UBS analysts continue to be biased against U.S. banks - Here is why

Should You Invest in the iShares U.S. Regional Banks ETF (IAT)?

S&P 500's fwd earnings x: above its 5-year average but below its 5-year high - analyst

S&P 500's forward earnings multiple ended last week at 21.1x for the next 12-month earnings estimates, 7.1% above its five-year average but below its 5-year high of 23.9x in 2020. Since last Friday, information technology, financials, energy and health care have had forward multiples above their respective averages.

Weekly Report: what happened at IAT last week (0715-0719)?

Should You Invest in the SPDR S&P Regional Banking ETF (KRE)?

IAT: Charge-Offs Up, Office Real Estate Continuous Concern

Friday's ETF with Unusual Volume: IAT

Wells Fargo is bullish on the banking sector and upgrades the segment to outperform

Wells Fargo's equity research team upgraded its rating on U.S. Banks to outperform. Wells Fargo is bullish on the banking sector and upgrades the segment to outperforms. The financial institution noted that banks are trading at a significant discount and in oversold conditions.

Bank ETFs Soar on Trump Trade, September Rate Cut Bets

Is SPDR S&P Regional Banking ETF (KRE) a Strong ETF Right Now?

US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows

U.S. Bancorp reports second-quarter FY24 results. Revenue stood at $6.867 billion (-4.3% Y/Y), beating the consensus estimate. The company reported a CET1 capital ratio of 10.3%. USB reiterated FY24 net interest income guidance.

Goldman Sachs Maintains Neutral on PNC Despite Strong Results, Cites Modest FY24 Outlook

Goldman Sachs analyst Richard Ramsden anticipates a neutral investor response to PNC Financial Services Group, Inc.’s stronger results and updated FY24 guidance. The bank reported a revenue increase of 2% Y/Y to $5.411 billion. Ramsden rated PNC as Neutral with a price target of $165.

PNC Financial Q2 Earnings: EPS Beat, Net Interest Income Dip, Sees 4% NII Decline In FY24

PNC Financial Services Group, Inc. Reported second-quarter FY24 results. The bank reported a revenue increase of 2% Y/Y to $5.411 billion. PNC's shares are trading higher after the report. The company's noninterest income grew 18% in the second quarter.

Weekly Report: what happened at IAT last week (0708-0712)?

Bank stocks: most big U.S. lenders outpacing S&P 500’s YTD gain ahead of Q2 results

Bank stocks: most big U.S. Lenders outpacing S&P 500’s YTD gain ahead of Q2 results. Shares of most of a group of big banks have outstripped the S&p 500's advance this year. JPMorgan Chase and Wells Fargo will release their second-quarter results Friday. The S& p 500 Banks index has risen 19% this year and 17% in 2024.

Conundrum Cubed: Scope 3 For Financials

Weekly Report: what happened at IAT last week (0701-0705)?

What to Expect From Regions Financials’ Next Quarterly Earnings Report

Regions Financial Corporation (RF) is set to report its fiscal second-quarter earnings for 2024 before the market opens on Friday, Jul. 19. The company is expected to report a profit of $0.49 per share. RF stock is up 2.6% on a YTD basis, underperforming the broader S&P 500.

CDT Insider Sentiment June 2024: Keep Your Seatbelt Fastened

First Foundation Stock Plunges After $228M Fundraise: Regional Bank Has Heavy Commercial Real Estate Exposure

First Foundation Inc. Shares fell 24.7% on Wednesday. The Dallas-based regional bank received a $228 million investment from Fortress Investment Group. The stock closed at $6.58 a share on Tuesday but dropped to $4.95 by Wednesday. Fortress will invest $115 million in First Foundation.