Shares of banking companies are trading higher following recent CPI data.
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Major Banks
Finance
Shares of banking companies are trading higher following recent CPI data.
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 11/15/2024 | $73.00 | Underweight → Equal Weight | Wells Fargo | |
| 11/11/2024 | $10.50 → $11.00 | Neutral → Overweight | JP Morgan | |
| 10/31/2024 | $9.00 → $10.00 | Underweight → Equal Weight | Barclays | |
| 10/28/2024 | $67.00 | Mkt Perform → Strong Buy | Raymond James | |
| 10/24/2024 | $51.00 | Buy → Hold | Deutsche Bank | |
| 10/22/2024 | $80.00 → $91.00 | Market Perform | Hovde Group | |
| 10/7/2024 | $55.00 → $52.00 | Neutral → Underperform | BofA Securities | |
| 9/30/2024 | $54.00 → $57.00 | Equal-Weight → Overweight | Morgan Stanley |
8-K - EAST WEST BANCORP INC (0001069157) (Filer)
424B3 - US BANCORP \DE\ (0000036104) (Filer)
8-K - GLACIER BANCORP, INC. (0000868671) (Filer)
DALLAS, Nov. 21, 2024 /PRNewswire/ -- Comerica Bank has issued the following statement regarding today's announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent for Direct Express program. "We have been honored to support the Direct Express program since 2008 and remain committed to serving its 3.4 million cardholders. At the request of the Fiscal Service, we have entered into a three-year extension of services to allow for the orderly transfer of services to the new financial agent." About Comerica Bank A subsidiary of Comerica Incorporat
ISELIN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Kim Strignile has joined the Human Resources team as Senior Vice President, HR Business Partner Director. Ms. Strignile will lead the bank's HR Business Partner and Talent Acquisition teams, playing a pivotal role in driving its people strategy. In addition, Ms. Strignile will serve as a trusted advisor and change agent, collaborating closely with Provident's leadership team to cultivate a high-performing culture and enhance the employee experience. Together with her team, she will champion a culture of continuous growth and development. "Kim is
New alliance offers comprehensive payment technology and a range of banking services One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property & Casualty (P&C) and Life insurers. The collaboration will provide the seamless integration of U.S. Bank's leading money movement and banking capabilities with One Inc's best-in-class ClaimsPay® and PremiumPay® solutions to optimize claims and premium processing experiences for customers. U.S. Bank is one of the largest commercial banks in the United States. Its strength, stability and deep experience in payments and i
3 - COMERICA INC /NEW/ (0000028412) (Issuer)
4 - COMERICA INC /NEW/ (0000028412) (Issuer)
4 - PROVIDENT FINANCIAL SERVICES INC (0001178970) (Issuer)
Wells Fargo upgraded Comerica from Underweight to Equal Weight and set a new price target of $73.00
JP Morgan upgraded Valley National from Neutral to Overweight and set a new price target of $11.00 from $10.50 previously
Barclays upgraded Valley National from Underweight to Equal Weight and set a new price target of $10.00 from $9.00 previously
Citizens Financial Group's (NYSE:CFG) short percent of float has risen 29.78% since its last report. The company recently reported that it has 12.01 million shares sold short, which is 3.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.51 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
New York Community (NYSE:NYCB) reported quarterly losses of $(1.05) per share which missed the analyst consensus estimate of $(0.42) by 150 percent. This is a 174.47 percent decrease over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $557.000 million which missed the analyst consensus estimate of $600.962 million by 7.32 percent. This is a 38.11 percent decrease over sales of $900.000 million the same period last year.
New Heads of Mortgage, Consumer Lending and Retail Banking bring deep experience to accelerate ongoing transformation and meet customers' evolving needs Citizens is pleased to announce the appointment of three key executives to accelerate the bank's ongoing transformation and commitment to deliver the best experience for customers. Raman Muralidharan has been appointed as the Head of Mortgage, and two accomplished senior executives have been promoted: Adam Boyd to Head of Lending and Nuno Dos Santos to Head of Retail Banking. These leadership appointments will bolster Citizens' growth plans while enhancing its relationship-based banking model. "The appointment of three highly experience
Community Financial System, Inc. (the "Company") (NYSE:CBU) announced today the appointment of Savneet Singh to its Board of Directors (the "Board") as a new independent director, effective as of October 1, 2024. Mr. Singh is the Chief Executive Officer ("CEO") and President of PAR Technology Corporation (NYSE:PAR) and President of ParTech, Inc. ("ParTech"). Headquartered in Upstate New York, PAR Technology Corporation ("PAR") is a global food service technology company providing leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Mr. Singh joined PAR's Board of Directors in April 2018, was appointed PAR's Interim CEO and President and I
Citizens Financial Group, Inc. (NYSE:CFG) today announced the appointment of Claude E. Wade to the company's Board of Directors, effective March 1, 2025. Wade's appointment will temporarily expand the Citizens Board to 14 directors. He will serve on the Board's Risk Committee. Wade, who has over 30 years of operational, strategy and innovation roles, primarily with Fortune 100 companies, serves as executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG, overseeing its business operations, claims, data, innovation and digital teams. Prior to joining AIG in 2021, he served as BlackRock's Global Head of Client Experience and Head
4/A - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - COMMUNITY FINANCIAL SYSTEM, INC. (0000723188) (Issuer)
4 - OHIO VALLEY BANC CORP (0000894671) (Issuer)
SC 13G/A - ServisFirst Bancshares, Inc. (0001430723) (Subject)
SC 13G - CITIZENS FINANCIAL GROUP INC/RI (0000759944) (Subject)
SC 13G/A - CITIZENS FINANCIAL GROUP INC/RI (0000759944) (Subject)
KALISPELL, Mont., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc.'s (NYSE:GBCI) Board of Directors, at a meeting held on November 20, 2024, declared a quarterly dividend of $0.33 per share. The Company has declared 159 consecutive quarterly dividends and has increased the dividend 49 times. The dividend is payable on December 19, 2024, to owners of record on December 10, 2024. About Glacier Bancorp, Inc.: Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) ("Valley"), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on December 13, 2024 are as follows: A cash dividend of $0.390625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;A cash dividend of $0.533568 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;A cash dividend of $0.515625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
U.S. Bancorp (NYSE:USB) will host conference calls to review quarterly financial results on the following dates: First Quarter 2026 – Thursday, April 16, 2026 at 7 a.m. CT Second Quarter 2026 – Thursday, July 16, 2026 at 7 a.m. CT Third Quarter 2026 – Thursday, October 15, 2026 at 8 a.m. CT Fourth Quarter 2026 – Tuesday, January 19, 2027 at 8 a.m. CT U.S. Bancorp previously announced the timing for fourth quarter 2024 and 2025 quarterly financial results conference calls: Fourth Quarter 2024 – Thursday, January 16, 2025 at 8 a.m. CT First Quarter 2025 – Wednesday, April 16, 2025 at 8 a.m. CT Second Quarter 2025 – Thursday, July 17, 2025 at 7 a.m. CT Third Quarter 2025 – Th