Shares of several banks and financial services companies are trading lower amid overall market weakness following Wednesday's Fed decision to raise interest rates by 50 basis points and increase its federal funds rate projections.

12/15/22 12:12:21 PM ET

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Shares of several banks and financial services companies are trading lower amid overall market weakness following Wednesday's Fed decision to raise interest rates by 50 basis points and increase its federal funds rate projections.

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Company	Date	Price Target	Rating	Analyst
Bank Nova Scotia Halifax Pfd 3 $BNS	11/21/2024		Underweight → Equal Weight	Barclays
JP Morgan Chase & Co. $JPM	11/20/2024		Outperform → Perform	Oppenheimer
Bank Nova Scotia Halifax Pfd 3 $BNS	11/19/2024		Hold → Buy	Canaccord Genuity
Bank Nova Scotia Halifax Pfd 3 $BNS	11/19/2024		Neutral → Buy	BofA Securities
Bank Nova Scotia Halifax Pfd 3 $BNS	11/18/2024		Neutral → Buy	UBS
Morgan Stanley $MS	11/15/2024	$142.00	Underweight → Equal Weight	Wells Fargo
JP Morgan Chase & Co. $JPM	11/7/2024	$200.00	Neutral → Underperform	Robert W. Baird
Bank Nova Scotia Halifax Pfd 3 $BNS	11/4/2024		Hold → Buy	TD Securities

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M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2026 Earnings and Revised Dates to Review 2025 Earnings
BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m. (ET)Second quarter 2026 – Wednesday, July 15, 2026, at 8:00 a.m. (ET)Third quarter 2026 – Friday, October 16, 2026, at 8:00 a.m. (ET)Fourth quarter 2026 – Tuesday, January 19, 2027, at 8:00 a.m. (ET)M&T also announced revised dates to host conference calls to review 2025 quarterly results: First quarter 2025 – Monday, April 14, 2025, at 8:00 a.m. (ET) (No Change)Second quarter 2025 – Wednesday, July 16, 2025, at 11:00 a.m. (ET)
11/21/24 5:50:00 PM ET
$MTB
Major Banks
Finance
FactSet Schedules First Quarter 2025 Earnings Call
NORWALK, Conn., Nov. 20, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, announced today that it will release its financial and operating results for the first quarter fiscal 2025, ending November 30, 2024, on Thursday, December 19, 2024. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Thursday, December 19, 2024. The following information is provided for investors who would like to participate in the conference call: First Quarter Fiscal 2025 Conference Call Details DateThursday, December 19, 2024 Time:11:00 a.m. Eastern Time Participant Registration:FactSet
11/20/24 7:00:00 AM ET
$FDS
Computer Software: Programming, Data Processing
Technology
M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend
BUFFALO, N.Y., Nov. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated co
11/19/24 5:18:00 PM ET
$MTB
Major Banks
Finance

Scotiabank welcomes Steven Van Wyk to its Board of Directors
TORONTO, Nov. 15, 2024 /CNW/ - Scotiabank announced today the appointment of Steven Van Wyk to its Board of Directors, effective immediately. Mr. Van Wyk brings expansive experience to the Board, having served as former Group Chief Information Officer (CIO) of HSBC. Throughout his distinguished career, he has held several senior-level technology roles, including CIO of PNC Financial Services Group, Inc., and Global CIO of ING Groep N.V. Additionally, he held leadership positions at Morgan Stanley, including as CIO/Chief Operating Officer of its Individual Investor Group. "We are pleased to welcome Steven to Scotiabank's Board of Directors. Steven's extensive experience and proven leadership
11/15/24 9:00:00 AM ET
$BNS
Major Banks
Finance
Biosynth Names Matt Gunnison as CEO, Kieran Murphy Appointed as Chairman
Biosynth, a global supplier of critical raw materials and services to the life sciences industry, today announced that its Board of Directors has appointed Matt Gunnison as the company's new Chief Executive Officer and a member of the Board of Directors, effective immediately. The Board has also appointed Kieran Murphy as Chairman, effective as of the same date. Matt Gunnison will succeed Urs Spitz, under whose guidance Biosynth has achieved remarkable growth and strengthened its position in the life sciences sector. Urs Spitz will remain a member of the Board of Directors. "We are grateful to Urs for his significant contributions in shaping Biosynth into the innovative and thriving compa
11/6/24 4:30:00 AM ET
$KKR
Investment Managers
Finance
Blackstone Tactical Opportunities Announces Leadership Transition
Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International Blackstone (NYSE:BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities ("Tac Opps"), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end. Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Ta
11/5/24 12:00:00 PM ET
$BX
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Global Atlantic and BEDC Celebrate Innovation and Entrepreneurial Talent at the Second Annual Wave of Opportunity Pitch Competition
Global Atlantic Financial Group ("Global Atlantic"), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions – in partnership with the Bermuda Economic Development Corporation ("BEDC") – today announced the conclusion of the Second Annual Wave of Opportunity Pitch Competition. The co-sponsored event is designed to honor small business innovation and entrepreneurship in Bermuda. Hosted by Dr. Teneika Eve on November 21st at the Hamilton Princess Hotel & Beach Club, the competition had more than 100 people in attendance, demonstrating strong support for the eight finalists—five in the main category and three in the youth category—who showc
11/22/24 12:00:00 PM ET
$KKR
Investment Managers
Finance
M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2026 Earnings and Revised Dates to Review 2025 Earnings
BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m. (ET)Second quarter 2026 – Wednesday, July 15, 2026, at 8:00 a.m. (ET)Third quarter 2026 – Friday, October 16, 2026, at 8:00 a.m. (ET)Fourth quarter 2026 – Tuesday, January 19, 2027, at 8:00 a.m. (ET)M&T also announced revised dates to host conference calls to review 2025 quarterly results: First quarter 2025 – Monday, April 14, 2025, at 8:00 a.m. (ET) (No Change)Second quarter 2025 – Wednesday, July 16, 2025, at 11:00 a.m. (ET)
11/21/24 5:50:00 PM ET
$MTB
Major Banks
Finance
KKR to Present at the Goldman Sachs 2024 US Financial Services Conference
KKR & Co. Inc. (NYSE:KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2024 US Financial Services Conference on Tuesday, December 10, 2024 at 8:00AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR's website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after the event. Any questions regarding the webcast may be addressed to KKR's Investor Relations team at [email protected]. ABOUT KKR KKR is a leading global investment firm that offers alternative asset management as well as ca
11/21/24 4:15:00 PM ET
$KKR
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Behind the Scenes of JPMorgan Chase's Latest Options Trends
Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase (NYSE:JPM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JPM usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for JPMorgan Chase. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable option
7/25/24 10:18:57 AM ET
$JPM
Major Banks
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Peering Into Blackstone's Recent Short Interest
Blackstone's (NYSE:BX) short percent of float has fallen 10.99% since its last report. The company recently reported that it has 17.49 million shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.25 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. Short interest is
7/25/24 9:15:15 AM ET
$BX
Investment Managers
Finance
Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings
Workers often forego billions of dollars in gains that they could have made off their retirement plans. Why? They unknowingly roll their savings into cash holdings instead of new investments after they switch jobs. When a 401(k) balance from an old company’s plan is rolled over into an individual retirement account (IRA), that money is usually held as cash until it is put into new investments held by the IRA. Almost a third of workers who rolled savings into IRAs at Vanguard Group in 2015 still had the balance sitting in cash seven years later, the New York Times reported. Americans with IRAs that hold a lot of cash forfeit more than $172 billion a year in retirement wealth tha
7/25/24 9:12:29 AM ET
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Shares of several banks and financial services companies are trading lower amid overall market weakness following Wednesday's Fed decision to raise interest rates by 50 basis points and increase its federal funds rate projections.

Chat with this insight

Recent Analyst Ratings for $ARES$AXP$BBVA$BCS

$ARES$AXP$BBVA$BCS Analyst Ratings

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Bank of Nova Scotia upgraded by Barclays

JPMorgan Chase downgraded by Oppenheimer

Bank of Nova Scotia upgraded by Canaccord Genuity

$ARES$AXP$BBVA$BCS Financials

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M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2026 Earnings and Revised Dates to Review 2025 Earnings

FactSet Schedules First Quarter 2025 Earnings Call

M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend

$ARES$AXP$BBVA$BCS Insider Trading

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

Director Sadler Robert E Jr gifted 26 shares (SEC Form 4)

Large owner Ares Management Llc sold $9,885,596 worth of shares (283,702 units at $34.84) (SEC Form 4)

Chairman and CEO Armstrong Brian sold $19,112,416 worth of shares (58,269 units at $328.00) (SEC Form 4)

$ARES$AXP$BBVA$BCS Insider Purchases

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

Chief Financial Officer Pangburn Marc T. bought $100,485 worth of shares (3,500 units at $28.71), increasing direct ownership by 7% to 56,791 units (SEC Form 4)

Director Porat Ruth bought $36,799 worth of shares (217 units at $169.38), increasing direct ownership by 0.48% to 36,528 units (SEC Form 4)

Director Flaherty Mark A. bought $29,545 worth of shares (82 units at $358.75) (SEC Form 4)

$ARES$AXP$BBVA$BCS Leadership Updates

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Scotiabank welcomes Steven Van Wyk to its Board of Directors

Biosynth Names Matt Gunnison as CEO, Kieran Murphy Appointed as Chairman

Blackstone Tactical Opportunities Announces Leadership Transition

$ARES$AXP$BBVA$BCS Press Releases

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Global Atlantic and BEDC Celebrate Innovation and Entrepreneurial Talent at the Second Annual Wave of Opportunity Pitch Competition

M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2026 Earnings and Revised Dates to Review 2025 Earnings

KKR to Present at the Goldman Sachs 2024 US Financial Services Conference

$ARES$AXP$BBVA$BCS SEC Filings

SEC Form FWP filed by Morgan Stanley

SEC Form FWP filed by Morgan Stanley

SEC Form FWP filed by Morgan Stanley

$ARES$AXP$BBVA$BCS Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

Amendment: SEC Form SC 13G/A filed by Coinbase Global Inc.

$ARES$AXP$BBVA$BCS Market Insights

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Behind the Scenes of JPMorgan Chase's Latest Options Trends

Peering Into Blackstone's Recent Short Interest

Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings

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