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Research Daily

Tuesday, October 18, 2016

Today's Research Daily features new research reports on 16 major stocks, including Bank of America  (BAC), Procter & Gamble (PG) and Home Depot (HD).

Bank of America have lagged the broader market as well as the Finance sector in the year-to-date period, given the combination of the banking giant's reputation for operational challenges and the overall tough operating for banks environment. But part of these headwinds appear to have started lifting as reflected in the company's strong quarterly results, which followed similar momentum from a number of its peers as well. Bank of America’s third-quarter earnings handily surpassed the Zacks Consensus Estimate, driven by impressive growth in fixed income trading revenues and investment banking fees, along with higher mortgage banking income. Efficient expense management also supported the bottom line. The analyst likes this buy-rated company’s efforts to improve loan and deposit balances, restructure its balance sheet and steadily deploy capital. (You can read the full research report on Bank of America here>>)

You can check out our analysis of the Q3 earnings season, with a focus on bank earnings, in this week's Earnings Preview report - Reassuring Start to the Q3 Earnings Season >>

Procter & Gamble shares have gained more than 10% year-to-date on the back of the company's strong brand recognition, diversified portfolio, impressive product development capabilities and marketing prowess and strong cash flows. The company is investing in its brands and products and redesigning its supply chain to improve productivity and organic growth. Though the portfolio restructuring plan is hurting near-term sales and profits, it will ultimately increase profitability.  (You can read the full research report on Procter & Gamble here>>)

Home Depot shares have not been doing too well recently. But the analyst likes the company’s focus on customer experience and its solid execution. Home Depot is also gaining from the housing market recovery and these factors helped it post its highest quarterly sales and earnings, in the last reported quarter, following which it raised its fiscal 2016 earnings view. However, intense competition from specialty stores and mass retailers as well as the impact of soft economic recovery on discretionary spending may prove to be deterrents. (You can read the full research report on Home Depot here>>)

Other noteworthy reports we are featuring today include Microsoft (MSFT), Wal-Mart (WMT), and PNC Financial (PNC).  

You can find all of today's stock research reports here>>

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Sheraz Mian

Director of Research

Note: If you want an email notification each time Sheraz publishes a new article, please click here >>

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