banks including Citizens Financial Group Inc (CFG.N), which have fallen about 22% so far this year, and US Bancorp (USB.N), which are down some 18%. Margie Patel, a senior portfolio manager at Allspring Global Investments, has been adding new positions in regional banks over the last few weeks, citing "value." Regional banks "need positive news that shows their deposits are holding firm or growing," said Rick Meckler, a partner at family office Cherry Lane Investments.
☆ UBS to take over Credit Suisse, central banks act on liquidity
  + stars: | 2023-03-19 | by ( Reuters Staff | ) www.reuters.com   time to read: +13 min
LONDON/NEW YORK (Reuters) -UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. The reports that UBS is acquiring Credit Suisse will likely magnify Credit Suisse’s problems by moving them to UBS... The Credit Suisse issues are not new and needed to be resolved years ago. A legal challenge by Credit Suisse shareholders, who will claim that their property has been illegally confiscated, is guaranteed.
☆ Watch CNBC’s full interview with Janney Montgomery Scott's Mark Luschini
  + stars: | 2023-03-17 | 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 EmailWatch CNBC’s full interview with Janney Montgomery Scott's Mark LuschiniMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss the markets this week and what to expect from the Fed at next week's meeting.
☆ A 25 bps hike seems most likely at next Fed meeting, says Janney Montgomery Scott's Mark Luschini
  + stars: | 2023-03-17 | 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 EmailA 25 bps hike seems most likely at next Fed meeting, says Janney Montgomery Scott's Mark LuschiniMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss the markets this week and what to expect from the Fed at next week's meeting.
☆ Top analyst reacts to big banks planning to aid First Republic
  + stars: | 2023-03-16 | by ( Melissa Lee | ) 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 EmailTop analyst reacts to big banks planning to aid First RepublicChris Marinac, Janney Montgomery Scott, on First Republic Bank getting a lifeline from big banks. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Karen Finerman, Guy Adami and Tim Seymour.
☆ Regional bank stock plunge creating key entry point for investors, top analyst says
  + stars: | 2023-03-13 | by ( Anna Gleason | ) www.cnbc.com   time to read: +1 min
The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. The SPDR S&P Regional Banking ETF dropped by more than 12% on Monday after regulators shuttered Silicon Valley Bank and Signature Bank. When asked which regional banks look most attractive, Marinac recommends Fifth Third Bank . Marinac also named Truist as a top sector pick, saying the company has a competitive advantage among regional banks after selling a portion of its insurance unit. Truist stock has dropped 30% over the past five sessions.
☆ Regional bank weakness is a 'solvable problem,' says Janney's Christopher Marinac
  + stars: | 2023-03-13 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional bank weakness is a 'solvable problem,' says Janney's Christopher MarinacChristopher Marinac, Janney Montgomery Scott director of research, on what to do about regional banks after the collapse of SVB. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Bonawyn Eison, Karen Finerman and Steve Grasso.
☆ Watch CNBC’s full interview with Momentum Advisors' Allan Boomer and Janney Montgomery Scott’s Guy Lebas
  + stars: | 2023-03-09 | 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 Momentum Advisors' Allan Boomer and Janney Montgomery Scott’s Guy LebasMomentum Advisors' Allan Boomer and Janney Montgomery Scott’s Guy Lebas join 'The Exchange' to discuss the Fed being more hawkish and how investors should position themselves from here.
☆ Momentum Advisors' Allan Boomer doesn't see the Fed backing down anytime soon
  + stars: | 2023-03-09 | 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 EmailMomentum Advisors' Allan Boomer doesn't see the Fed backing down anytime soonMomentum Advisor’s Allan Boomer and Janney Montgomery Scott’s Guy Lebas, join 'The Exchange' to discuss the Fed being more hawkish and how investors should position themselves from here.
☆ Watch CNBC's full market discussion with Contrast Capital Partners' Ron Insana and Janney Montgomery Scott's Mark Luschini
  + stars: | 2023-01-13 | 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 EmailWatch CNBC's full market discussion with Contrast Capital Partners' Ron Insana and Janney Montgomery Scott's Mark LuschiniRon Insana, Contrast Capital Partners, and Mark Luschini, Janney Montgomery Scott, join 'Power Lunch' to discuss inflation and whether it's slowing, as well as bank earnings and what they say about the market.
☆ The Fed is now set up to step down the pace of hikes, says Janney Montgomery Scott's Luschini
  + stars: | 2023-01-13 | 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 EmailThe Fed is now set up to step down the pace of hikes, says Janney Montgomery Scott's LuschiniRon Insana, Contrast Capital Partners, and Mark Luschini, Janney Montgomery Scott, join 'Power Lunch' to discuss inflation and whether it's slowing, as well as bank earnings and what they say about the market.
☆ Stocks on the cheap — Here are 11 names with single-digit P/Es that could rally
  + stars: | 2022-12-31 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
On the tail-end of a down year, there are some stocks that might be cheaper than they should be. That has led to a down year for the majority of stocks — and all but one of the 11 sectors — in the broad index. But this sharp decline could present a buying opportunity, as some stocks are set to rally. Along with PulteGroup , it also has the lowest forward price-to-earnings ratio among the names on the list, at 6.2 times. Further down the list, United Rentals has a price-to-earnings ratio of 9.6.
☆ Stocks making the biggest moves premarket: Tesla, AMC, Southwest and others
  + stars: | 2022-12-28 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +1 min
Baird reduced its price target on Tesla to $252 per share from $316, but continues to rate the stock outperform. AMC Entertainment (AMC) – AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aron asked the movie theater chain's board to freeze his salary. Southwest Airlines (LUV) – Southwest Airlines fell 1.3% in premarket action as it continues to cancel flights in its struggle to return to a normal schedule. Apple (AAPL) – Apple is marginally higher in the premarket following its Tuesday close, which was the lowest since June 2021. It rebounded by 1.1% in premarket trading.
☆ Stocks making the biggest moves midday: Tesla, Southwest, Apple, AMC and more
  + stars: | 2022-12-28 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Baird also trimmed its price target on shares to $252 from $316 a share. AMC Entertainment – AMC Entertainment shares dipped about 3% a day after CEO Adam Aron tweeted that he asked the company's board to freeze his 2023 pay and urged other executives to forgo salary bumps. Maxeon — Shares slid 8% after the solar company announced Bill Mulligan would be the new CEO. The firm gave the stock a price target of $29, which presents an upside of 75.4% over where it closed Tuesday.
☆ Investors should stay cautious with sector positioning, says Mark Luschini, CIO at Janney Montgomery Scott
  + stars: | 2022-12-16 | 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 EmailInvestors should stay cautious with sector positioning, says Mark Luschini, CIO at Janney Montgomery ScottMark Luschini, chief investment strategist at Janney Montgomery Scott, joins 'Power Lunch' to discuss the potential strength of a Fed induced recession, leading indicators for timing a recession and investor strategy ahead of a potential downturn.
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