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BMO Names Ares Capital As Top Choice Among BDC Peers, Upgrades To Outperform
Monday, August 19, 2019 - 12:56pm | 331Read More...Ares Capital Corporation (NASDAQ: ARCC) offers an attractive dividend yield and has a best-in-class business model, with no execution risk related to asset clean-ups or transitions out of legacy businesses, according to BMO Capital Markets. The Analyst BMO’s Lana Chan upgraded Ares Capital...
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BMO Downgrades Huntington Bancshares, Calls Premium Valuation Difficult To Justify
Monday, July 8, 2019 - 2:39pm | 358Read More...Ohio-based regional bank Huntington Bancshares Incorporated (NASDAQ:HBAN) is trading at a premium valuation to its peers but this will be difficult to justify moving forward, according to BMO Capital Markets. The Analyst BMO's Lana Chan downgraded Huntington Bancshares from Market Perform...
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BMO Takes Bullish Stance On Regions Financial After Investor Day
Tuesday, March 12, 2019 - 2:38pm | 316Read More...Regions Financial Corp (NYSE: RF)'s investor day revealed an impressive three-year strategy to boost profitability by improving efficiency with “seemingly moderate credit risk,” according to BMO Capital Markets. The Analyst BMO Capital Markets’ Lana Chan initiated ...
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2 Bank Stocks To Buy On The Dip, According To BMO
Friday, February 9, 2018 - 3:26pm | 391Read More...Investors are still reeling from this week’s big market sell-off, but BMO Capital Markets says investors shouldn’t hesitate to jump in and buy a pair of bank stocks on the dip. The Analyst BMO analyst Lana Chan upgraded BB&T Corporation (NYSE: BBT) from Market Perform to...
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With Little Remaining Upside Seen For Cathay General Bancorp, BMO Downgrades
Thursday, November 30, 2017 - 4:58pm | 418Read More...Cathay General Bancorp (NASDAQ: CATY) shares have gained about 18 percent year-to-date, including a 26-percent gain over the past three months. This prompted BMO Capital Markets to revisit its rating on the shares. The Analyst BMO Capital Markets analyst Lana Chan downgraded shares of Cathay...
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Can Record-High Loan Originations Protect First Republic Bank's From Low Interest Rates?
Friday, July 15, 2016 - 2:58pm | 357Read More...BMO said First Republic Bank (NYSE: FRC) is a high-quality bank that is likely to be a main beneficiary of lower long-term rates. The firm maintains a Market Perform rating on the stock. The second quarter was a record loan production quarter for the bank, with originations of $6.5 billion, up 11...
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Will New Hires And Expanded Services Offset Cash Outflows At Boston Private Financial?
Wednesday, July 6, 2016 - 1:14pm | 292Read More...BMO Capital analyst Lana Chan reiterated a Market Perform rating on Boston Private Financial Hldg Inc (NASDAQ: BPFH). The analyst has 12-month price target of $12, based on forward P/E multiple of "15xour revised 2017 EPS estimate," which was discounted back by 10 percent for half a...
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No Longer Expecting Interest Rate Hike This Year, BMO Lowers Estimates For Cathay General Bancorp
Wednesday, July 6, 2016 - 11:28am | 271Read More...BMO Capital Markets analyst Lana Chan does not expect interest rate hike in the current year given the happenings around the world like Brexit. Therefore, she reduced her estimations across the board. Chan reiterated Outperform rating on Cathay General Bancorp (NASDAQ: CATY) but reduced the price...
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BMO Capital Gives Investors A Preview Of Q2 Bank Earnings
Wednesday, July 6, 2016 - 10:58am | 312Read More...Although banks are likely to report solid 2Q earnings, concerns surrounding the direction the Fed would take, the flattening yield curve, and impact of Brexit are expected to weigh on the earnings outlooks, BMO Capital Markets’ Lana Chan said in a report. Given the late reporting dates of...
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BankUnited Management Still Optimistic On Loan Growth
Wednesday, July 6, 2016 - 10:51am | 265Read More...BMO Capital’s Lana Chan mentioned that BankUnited (NYSE: BKU)'s management continues to be optimistic about meeting the annual new loan growth target of $4.5-$5.0 billion, despite the slow start to Q1. Chan maintained an Outperform rating on the company, with a price target of $35....
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UPDATE: First Republic Bank Downgraded at BMO Capital Markets on Margin Pressure
Tuesday, January 7, 2014 - 1:20pm | 81Read More...In a report published Tuesday, analyst Lana Chan of BMO Capital Markets downgrades First Republic Bank (NYSE: FRC) to Market Perform from Outperform and increases price target to $55 from $53. Chan noted in the report, "In addition to the richer valuation, we are also concerned about net interest...
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UPDATE: BMO Capital Raises PT on First Republic Bank on Favorable Near-Term Outlook, Organic Growth Story
Thursday, September 12, 2013 - 9:30am | 166Read More...In a report published Thursday, BMO Capital Markets analyst Lana Chan reiterated an Outperform rating on First Republic Bank (NYSE: FRC), and raised the price target from $46.00 to $50.00. In the report, BMO Capital Markets noted, “FRC remains one of the few organic growth stories in banking. Near...
