S&P Says Credit, Funding Costs Weigh On Us Regional Banks' Q3 Earnings
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/31/2024 | $17.00 → $18.00 | Equal Weight → Overweight | Barclays | |
| 10/10/2024 | $15.00 | Neutral | Citigroup | |
| 10/7/2024 | $83.00 → $101.00 | Hold → Buy | Deutsche Bank | |
| 9/30/2024 | $54.00 | Underweight → Equal-Weight | Morgan Stanley | |
| 9/24/2024 | $14.00 → $18.00 | Neutral → Outperform | Wedbush | |
| 9/17/2024 | $16.00 | Mkt Perform → Outperform | Raymond James | |
| 7/25/2024 | Buy → Hold | Argus | ||
| 7/11/2024 | Mkt Perform | Raymond James |
SC 13G - BANC OF CALIFORNIA, INC. (0001169770) (Subject)
SC 13G - WESTERN ALLIANCE BANCORPORATION (0001212545) (Subject)
SC 13G - CITIZENS FINANCIAL GROUP INC/RI (0000759944) (Subject)
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Citigroup analyst Paul Lejuez downgraded the rating for Lululemon Athletica Inc. (NASDAQ:LULU) from Buy to Neutral, while cutting the price target from $415 to $300. Lululemon shares settled at $272.06 on Wednesday. See how other analysts view this stock. See how other analysts view this stock. Argus Research analyst Kevin Heal downgraded Zions Bancorporation (NASDAQ:ZION) from Buy to Hold. Zions Bancorp shares closed at $50.98 on Wednesday. See how other analysts view this stock. B
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
Argus Research analyst Kevin Heal downgrades Zions Bancorp (NASDAQ:ZION) from Buy to Hold.
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
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
Today, Citizens Financial Group (NYSE:CFG) announced that it has appointed Christopher Schnirel as Controller and Chief Accounting Officer, effective October 21, 2024. "We are pleased to welcome Chris to Citizens, where he will play a key role in maintaining a high standard of excellence in financial reporting and controls as well as supporting our strategic agenda," said John Woods, Vice Chair and Chief Financial Officer. "He brings great expertise and over 20 years of strong leadership experience in financial services." Schnirel, most recently was the Senior Vice President and Assistant Controller at Huntington Bancshares Inc., where he led SEC reporting, regulatory reporting, accountin
4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)
4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)
4 - BANC OF CALIFORNIA, INC. (0001169770) (Issuer)
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
SALT LAKE CITY, Nov. 1, 2024 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ:ZION) announced today that its board of directors ("board") declared a regular quarterly dividend of $0.43 per common share, payable November 21, 2024, to shareholders of record at the close of business on November 14, 2024. Additionally, the board declared regular quarterly cash dividends on the company's various perpetual preferred shares, as detailed below. The cash dividend on the following series are payable December 16, 2024, to shareholders of record on December 1, 2024: Series A (NASDAQ:ZIO
Citizens Financial Group, Inc. (NYSE:CFG) today announced plans to release 2026 quarterly financial results and host live conference calls on the following dates. First Quarter 2026 – Thursday, April 16, 2026 at 9 am ET Second Quarter 2026 – Thursday, July 16, 2026 at 9 am ET Third Quarter 2026 – Friday, October 16, 2026 at 9 am ET Fourth Quarter 2026 – Wednesday, January 20, 2027 at 9 am ET Dial-in information for these calls will be provided at a later date. News releases and supplemental materials will be available at https://investor.citizensbank.com. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial insti
Barclays upgraded Banc of California from Equal Weight to Overweight and set a new price target of $18.00 from $17.00 previously
Citigroup initiated coverage of Banc of California with a rating of Neutral and set a new price target of $15.00
Deutsche Bank upgraded Western Alliance Bancorp from Hold to Buy and set a new price target of $101.00 from $83.00 previously
4 - WESTERN ALLIANCE BANCORPORATION (0001212545) (Issuer)
4 - WESTERN ALLIANCE BANCORPORATION (0001212545) (Issuer)
4 - WESTERN ALLIANCE BANCORPORATION (0001212545) (Issuer)
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
SALT LAKE CITY, Nov. 14, 2024 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ:ZION) announced today that it successfully priced $500,000,000 of Fixed-to-Floating Rate Subordinated Notes (CUSIP: 98971DAC4) due November 19, 2035 in a public transaction exempt from registration under Section 3(a)(2) of the Securities Act of 1933, as amended. The offering is expected to settle on November 19, 2024, subject to customary closing conditions. The interest rate for the fixed rate period, which runs from, and including, the settlement date to, but excluding, November 19, 2034, is equ
Banc of California, Inc. (the "Company") (NYSE:BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable January 2, 2025, to stockholders of record as of December 16, 2024. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be payable December 2, 2024, to stockholders of record as of November 21, 2024. The Series F depositary shares are traded on the New York Stock Exchange under the "Banc/PF" symbol. The Company maintains a Dividend Reinvestment
10-Q - BANC OF CALIFORNIA, INC. (0001169770) (Filer)
13F-HR - CITIZENS FINANCIAL GROUP INC/RI (0000759944) (Filer)
10-Q - ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (0000109380) (Filer)