-
JPMorgan's Q4 Results To Reveal If Dealmaking Will Replace Rate-Driven Profits For Big Banks In 2026— SpaceX's $1.5 Trillion IPO In Focus
Tuesday, January 13, 2026 - 5:05am | 785Read More...JPMorgan Chase & Co. (NYSE:JPM) is set to report its fourth-quarter results before markets open on Tuesday, kickstarting the bank earnings season. Leading analysts expect the company to set the tone for the entire industry in 2026, with several key catalysts lining up. Dealmaking Set To Replace...
-
Citizens Financial's Outlook Brightens: BofA Securities Sees Efficiency Gains, M&A Potential
Thursday, October 9, 2025 - 1:29pm | 375Read More...BofA Securities analyst Ebrahim H. Poonawala upgraded Citizens Financial Group, Inc. (NYSE:CFG) to Buy from Neutral and raised the price target to $65 from $52. CFG is trading at elevated levels. See the full breakdown here. The analyst estimates a 300bps+ improvement in ROTCE (Return on Tangible...
-
Goldman, Morgan Stanley Set To Ride M&A, IPO Rebound, As Analyst Sees Upside In Wealth, Trading Gains
Monday, May 19, 2025 - 2:44pm | 561Read More...BofA Securities analyst Ebrahim H. Poonawala on Monday noted bank stocks have staged a significant rebound versus April lows, led by global systemically important banks (G-SIBs), money center, investment banks and trust banks. It is unclear to Poonawala whether customer activity during the second...
-
Gavin Newsom's Warning On Trump's Economic Plan, Mohamed El-Erian's Call For Rate Cut And More: This Week In Economics
Sunday, June 30, 2024 - 5:38am | 533Read More...The weekend was abuzz with a flurry of news, from reports on national debt to the latest Federal Reserve stress test results. Former President Donald Trump’s economic policies were under scrutiny, while the call for a rate cut by a prominent economist added to the mix. Here’s a quick...
-
New York Community Bancorp Got 'Much-Needed Lifeline,' But Deal 'Tremendously' Hurts Shareholders
Thursday, March 7, 2024 - 11:41am | 789Read More...Regional banking company New York Community Bancorp (NYSE:NYCB) announced an equity investment of over $1 billion from investors on Wednesday and a change to the company's management team. Analysts are sizing up what the changes mean for the short-term and future of the regional banking company....
-
Texas Oil Patch Banks Might Face Tough Second Half
Thursday, May 28, 2015 - 11:41am | 388Read More...A further softening of oil prices and potentially unpleasant surprises in loan-loss provisions during the second half of 2015 could imperil petroleum-patch banks, an analyst said Wednesday. "It's too soon to call the all-clear," Bank of America's Ebrahim H. Poonawala said,...
-
Bank Of America Sees Three Reasons To Buy Texas Capital Bancshares Inc Ahead Of 3Q Results
Tuesday, September 30, 2014 - 8:32am | 176Read More...In a report published Tuesday, Bank of America analyst Ebrahim H. Poonawala reiterated a Buy rating and $68.00 price target on Texas Capital Bancshares Inc (NASDAQ: TCBI). In the report, Bank of America noted, “We believe 3Q results should serve as a catalyst for a material re-rating higher in TCBI...
-
UPDATE: Bank Of America Reiterates On Texas Capital Bancshares As EPS Growth Is Set To Accelerate
Wednesday, June 25, 2014 - 9:04am | 173Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala reiterated a Buy rating on Texas Capital Bancshares (NASDAQ: TCBI), but lowered the price target from $70.00 to $68.00. In the report, Bank of America noted, “We believe that management's 2014 guidance is likely to prove...
-
UPDATE: Bank of America Upgrades Commerce Bancshares
Thursday, January 9, 2014 - 11:12am | 355Read More...In a report published Thursday, Bank of America Merrill Lynch analyst Ebrahim H. Poonawala upgraded Commerce Bancshares (NASDAQ: CBSH), raising its price objective to $40.00. According to the report, the analyst's cautious view on CBSH was largely driven by concern surrounding continued pressure...
-
UPDATE: Bank of America Initiates Coverage on Hancock Holding as EPS is Expected to Flatline Near-Term
Wednesday, October 9, 2013 - 11:26am | 164Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala initiated coverage on Hancock Holding Company (NASDAQ: HBHC) with an Underperform rating and $29.00 price target. In the report, Bank of America noted, “Started over a century ago and with $18bn in assets, Gulfport,...
-
UPDATE: Bank of America Initiates Coverage on East West Bancorp on Fair Valuation
Wednesday, October 9, 2013 - 11:14am | 154Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala initiated coverage on East West Bancorp (NASDAQ: EWBC) with a Neutral rating and $34.00 price target. In the report, Bank of America noted, “With $23bn in assets, Pasadena, California based East West Bancorp (EWBC)...
-
UPDATE: Bank of America Initiates Coverage on IBERIABANK as Improving ROTE Drives Valuation Higher
Wednesday, October 9, 2013 - 11:06am | 196Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala initiated coverage on IBERIABANK Corporation (NASDAQ: IBKC) with a Buy rating and $66.00 price target. In the report, Bank of America noted, “We initiate coverage on Lafayette, Louisiana based IBERIABANK (IBKC) with a...
-
UPDATE: Bank of America Initiates Coverage on Texas Capital Bancshares on Best-In-Class Status
Wednesday, October 9, 2013 - 11:06am | 157Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala initiated coverage on Texas Capital Bancshares (NASDAQ: TCBI) with a Buy rating and $55.00 price target. In the report, Bank of America noted, “We are initiating coverage on Dallas, Texas based Texas Capital (TCBI) with...
-
UPDATE: Bank of America Initiates Coverage on SVB Financial Group on Continued Secular Growth Story
Wednesday, October 9, 2013 - 11:06am | 172Read More...In a report published Wednesday, Bank of America analyst Ebrahim H. Poonawala initiated coverage on SVB Financial Group (NASDAQ: SIVB) with a Buy rating and $110.00 price target. In the report, Bank of America noted, “We are initiating coverage on Santa Clara CA based Silicon Valley Bank (SIVB)...
