KBW

KBW is out with its report today on State Auto Financial (NASDAQ: STFC), maintaining Market Perform. In a note to clients, KBW writes, "State Auto provided an update for June weather losses, that also included some additions from the previous storms in April and May, totaling $20-$30 million pre-...

KBW is out with its report today on Investment Technology Group (NYSE: ITG), maintaining Market Perform. In a note to clients, KBW writes, "After market close, ITG announced it is launching a cost reduction plan in 3Q11 that should decrease 2012 expenses by over $20 million or ~$0.30 per share....

KBW provided color on HSBC (NYSE: HBC). In a research report published today, KBW commented on HSBC's plans to review its U.S. operations. In the report, KBW states, “In an effort to redefine its global strategy, HSBC recently announced it is conducting a strategic review of its U.S. ops,...

KBW has an Outperform rating and a $140 price target on shares of Intercontinental Exchange, Inc. (NYSE: ICE). In a note to clients, KBW writes, "We caught up with Jeff Sprecher, CEO, and David Goone, Chief Strategic Officer when we visited their expanding Chicago office where ICE is building its...

KBW has an Outperform rating and a $13 price target on shares of Citizens Republic Bancorp (NASDAQ: CRBCD). In a note to clients, KBW writes, "Following the successful completion of an accelerated disposition plan in 1Q11, we believe Citizens has significantly improved its credit quality and...

KBW has an Outperform rating and a $75 price target on shares of Allied World Assurance Holdings Ltd. (NYSE: AWH). In a note to clients, KBW writes, "AWH pre-announced losses from 2Q11 U.S. storms of $40-50 mm pre-tax ($0.92-1.15/sh) and $25 million ($0.58/sh) of reserve additions related to 1Q11...

KBW is out with its report today on Starwood Property Trust (NASDAQ: STWD), initiating STWD at Outperform. In a note to clients, KBW writes, "Starwood is a commercial mortgage REIT which went public in August 2009. Starwood primarily originates and invests in commercial real estate whole loans...

KBW provided a number of updates on card issuing in a research report published today. Alliance Data Systems (NYSE: ADS) had its rating maintained at Market Perform. At the same time, its price target was left unchanged at $96. On Wednesday, ADS closed the day at $96.03. American Express (NYSE:...

KBW reiterated its Market Perform rating on Everest Reinsurance Holdings (NYSE: RE). At the moment, KBW has a price target of $87 placed on the company's stock. On Wednesday, RE added 1.49% to its value to end the day at $81.92.

KBW provided updates on broker dealers in a research report published today. TD Ameritrade (NASDAQ: AMTD) had its rating maintained at Outperform. At the same time, its price target was reiterated at $24. On Wednesday, Ameritrade lost 2.39% of its value to finish the day at $19.19. E-Trade...

KBW provided a number of updates on title insurers in a research report published today. First American Financial (NYSE: FAF) had its rating maintained at Market Perform. At the same time, its price target was reiterated at $17. On Wednesday, FAF added 0.7% to its value to end the day at $15.90...

KBW reiterated its Market Perform rating on Hanover Insurance Group (NYSE: THG). At the same time, KBW left its price target on the company's stock unchanged at $48. On Wednesday, Hanover Insurance added 0.78% to its value to end the day at $37.56.

KBW is initiating coverage on Aircastle (NYSE: AYR) at Market Perform with a $14 PT.

KBW is initiating coverage on AerCap Holdings (NYSE: AER) at Outperform with a PT of $16.

KBW is initiating coverage on FLY Leasing (NYSE: FLY) at Market Perform with a PT of $14.