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Zacks Equity Research

Here's Why You Should Hold on to New York Community (NYCB) Now

New York Community's (NYCB) efforts to diversify its loan portfolio and loan portfolio repricing will aid it amid CRE loan woes and escalating expenses.

NTRSNegative Net Change UMBFPositive Net Change NYCBNegative Net Change

Zacks Equity Research

Cohen & Steers' (CNS) April AUM Dips on Unfavorable Markets

Cohen & Steers (CNS) records a 4.9% sequential decline in April 2024 AUM.

BENNegative Net Change IVZPositive Net Change CNSNegative Net Change

Zacks Equity Research

Western Union (WU) Leverages Adonis & OXXO Alliances for Growth

Western Union (WU) provides services across more than 200 countries and territories and through around 130 currencies.

FISPositive Net Change WUPositive Net Change GPNNegative Net Change PAGSNegative Net Change

Zacks Equity Research

Gladstone (GOOD) Boosts Industrial Property Base With Buyout

As part of its efforts to expand in strong industrial locations, Gladstone (GOOD) acquires an industrial manufacturing, distribution and service facility in Warfordsburg, PA.

IRMPositive Net Change LAMRPositive Net Change GOODNegative Net Change REXRNegative Net Change

Zacks Equity Research

Best Momentum Stock to Buy for May 9th

NRIM, ALL and MTZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 9, 2024.

ALLPositive Net Change MTZPositive Net Change NRIMNegative Net Change

Zacks Equity Research

Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII

Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.

JPMPositive Net Change VPositive Net Change CBSHNegative Net Change TFCPositive Net Change

Nalak Das

Buy These 5 Year-to-Date Laggards With Strong Upside Potential

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: NOW, ACM, NEM, NTRS, PFGC.

NTRSNegative Net Change NEMNegative Net Change ACMPositive Net Change NOWPositive Net Change PFGCNegative Net Change

Tirthankar Chakraborty

Dow's 40,000 on the Way: 3 Blue Chip Stocks to Buy Now

As the Dow continues to scale upward, it's prudent to invest in stocks such as Amazon (AMZN), Goldman Sachs (GS), and Salesforce (CRM) that are listed on the said index and are financially sound.

AMZNNegative Net Change GSNegative Net Change CRMPositive Net Change

Zacks Equity Research

Best Value Stocks to Buy for May 9th

TNP, GM and BRFS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 9, 2024.

GMNegative Net Change TNPPositive Net Change NRIMNegative Net Change

Zacks Equity Research

Best Income Stocks to Buy for May 9th

NRIM, FMAO and TSN made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 9, 2024.

TSNNo Net Change FMAOPositive Net Change NRIMNegative Net Change

Zacks Equity Research

Zacks Industry Outlook Highlights Morgan Stanley, The Goldman Sachs and Piper Sandler

Morgan Stanley, The Goldman Sachs and Piper Sandler have been highlighted in this Industry Outlook article.

GSNegative Net Change MSPositive Net Change PIPRNegative Net Change

Zacks Equity Research

New Strong Buy Stocks for May 9th

TNP, CLS, ALL, SRCE and GM have been added to the Zacks Rank #1 (Strong Buy) List on May 9, 2024.

ALLPositive Net Change GMNegative Net Change CLSPositive Net Change TNPPositive Net Change SRCEPositive Net Change

Zacks Equity Research

New York Community (NYCB) Rating Downgraded to BB by Fitch

Fitch Ratings downgrade New York Community's (NYCB) IDRs. This is primarily due to the bank's weak earnings and profitability.

JPMPositive Net Change NYCBNegative Net Change TFCPositive Net Change

Zacks Equity Research

Synovus (SNV) to Sell RWA & Reposition Securities Portfolio

Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.

WFCPositive Net Change SNVPositive Net Change TFCPositive Net Change

Zacks Equity Research

What's in the Cards for Medical Properties (MPW) in Q1 Earnings?

While Medical Properties' (MPW) Q1 earnings are likely to have benefited from the favorable healthcare industry trends, the high interest rate environment may have hurt it.

VTRPositive Net Change MPWPositive Net Change DOCPositive Net Change

Zacks Equity Research

Mr. Cooper (COOP) Rises 3% Since Q1 Earnings Beat: Growth Ahead?

For the second quarter, Mr. Cooper (COOP) expects Originations pretax income to be in the $30-$40 million range.

DFSNegative Net Change ALLYNegative Net Change VIRTNegative Net Change COOPPositive Net Change

Zacks Equity Research

ICICI Bank (IBN) Rides on Loans & High Rates Amid Cost Woes

ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.

IBNPositive Net Change BMANegative Net Change CIBPositive Net Change

Zacks Equity Research

Stock Market News for May 8, 2024

Wall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts.

CROXPositive Net Change USACNegative Net Change KVUENo Net Change

Zacks Equity Research

Why Earnings Season Could Be Great for Royalty Pharma (RPRX)

Royalty Pharma (RPRX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

RPRXPositive Net Change

Urmimala Biswas

Pick These 5 Lucrative GARP Stocks Using PEG Ratio

The GARP approach is for investors who are on the lookout for a mixed investment strategy. MGM, THC, ALL, RCL and EAT are some of the stocks that qualify our screening of GARP stocks.

RCLNegative Net Change EATPositive Net Change ALLPositive Net Change THCNegative Net Change MGMNegative Net Change

Zacks Equity Research

Truist (TFC) Closes TIH Sale, Repositions Balance Sheet

Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.

WFCPositive Net Change CGPositive Net Change TFCPositive Net Change

Swayta Shah

3 Investment Banks to Buy on Flourishing Industry Prospects

Rebound in IB business on the back of clarity on the macroeconomic backdrop and a decent trading performance will support the Zacks Investment Bank industry players like Morgan Stanley (MS), Goldman (GS) and Piper Sandler (PIPR).

MSPositive Net Change GSNegative Net Change PIPRNegative Net Change

Tirthankar Chakraborty

4 Must-Buy Profitable Stocks Using Net Income Ratio

Option Care Health (OPCH), Merchants Bancorp (MBIN), Teekay Tankers (TNK), and GigaCloud Technology (GCT) have been selected as the top picks with a high net income ratio.

TNKNegative Net Change MBINPositive Net Change OPCHNegative Net Change GCTNegative Net Change

Zacks Equity Research

Jones Lang's (JLL) Q1 Earnings & Revenues Beat Estimates

The strength of its resilient lines of business and transaction-based business' performance supports Jones Lang's (JLL) Q1 earnings.

JLLPositive Net Change OUTNegative Net Change CBREPositive Net Change

Zacks Equity Research

MarketAxess (MKTX) Q1 Earnings Beat on Strong Credit Trading

MarketAxess' (MKTX) Q1 results benefit from improved trading volumes in the emerging markets. It expects 2024 operating expenses to stay at the lower end of the guidance of $480-$500 million.

CBOENegative Net Change MKTXPositive Net Change EEFTNegative Net Change VIRTNegative Net Change