Best Bank Stocks To Watch For 2019

tags:FCF,HSBA,WFC,AP,CM,

Even as the Indian currency has been hitting fresh record lows, experts at Reliance Securities feel that rupee could find some resistance around 72 per US dollar. The currency has seen some erosion on the back of high crude prices along with dollar strengthening.

"On the higher side, crude should face resistance near USD 80.5 per barrel that was tested in May 2018. Any breakout above USD 82 per barrel levels, the crude oil price would surge to USD 91 per barrel," Rajeev Srivastava, Head-Retail Broking, Reliance Securities told Moneyconrol's Uttaresh Venkateshwaran.

For the market, he expects earnings to set the tone going ahead, the pace of this recovery is likely to be a gradual one though. "Our December 2018 target for Nifty is at 12,000," he further added. Edited excerpts:

What are the key levels to watch out for the rupee as well as oil? What are the major risks for the same?

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Technically, the rupee has been weak since the start of the year from the lows of 63.20 against the US dollar to an all-time high of Rs 71.97 against the US dollar. We believe the Indian rupee will find some resistance around the 72-levels against the US dollar.

Best Bank Stocks To Watch For 2019: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

• [By Joseph Griffin]

  Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Bank Stocks To Watch For 2019: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Stephan Byrd]

  Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

• [By Max Byerly]

  HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

• [By Max Byerly]

  HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

• [By Max Byerly]

  Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Joseph Griffin]

  HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

Best Bank Stocks To Watch For 2019: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Matthew Frankel, CFP]

  Wells Fargo (NYSE:WFC) experienced massive system failures beginning midday on Thursday, which left many of its customers unable to access their bank accounts. The bank's data centers and other internal systems were out as well, according to reports by bank employees. The cause wasn't a data breach -- rather, the outages were a result of a shutdown at one of the bank's facilities.

• [By Motley Fool Staff]

  Wells Fargo and Company (NYSE:WFC)Q1 2018 Earnings Conference CallApril 13, 2018, 10:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By ]

  2. Low Debt Levels
  By looking through his previous success stories like Coca-Cola (NYSE: KO), American Express (NYSE: AXP), and Wells Fargo (NYSE: WFC), it is clear that Buffett carefully examines a company's balance sheet, and prefers to invest in those with relatively modest debt burdens.

• [By ]

  Wells Fargo (WFC) likely won't get a lot of attention this weekend, but Cramer said the worst is likely behind this company. Buffett's other bank, Bank of America (BAC)  , is a big winner though, especially with rising interest rates.

Best Bank Stocks To Watch For 2019: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  ORG XMIT: MASR201 In this Feb. 22, 2012 photo, shoppers enter a Sears department store location in Dedham, Mass. Sears Holdings is expanding its partnership with Amazon, enabling tire buyers to have them installed at a local Sears Auto Center. (AP Photo/Steven Senne) (Photo: AP)

• [By ]

  New York (AP) -- Jay-Z has spent a long afternoon at the New York offices of the Securities and Exchange Commission.

  The rapper and entrepreneur was scheduled to spend much of the day Tuesday answering questions from SEC investigators as part of their probe of the Iconix Brand Group.

• [By ]

  Despite claims by President Donald Trump saying the U.S. stock market would crash if he was impeached, money managers stress that the stock market's longer-term direction and health are less about political drama and more about the overall strength of the economy. (Photo: AP)

• [By ]

  This undated photo provided by Hyundai shows the 2018 Hyundai Ioniq Electric, an affordable electric car that gets 124 miles of range on a charge. (Hyundai North America via AP) (Photo: AP)

Best Bank Stocks To Watch For 2019: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Motley Fool Staff]

  Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

• [By Lisa Levin] Companies Reporting Before The Bell Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion. Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion. Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion. Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million. Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion. Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million. Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

   

• [By Logan Wallace]

  Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.