Shares of banks and financial services stocks are trading higher as the sector rebounds following Thursday's weakness. The sector has been volatile after PacWest announced it was weighing strategic options, which pressured regional banking stocks.

5/5/23 11:28:35 AM ET

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Shares of banks and financial services stocks are trading higher as the sector rebounds following Thursday's weakness. The sector has been volatile after PacWest announced it was weighing strategic options, which pressured regional banking stocks.

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Recent Analyst Ratings for
$AMP
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$BMO

Company	Date	Price Target	Rating	Analyst
Customers Bancorp Inc $CUBI	11/4/2024	$57.00 → $52.00	Outperform → Mkt Perform	Keefe Bruyette
Cullen/Frost Bankers Inc. $CFR	11/1/2024	$138.00 → $149.00	Buy	Maxim Group
Valley National Bancorp $VLY	10/31/2024	$9.00 → $10.00	Underweight → Equal Weight	Barclays
U.S. Bancorp $USB	10/24/2024	$51.00	Buy → Hold	Deutsche Bank
ServisFirst Bancshares Inc. $SFBS	10/22/2024	$80.00 → $91.00	Market Perform	Hovde Group
Metropolitan Bank Holding Corp. $MCB	10/21/2024	$65.50 → $68.00	Outperform	Hovde Group
Texas Capital Bancshares Inc. $TCBI	10/18/2024	$73.00 → $79.00	Market Perform	Hovde Group
Texas Capital Bancshares Inc. $TCBI	10/18/2024	$77.00 → $82.00	Overweight → Neutral	Piper Sandler

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Leadership Updates

Live Leadership Updates

Diane Cooper and Brian McManus Appointed to Bank of Montreal Board of Directors
TORONTO, Oct. 29, 2024 /PRNewswire/ -Bank of Montreal today announced the appointment of Diane Cooper and Brian McManus to its Board of Directors. "We are pleased to welcome Diane and Brian to the Board of Directors," said George Cope, Chair of the Board. "They each bring significant skills and experience and will be a valuable addition to our board." Ms. Cooper was formerly President and CEO of GE Capital's Commercial Distribution business and an officer of GE Company. She also led the GE Capital Equipment Finance and Franchise Finance businesses and previously held senior ro
10/29/24 8:00:00 AM ET
$BMO
Commercial Banks
Finance
First Citizens Bank Names Chief Marketing Officer
Michelle Draper, former Silicon Valley Bank CMO and 30-year financial industry veteran, to lead marketing and client experience RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank. In her role serving the First Citizens enterprise, Draper leads a marketing organization nationwide dedicated to building upon the company's customer-centric vision
10/17/24 9:00:00 AM ET
$FCNCA
Major Banks
Finance
BMO Appoints Chief Artificial Intelligence and Data Officer
TORONTO and CHICAGO, Oct. 2, 2024 /PRNewswire/ - BMO today announced the appointment of Kristin Milchanowski as its new Chief Artificial Intelligence and Data Officer, effective October 15, 2024. Kristin will drive BMO's Artificial Intelligence (AI), data, analytics, and robotics strategies and supporting technologies, championing a transformative AI roadmap that optimizes and enhances business value. Additionally, she will focus on data management and data governance across the organization, deepening the bank's robust and established culture of innovation and accountability. "Kristin brings extensive knowledge and expertise in transforming businesses by leveraging the full potential of th
10/2/24 12:00:00 PM ET
$BMO
Commercial Banks
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Financials

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TD Bank Group provides insurance catastrophe information
TORONTO, Nov. 5, 2024 /CNW/ - TD Bank Group (TD or the Bank) (TSX:TD) (NYSE:TD) announced today that it expects catastrophe claims of approximately $388 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's fourth quarter results. Catastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net o
11/5/24 5:30:00 PM ET
$TD
Commercial Banks
Finance
Citizens Financial Group, Inc. Declares Dividends on Preferred Stock
Citizens Financial Group, Inc. (NYSE:CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on January 6, 2025, to preferred shareholders of record at the close of business on December 20, 2024: a quarterly cash dividend of $19.85400083 per share on CFG's 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $20.24327861 per share on CFG's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8); a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th int
11/4/24 4:05:00 PM ET
$CFG
Major Banks
Finance
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.65395191 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.63006441 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 30, 2024. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's t
11/4/24 8:37:00 AM ET
$CUBI
Major Banks
Finance

Fifth Third Bancorp Announces Earnings Release Dates for 2026
Fifth Third Bancorp (NASDAQ:FITB) is expected to report financial results and host conference calls to discuss results on the following dates: Fourth Quarter 2025 – Thursday, January 22, 2026 – 8:00 AM ET First Quarter 2026 – Thursday, April 23, 2026 – 8:00 AM ET Second Quarter 2026 – Thursday, July 23, 2026 – 8:00 AM ET Third Quarter 2026 – Thursday, October 22, 2026 – 8:00 AM ET Financial results are expected to be available at approximately 6:30 AM ET on each of the dates listed above, with conference calls expected to begin at approximately 8:00 AM ET. These conference calls will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.c
11/6/24 10:19:00 AM ET
$FITB
Major Banks
Finance
TD Bank Group provides insurance catastrophe information
TORONTO, Nov. 5, 2024 /CNW/ - TD Bank Group (TD or the Bank) (TSX:TD) (NYSE:TD) announced today that it expects catastrophe claims of approximately $388 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's fourth quarter results. Catastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net o
11/5/24 5:30:00 PM ET
$TD
Commercial Banks
Finance
Barclays Bank PLC Amends Purchase Price of Certain Cash Tender Offers and Consent Solicitations
Barclays Bank PLC (the "Issuer") announced today that, in connection with its previously announced cash tender offers (each, an "Offer") to purchase any and all of its outstanding exchange-traded notes (the "Notes" or the "ETNs") of four separate series (each, a "Series") and the solicitation of consents (each, a "Consent Solicitation") from holders of the Notes (the "Noteholders") to amend certain provisions of the Notes with respect to each Series, it has amended the Purchase Price per Note applicable to certain Series. Each Offer and Consent Solicitation is subject to the conditions and restrictions set out in the Initial Statement, as supplemented by Supplement No. 10 dated November 4,
11/4/24 4:51:00 PM ET
$BCS
Commercial Banks
Finance

Shares of banks and financial services stocks are trading higher as the sector rebounds following Thursday's weakness. The sector has been volatile after PacWest announced it was weighing strategic options, which pressured regional banking stocks.

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Recent Analyst Ratings for $AMP$BAP$BCS$BMO

$AMP$BAP$BCS$BMO Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Graves Greg M bought $28,155 worth of shares (258 units at $109.29), increasing direct ownership by 0.72% to 36,244 units (SEC Form 4)

Director Peterman Tamara bought $19,733 worth of shares (181 units at $109.29), increasing direct ownership by 2% to 7,616 units (SEC Form 4)

Director Pamula Chaya bought $24,429 worth of shares (450 units at $54.29), increasing direct ownership by 7% to 6,513 units (SEC Form 4)

$AMP$BAP$BCS$BMO Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Customers Bancorp downgraded by Keefe Bruyette with a new price target

Maxim Group reiterated coverage on Cullen/Frost with a new price target

Valley National upgraded by Barclays with a new price target

$AMP$BAP$BCS$BMO Leadership Updates

Live Leadership Updates

Diane Cooper and Brian McManus Appointed to Bank of Montreal Board of Directors

First Citizens Bank Names Chief Marketing Officer

BMO Appoints Chief Artificial Intelligence and Data Officer

$AMP$BAP$BCS$BMO Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by First Foundation Inc.

Amendment: SEC Form SC 13G/A filed by First Foundation Inc.

Amendment: SEC Form SC 13G/A filed by Citizens Community Bancorp Inc.

$AMP$BAP$BCS$BMO Financials

Live finance-specific insights

TD Bank Group provides insurance catastrophe information

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock

$AMP$BAP$BCS$BMO Press Releases

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Fifth Third Bancorp Announces Earnings Release Dates for 2026

TD Bank Group provides insurance catastrophe information

Barclays Bank PLC Amends Purchase Price of Certain Cash Tender Offers and Consent Solicitations

$AMP$BAP$BCS$BMO Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Estrada Rudolph sold $45,981 worth of shares (469 units at $98.04), decreasing direct ownership by 3% to 17,750 units (SEC Form 4)

Amendment: Director Walters Kirk W sold $377,243 worth of Series H Perpetual Non-Cumulative Preferred Stock (15,317 units at $24.63) (SEC Form 4)

Vice Chairman Pearson Kevin J sold $1,469,109 worth of shares (7,500 units at $195.88), decreasing direct ownership by 16% to 40,502 units (SEC Form 4)

$AMP$BAP$BCS$BMO SEC Filings

SEC Form 13F-HR filed by Cullen/Frost Bankers Inc.

Synovus Financial Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Fifth Third Bancorp

$AMP$BAP$BCS$BMO Market Insights

Live Market Insights

JP Morgan Maintains Overweight on Raymond James Finl, Lowers Price Target to $135

First Citizens shares are trading higher after the company reported better-than-expected earnings.

Looking Into Citizens Financial Group's Recent Short Interest

Recent Analyst Ratings for
$AMP
$BAP
$BCS
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$AMP
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Insider Purchases

$AMP
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Analyst Ratings

$AMP
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Leadership Updates

$AMP
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$BCS
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Large Ownership Changes

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Financials

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Press Releases

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Insider Trading

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SEC Filings

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Market Insights