trending Market Intelligence /marketintelligence/en/news-insights/trending/SwnWpip1CYEsoe5J2FbSFw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Macquarie Research downgrades US Bancorp to 'neutral' from 'outperform'

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Macquarie Research downgrades US Bancorp to 'neutral' from 'outperform'

Upgrade

Steven Alexopoulos from J.P. Morgan upgraded New York Community Bancorp Inc.'s stock rating to "neutral" from "underweight" and raised the price target to $11.50 from $9.50.

Alexopoulos now sees return on tangible equity as likely bottoming in the second half, with a slow and steady rise expected through 2021.

He also wrote that with the "very healthy" dividend yield of 6% appearing unchanged, the analyst now sees expectation of total return to be in line with the company's peers.

The analyst's adjusted EPS estimates for the company are 77 cents for 2019 and 84 cents for 2020.

Downgrade

David Konrad from Macquarie Research downgraded Minneapolis-based U.S. Bancorp's stock rating to "neutral" from "outperform" with a price target of $59.

Konrad wrote that he remains "cautious" on the superregional banks, as he expects an additional rate cut but does not expect a meaningful cut in deposit costs. He also wrote that the company's better-than-expected earnings in the second quarter coupled with a flight to quality for a business mix facing less net interest margin pressure, among other things, left minimal upside to the analyst's price target for the company.

The analyst's EPS estimates for the company are $4.31 for 2019, $4.45 for 2020 and $4.75 for 2021.