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☆ Here are Wednesday's biggest analyst calls: Micron, Meta, McDonald's, Tesla, Apple, Amazon & more
▼ + stars: | 2023-03-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs upgrades Hartford to buy from neutral Goldman the insurance company could "surprise to the upside." Goldman Sachs upgrades Marathon Petroleum to buy from neutral Goldman said the petroleum company has a "best-in-class capital returns story." Bernstein reiterates Apple as market perform Bernstein said it's standing by its market perform rating after Apple debuted Apple Pay Later on Tuesday. Guggenheim reiterates McDonald's as buy Guggenheim says it sees "substantial" near-term and long-term upside for McDonald's. Goldman Sachs reiterates Regions Financial and Fifth Third as buy Goldman said in a note Wednesday that several regional banks are key beneficiaries of the larger bank fallout.

☆ Goldman Sachs picks the winners and losers in regional banks after the SVB collapse
▼ + stars: | 2023-03-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The banking crisis continues to keep investors on edge about the health of regional banks. Now Goldman Sachs has identified what it said are the biggest winners and losers in the industry in the aftermath of the Silicon Valley Bank collapse. The Wall Street investment bank said the biggest short-term risk for regional banks could come from shifting market shares of deposits as corporates look to diversify. Meanwhile, there is the potential that regional banks will need to "pay up" to prevent deposits from moving to other banks "or leave bank balance sheets entirely," Goldman said. These stocks are all down more than 20% in March as investors spooked by the crisis dumped regional bank shares.

☆ The SVB crisis has opened up a window to buy 'great banks at a severe discount' after a panic-induced sell-off, CFRA says
▼ + stars: | 2023-03-29 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

East West Bancorp and Citizens Financial made its list of stocks investors should look at. Regional banks with strong deposit balances and have high percentages of insured deposits are solid bets. Silicon Valley Bank's deposits fell 13% during that same period as the bank's primary venture capital customers struggled with rising interest rates. Yokum called Regions Financial is a leader in insured deposits, with an outsized 63% of its deposits insured. Yokum has "buy" ratings on Citizens Financial Group, Fifth Third Bancorp, Regions Financial, Synovus Financial and Webster Financial.

☆ Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
▼ + stars: | 2023-03-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Coinbase — Shares of the cryptocurrency trading app dropped more than 11% in premarket trading after Coinbase received a Wells notice from the Securities and Exchange Commission. First Republic advanced 5.6% after losing 15.5% in Wednesday's session. Regions Financial — Shares of the regional bank edged 1.3% higher in premarket trading. Ford — Shares ticked up 1.3% in premarket trading.

☆ Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
▼ + stars: | 2023-03-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Cory Booker and Raphael Warnock have urged the CEOs of 10 major banks to waive overdraft and nonsufficient fund fees that could cost some Americans more than $100 a day in the wake of the failures of Silicon Valley Bank and Signature Bank. The letters went to the CEOs of Wells Fargo , U.S. Bank , Truist Financial Corp ., TD Bank , Regions Financial Corp ., PNC Bank , JPMorgan Chase , Huntington National Bank , Citizens Bank and Bank of America . Regulators shuttered New York-based Signature Bank days later in an effort to stall a potential banking crisis. Booker and Warnock said banking customers whose paydays fell between March 10 and March 13 were unable to receive or deposit checks from payroll providers banking with SVB and Signature Bank. Treasury Secretary Janet Yellen on Tuesday said the department is prepared to guarantee all deposits for financial institutions beyond SVB and Signature Bank if the crisis worsens.

☆ Top analyst Betsy Graseck says get defensive with these bank stocks as risk grows
▼ + stars: | 2023-03-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Silicon Valley Bank's collapse , as well as the closure of crypto-focused Signature Bank and Silvergate Capital, all in March, "takes us further away from risks being idiosyncratic," analyst Betsy Graseck wrote in a note Monday. The end result is lower net interest margins, net interest income and return on equity across the industry, Graseck wrote. Among the large-cap banks, JPMorgan Chase , Wells Fargo and Regions Financial are buys, she said. Wells Fargo sank 8.7% and Regions Financial tumbled 11.8%, while American Express lost 5.5% over the same period. Of that total, JPM and Wells Fargo contributed $5 billion each.

☆ Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & more
▼ + stars: | 2023-03-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Axel Lehmann, chairman at Credit Suisse Group AG, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Friday, Oct. 14, 2022. Credit Suisse — Shares of Credit Suisse were down 21.5% after the firm's biggest backer, Saudi National Bank, said it won't provide it with further financial help. Credit Suisse and several other European banks, including Societe Generale , Italy's Monte dei Paschi and UniCredit , were halted from trading as prices plummeted. Bank of America , Morgan Stanley , Wells Fargo — Shares of larger financials were in lower early Wednesday as the Credit Suisse tumble sent ripples across the global banking sector. Bank of America lost 2.9%, Morgan Stanley dropped 3.2% and Wells Fargo declined by nearly 4.2%.

☆ Investors are flocking to these well capitalized regional banks after SVB's collapse, market analyst says
▼ + stars: | 2023-03-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

KBW's RJ Grant say investors should seek out well capitalized banks for sizable returns in the long run. "Banks with strong deposit franchises are the ones that investors have been flocking to," he said. Regional banks on Tuesday staged a comeback, with some rising over 40% after cratering on Monday. While shares in regional banks continued to plunge by double digits on Monday, a reversal was taking shape Tuesday. Regional banks such as First Republic and PacWest watched as their stock prices climb by over 40% on Tuesday.

☆ Banks are under severe pressure this week, and it ain't from crypto
▼ + stars: | 2023-03-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The short answer seems to be, not much, but banks have a whole other list of problems. Signature Bank , a commercial bank based in New York City with a small exposure to crypto, is down about 15% to a new low this week on its exposure to crypto. Not surprisingly, analysts are trying to parse the distinctions between Silvergate, a bank that was a major player in the crypto space, and other banks who merely had some interest in crypto. On that kind of pressure, major regional banks like PNC, MTB, Zions Bancorp and Comerica are at or near 52-week lows this week. Regional banks this week MTB - 8% Regions Financial - 8% KeyCorp - 6% Fifth Third - 7%

☆ Can't figure out this economy? Walmart, Home Depot are having trouble, too
▼ + stars: | 2023-02-26 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

Joe Raedle | Getty Images News | Getty ImagesIf you think the economy is confusing right now, consider how baffling it must look to Home Depot and Walmart. Home Depot said consumer spending is holding up, but that it expects a flat sales-growth year overall, with declining profits. Friday's PCE showed consumer spending rose more than expected as prices increased, jumping 1.8% for the month compared to the estimate of 1.4%. It wasn't a good week for the retail sector or consumer stocks, either. "The outlook for sustained consumer spending growth remains," wrote consumer analyst Jason English.

☆ Morgan Stanley analyst says these 'undervalued' bank stocks could rise 24%
▼ + stars: | 2023-02-01 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

The top picks of Morgan Stanley bank analyst Betsy Graseck are looking undervalued as the market rallies, she said Wednesday in a report. "Our most preferred stocks RF, WFC & JPM have largely been left out of the current market rally and look undervalued for their asset sensitivity and skew to quality," Graseck said. Graseck is among the analysts who have generally urged caution on banks because loan losses are expected to rise this year as the economy slows or even enters a recession. But bank stocks have caught a bid in early 2023, along with 2022's other beaten-down sectors, with the KBW Bank Index up 11.5% so far. Her three top picks could rise a median 24%, about 4% more than other large cap banks in her coverage in a base-case scenario, she said.

☆ Here are JPMorgan's top stock picks heading into February
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

JPMorgan added fresh names to its top stock picks for February, including a medical tech company that's rallied sharply to begin the year. For February, JPMorgan added five new names to its Focus List: Cenovus Energy , CMS Energy , Rogers Communications , Stryker and Treace Medical Concepts . The medical tech stock is up 12% year to date. JPMorgan said new additions CMS Energy and Cenovus Energy are uniquely positioned within the industry, according to the note. Amazon's stock fell more than 30% during the past 12 months, but it has rallied to start the year, up more than 24% in 2023.

☆ Cramer's lightning round: I think Regions Financial is a terrific buy
▼ + stars: | 2023-01-30 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart... Regions Financial Corp : "It's an excellent stock. I think it's a terrific buy, even at these levels." Loading chart...Loading chart...Lumen Technologies Inc : "I actually don't trust Lumen. I think Lumen is a dangerous stock even down here."

☆ Morning bid: Netflix flickers
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +4 min

With the macro picture turning foggy again, streaming giant Netflix (NFLX.O) generated a rare bright spark in an otherwise gloomy corporate earnings season. But it has bounced back more than 60% from the lows of last June and the leadership shakeup may not shape the road ahead. With aggregate S&P500 earnings tracking a year-on-year contraction of about 3% for the fourth quarter, the Netflix news was welcome. In wider markets, a dour Thursday showed some retreat of the early year optimism on peaking central bank interest rates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Investing Club: The week in review, the week ahead — Jan. 14, 2023
▼ + stars: | 2023-01-14 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also, earnings season is just kicking off, when we'll learn much more about what companies are seeing on the ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

☆ Banks’ profit picnic will attract ant invasion
▼ + stars: | 2023-01-12 | by ( John Foley | ) www.reuters.com time to read: +7 min

JPMorgan (JPM.N), Bank of America (BAC.N), Wells Fargo (WFC.N) and Citigroup (C.N) all report fourth-quarter earnings on Friday. The good news is that for the year ahead, rising interest rates twinned with growing loan books should more than make up for sliding investment banking fees. The CFPB squeezed a $3.7 billion settlement from serial miscreant Wells Fargo in December for wrongly levying charges on customers. CONTEXT NEWSJPMorgan, Bank of America, Citigroup and Wells Fargo will report fourth-quarter 2022 earnings on Jan. 13. The CFPB said that Wells Fargo will also allocate over $2 billion in redress to customers.

☆ Investors focus on lower earnings outlook for 2023, but the evidence is so far mixed
▼ + stars: | 2022-12-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The boomlet from Fed Chair JeromePowell's speech is now over. Second, a string of hot economic reports (November nonfarm payrolls, strong hourly earnings, strong ISM Services report), has convinced many that the much anticipated year-end stock rally is not going to happen. At the Goldman Sachs Financial Services Conference on Tuesday, CEOs were cautious but not gloomy. While some chose to focus on one or two CEOs warning of a slowing economy, most CEOs at the conference were not pessimistic. The bottom line: Investors, for the moment, are choosing to believe that the outlook for 2023 is leaning more to "earnings are going lower" rather than "earnings will be flat."

☆ JPMorgan says these 8 energy stocks have huge 'upside potential' amid painful rate hikes – and breaks down 2 others that allows investors to cash in near-term
▼ + stars: | 2022-11-02 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

While the S&P 500 is down nearly 20% year-to-date, its energy sector is up about 60% so far in 2022. JPMorgan recommends these 8 Russell 2000-listed energy stocks amid a harsh macro backdrop. Amid the central bank's monetary tightening to combat near 40-year high inflation, stocks continue their downtrend. Energy stocks, in particular, could be a nice buying opportunity as the US economy appears to be heading toward a recession. With a mix of both growth and value stocks, JPMorgan recommends these 10 Russell 2000-listed stocks amid harsh macro conditions.

☆ These are JPMorgan's favorite stocks heading into November
▼ + stars: | 2022-11-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The firm's Analyst Focus List is a compilation of its analysts' favorite names for various investment strategies, and it gets a refresh every month. Almost all the stocks included have overweight ratings and are recommended for growth or value strategies. For November, the analysts removed a handful of stocks, including First Republic , and added just one: the cancer treatment developer BioAtla . JPMorgan included the stock for a near-term strategy and put a $23 price target on it. McDonald's , Allstate , AbbVie and Qualcomm are among the value stocks that are in the mix.

☆ Final Trades: Pfizer, Regions Financial, Disney & more
▼ + stars: | 2022-10-24 | by ( ) 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 EmailFinal Trades: Pfizer, Regions Financial, Disney & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Morning Bid: Tbond tension snaps sentiment
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +5 min

China's onshore yuan fell to another 14-year low despite major state-owned banks selling dollars on Friday. read more read moreThe economic backdrop darkened. read moreAfter Tesla's disappointment earlier in the week, the U.S. earnings season took another negative twist from the digital sector overnight. read moreIn banking, shares Credit Suisse slid again ahead of next week's big announcement on its restructuring plans. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ A 20% crash in the housing market is possible as mortgage rates continue to surge higher
▼ + stars: | 2022-10-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

There's a flashing red warning sign hitting one of the biggest segments of the US economy: the housing market. This is all a recipe for disaster, and it could ultimately lead to a 20% decline in housing prices, according to Pantheon Macro's chief economist Ian Shepherdson. The housing market is in free fall with "no floor in sight." Pantheon Macroeconomics' chief economist Ian Shepherdson is sounding the alarm on the housing market, warning that home prices could fall as much as 20%. The price movement has some scratching their heads, given that demand for lumber is largely tied to the housing market, which can't get out of its own way due to soaring mortgage rates.

☆ October's wild trading could give way to a new stock rally, as earnings roll out in the week ahead
▼ + stars: | 2022-10-14 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

But Emanuel sees the chance for a 17% to 20% rally in the S & P 500. The S & P 500 was down about 0.9% for the week, as of Friday afternoon, and it was hovering just above 3,600. S & P 500 earnings are expected to grow by 3.6% for the third quarter, based on actual reports and estimates, according to Refinitiv. Without the boost from more than doubling profits from energy companies, S & P earnings would decline by 3.1%. Week ahead calendar Monday Earnings: Bank of America , Bank of NY Mellon, Charles Schwab 8:30 a.m.

WASHINGTON, Sept 28 (Reuters) - The U.S. Consumer Financial Protection Bureau has ordered Regions Financial Corp (RF.N) to pay $191 million in fines and refunds, after the regulator said the Birmingham, Alabama-based bank charged customers illegal overdraft fees for years. From 2018 to 2021 Regions charged roughly $141 million in illegal fees, which will be refunded, the CFPB said in a statement on Wednesday. The bank will also pay a $50 million fine. "Regions Bank raked in tens of millions of dollars in surprise overdraft fees every year, even after its own staff warned that the bank's practices were illegal," CFPB Director Rohit Chopra said in the statement. "Too often, large financial firms make a calculation that continuing to break the law is more profitable than following it."

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