The financial services sector encompasses a broad range of companies that offer financial products and services to individuals and businesses. Because the industry is so diverse, there are numerous sub-sectors within finance, each with its own set of specific risks and rewards. Many different bank stocks are available to investors; some are riskier than others.
When looking at potential bank stocks, it’s essential to understand which sub-sector they fall under and the risks associated with that financial services industry segment. The financial services sector encompasses a broad range of companies that offer financial products and services to individuals and businesses. Because the industry is so diverse, there are numerous sub-sectors within finance, each with its own set of specific risks and rewards.
When looking at potential bank stocks, it’s essential to understand which sub-sector they fall under and the risks associated with that financial services industry segment. There are many things to consider when choosing your following bank stock. Your choice will depend on your specific needs and risk appetite. Each of these stocks is unique in terms of risk, growth potential, valuation, and dividend yield.
Canadian Imperial Bank of Commerce
According to Bloomberg, the fourteen different brokerages that are currently monitoring Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) have given the company’s shares an average rating of “Moderate Buy.” These brokerages are now keeping an eye on the Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM). One of the specialists in equity research recommended buying the stock, while the opinions of the other seven experts were unanimous in recommending that investors do so.
As a result of CM’s impressive recent success, several other brokerage houses have expressed interest in the company. In a research report made public on May 20 by CSFB, the company assigned an “outperform” rating to Canadian Imperial Bank of Commerce and set a price objective of C$81.00 for the stock.
In a report made public on Friday, May 20, Scotiabank lowered the “outperform” rating and price objective that it had previously assigned to shares of Canadian Imperial Bank of Commerce to a price of C$83.00 and C$166.00, respectively. This information was included in the report. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from $80.00 to $83.00 in research disseminated on Friday, May 27. In a report on Friday, National Bankshares gave Canadian Imperial Bank of Commerce an “outperform” rating and raised their price objective on the company from C $83.00 to C $84.00.
These changes were made in response to the firm’s strong performance. The Credit Suisse Group announced the launch of its coverage of the Canadian Imperial Bank of Commerce with the publication of a research study on Friday, May 20. They suggested investing in the company’s stock and projected it would reach 81.00 Canadian dollars per share during the next three months. The price of C$64.94 was chosen to mark the opening of trading on the TSE: CM on Monday.
The Canadian Imperial Bank of Commerce has had a price range that ranges from a low of 59.03 Canadian dollars to a high of 83.75 Canadian dollars over the past 12 months. The corporation’s market capitalization is currently at 58.75 billion Canadian dollars, and its price-to-earnings ratio is 9.21. The company’s moving average for the past 50 days is 64.17, and its moving average over the past 200 days is 106.55. The findings of the most recent quarterly financial report were made public by the Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) on Thursday, May 26.
The day marked the day when the bank disclosed the results. The company reported that its earnings per share for the quarter came in at 1.77 Canadian dollars, which is $0.01 less than the average prediction, which was 1.78 Canadian dollars. The total quarterly revenue came in at 5.38 billion Canadian dollars, much higher than the analysts’ prediction of $5.24 billion for the quarter’s total revenue. Research professionals anticipated the Canadian Imperial Bank of Commerce to generate earnings of $7.55 per share during the fiscal year.
In addition, the company has just disclosed that it will be implementing a quarterly dividend due to be paid out on October 28. Shareholders on record as of September 28 will be eligible to receive a dividend payment of $0.83 if the dividend is declared. The day that the dividend payment will be deducted from accounts will be this coming Tuesday, September 27. This translates to a dividend distribution of $3.32 per year and a return on investment of 5.11%.
The Canadian Imperial Bank of Commerce keeps a payout ratio of 44.96%. Customers in Canada, the United States of America, and the rest of the world can take advantage of the vast array of financial goods and services provided by the Canadian Imperial Bank of Commerce (CIBC), a diversified financial institution. CIBC serves clients in both countries. Individuals, private companies, and public agencies are all included in this category of clients.
The company is organized into four primary business segments: personal and business banking in Canada, commercial banking in the United States, wealth management, and personal and business banking in the United States. The company’s structure includes personal and business banking in the United States.
Huntington Bancshares
Bloomberg says that the seventeen research firms that follow Huntington Bancshares Incorporated (NASDAQ: HBAN) have given the stock a “Hold” rating as their overall recommendation. This rating represents the consensus of the research firms’ individual opinions regarding the stock. Eight research experts have offered advice that the stock should be purchased; eight research experts have suggested that the stock should be kept; one research expert has indicated a strong buy, and three research experts have suggested that the stock should be sold.
Most analysts who have researched the firm over the last year have issued a price objective for the company’s stock for the next year, with an average value of $15.11 per share. 3 Earnings The Season Has Produced Results There have been super regional banks: Being Billed For Something In recent times, the company has been given feedback from several research experts. This information has been received. On July 11, Jefferies Financial Group announced that they would decrease their price objective for Huntington Bancshares from $14.50 to $13.00.
The research was published on the same day. In a research note published on Friday, July 1, JPMorgan Chase & Co. lowered its price target on Huntington Bancshares from $17.50 to $14.50 and downgraded the stock from “overweight” to “neutral.” In a research report published on June 2, Keefe, Bruyette & Woods lowered their price objective on Huntington Bancshares from $17.00 to $15.00 and changed their rating on the stock from “market perform” to “underperform.” In a research note issued on Friday, July 8, Huntington Bancshares lowered its target price on the stock from $14.00 to $13.50 and downgraded the stock from “overweight” to “neutral” in a research note. The research note was published. In a research report published on Thursday, July 28, Argus raised Huntington Bancshares from a “hold” rating to a “buy” rating and set a price target of $15.00 for the company in a research report. Argus also set a price objective of $15.00 on the stock.
NASDAQ: HBAN was first available for trading on Monday with an opening price of $13.64. There is a debt-to-equity ratio of 0.50, a quick ratio of 0.81, and a current ratio of 0.82. All of these figures concern the company’s overall financial health. The stock price has reached $13.02, which is equal to its 50-day moving average, and $13.74, which is equal to its 200-day moving average. The company has a beta value of 1.20 and a price-to-earnings ratio of 12.18, giving the company a market capitalization of $19.67 billion.
In the year 2021, there will be three community banks that offer outstanding value to their customers. On Thursday, July 21, Huntington Bancshares announced the release of its most recent quarterly earnings report, which was listed under the ticker symbol NASDAQ: HBAN. The bank reached quarterly earnings of $0.35 per share, which was $0.01 more than the analysts’ consensus expectation of $0.34 per share. The return on equity for Huntington Bancshares was 13.11 percent, and the company’s net margin was 25.58%. The same period the year before resulted in the corporation generating profits per share of $0.35. Sell-side analysts think that Huntington Bancshares will make an average profit of $1.46 per share in 2018.
They have said this in their predictions. In addition, the firm has also disclosed that it will commence disbursing a quarterly dividend on Monday, October 3, beginning with the shares of stock it now owns. Shareholders whose information is recorded as September 19 will be eligible to receive a dividend payment of $0.155 per share. That results in a dividend payout of $0.62 per year and a yield on the investment of 4.55% per year. Huntington Bancshares has a dividend payout ratio (DPR) of 55.36%.
Helga Houston, an employee of the company who was on the inside, sold 28,166 shares of the company’s stock on May 31. This arrives in the wake of other recent pieces of news. The company’s stock was sold for a total value of $387,845.82, corresponding to an average price of $13.77 per share. The transaction took place. After the conclusion of the transaction, the corporate insider now directly owns 496,474 shares of the company’s stock. Based on the current stock price, this gives the insider a total value of roughly $6,836,446.98. On May 31, 5,456 shares of the business’s stock were sold by Zachary Jacob Wasserman, the company’s Chief Financial Officer. This is related to the events described above.
The chief financial officer now owns 207,777 shares of the company, which are currently valued at $2,850,700.44 due to the transaction that took place. The information on the sale can be found in a document sent to the SEC and is currently viewable on their website. Helga Houston, an employee of the firm who is considered an insider, sold 28,166 shares of the company’s stock on May 31.
The total value of the stock that changed hands was $387,845.82, resulting in an average price of $13.77 for each share. The business insider now directly owns 496,474 shares of the company’s stock, which have a combined value of about $6,836,446.98 as a direct consequence of the transaction. Disclosures that are related to the sale might be found in this section of the website. Firm insiders sold 45,240 shares during the most recent quarter for a total price of $629,538, representing 0.72% of the stock’s current market value.
This transaction took place during the most recent quarter. Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios. Huntington Bancshares rose 433.3 percent in the last three months of 2018. Tortoise Investment Management LLC currently has a total of 1,600 shares of the bank’s stock, valued at $25,000, thanks to a recent acquisition of an additional 1,300 shares during the most recent quarter. During the first three months of the year, Core Alternative Capital contributed twenty-five thousand dollars (USD) toward the acquisition of Huntington Bancshares.
During the second quarter, Concord Wealth Partners increased the percentage of Huntington Bancshares, maintaining a position of 72.0%. Concord Wealth Partners now owns 2,135 shares of the bank’s stock, which are presently valued at $26,000, thanks to the acquisition of an additional 894 shares during the period in question. During the last three months of the calendar year, Loring Wolcott & Coolidge Fiduciary Advisors LLP made a new investment of $27,000 in Huntington Bancshares. Last but not least, during the first three months of this year, Riverview Trust Company spent around $27,000 to acquire an additional position in Huntington Bancshares.
Institutional investors own 79.26% of the company’s shares, making them the majority of the shareholders. Huntington Bancshares, Inc., the holding company for Huntington Inc. The Huntington National Bank is a subsidiary of Huntington Bancshares Incorporated, the bank’s parent company. In the United States, banking services for businesses, consumers, and mortgage services are provided by Huntington National Bank.
Four different business groups make up the company. These are Consumer and Business Banking, Commercial Banking, Vehicle Finance, Regional Banking, and The Huntington Private Client Group (RBHPCG).
KeyCorp
According to MarketBeat, eighteen analysts cover KeyCorp (NYSE: KEY), and the stock has been assigned an average rating of “Hold” by those analysts. MarketBeat adds that this rating is the most common one. One of the research analysts has assigned the stock a rating of sell. Seven other analysts have assigned a recommendation to hold the stock. Six analysts have assigned a recommendation to hold the stock. And six analysts have assigned a recommendation to buy the stock. The average price goal for one year established by brokerage companies that have reported on the company in the preceding year is $23.39. Brokerage firms have set this price objective for the company. Top Companies Led by Female CEOs: Successful Female-Owned Businesses Female Business Owners Recent times have seen several research analysts doing studies on the corporation and writing reports on the conclusions of those studies. In a report released Tuesday, July 12, Citigroup gave the company a “neutral” rating and lowered its price objective for KeyCorp from $22.00 to $19.00.
Additionally, the corporation was described as “neutral” in the report. On June 20, Piper Sandler published a research study establishing the price objective for KeyCorp to be $19.00. This report was made available to the public. Wedbush boosted their price target on KeyCorp to $21.00 and stated that they believe the company will achieve this price. This information was included in a research report released on Friday, July 22. In a research report published on Thursday, May 26, Wolfe Research rated KeyCorp as “underperform. Due to this evaluation, the firm decreased its price objective for the stock from $23.00 to $17.00. Last but not least, Morgan Stanley raised their price target for KeyCorp from $21.00 to $23.00 and upgraded the company’s rating from “equal weight” to “overweight” in a research report published on Friday, July 22. KEY began trading on Monday at $18.43. KeyCorp reached a new all-time high of $27.17 during the last year, while the company hit a new all-time low of $16.41 during the same period. The company currently has a market valuation of 17.19 billion dollars. It has a current ratio of 0.81, a quick ratio of 0.81, and a price-to-earnings-growth ratio of 0.46. The debt-to-equity ratio comes in at 1.33, the current ratio is 0.81, and the quick ratio is 0.81. Additionally, the value of its beta coefficient is 1.32. $18.06 is the company’s moving average price over the past 50 days, and $20.23 is the moving average price over the last 200 days. The most current quarterly financial report for KeyCorp (NYSE: KEY) was made public on the company’s website on Thursday, July 21.
The company that provides money management services reported quarterly earnings per share of $0.54, which was $0.02 higher than the consensus estimate of $0.52 provided by industry analysts. KeyCorp had a return on equity of 15.01% and a net margin of 28.53% for the company overall. The company reported a profit of $0.72 per share for the same period in the prior year’s financial statements. In comparison to the same period the year before, KeyCorp’s sales had a 1.1% increase. According to projections made by financial analysts, KeyCorp is expected to create earnings of $2.24 per share this year. In addition, the corporation has declared a quarterly dividend, which will be paid out on September 15 as previously scheduled. The amount of the dividend payment that will be made on Tuesday, August 30, to stockholders of record will be $0.195. This payment will be made to stockholders with a record of their ownership. On Monday, August 29, shareholders will no longer be eligible to receive dividend payments after that date. Consequently, the dividend payment is $0.78 annually, and the dividend yield is calculated to be 4.23%. In the case of KeyCorp, the proportion of a company’s profits that are paid out in the form of dividends is 34.21 percent. The overall quantity of KEY that hedge funds and other institutional investors hold has recently been modified.
During the fourth financial period of the quarter, the amount of KeyCorp stock that SG Americas Securities LLC owns went up by 134.3%. As a result of the company’s purchase of an additional 22,139 shares during the most recent quarter, it now holds a total of 38,623 shares of the stock held by the financial services provider. The current value of the company’s holdings in this stock is $893,000. To acquire a new stake in KeyCorp during the fourth quarter, Keybank National Association, OH, contributed an additional 423,000 dollars to the purchase. The value of CIBC Asset Management Inc.’s holdings in KeyCorp climbed by 2.6% during the final three months of 2018. CIBC Asset Management Inc. currently has a total of 90,221 shares of the company held by the financial services provider following the acquisition of an additional 2,287 shares during the most recent quarter. The stock is now valued at $2,087,000 due to the ownership of these shares. During the last quarter of the fiscal year, Bank of America Corp. DE invested 3.5% more money into KeyCorp, bringing its total investment to 7.5%. Bank of America Corp. DE now owns a total of 8,627,092 stock held by the financial services provider. This comes from the company’s purchase of 295,493 shares during the most recent quarter. One share of the company’s stock currently has an estimated $199,545,000. Additionally, CIBC Private Wealth Group LLC successfully grew its KeyCorp holdings by 1.0% over the final three months of 2018. CIBC Private Wealth Group LLC now holds 106,669 shares of the financial services provider’s stock, valued at $2,467,000, after purchasing an additional 1,033 shares during the most recent quarter.
These shares were purchased for a total of $2,467,000. Institutional investors control most of the company’s stock, which amounts to 83.24% of the total. The KeyBank National Association operates as a wholly owned subsidiary of the holding firm KeyCorp. KeyBank National Association’s headquarters in the United States provides a wide range of banking products and services to retail and commercial clients. Retail banking and business banking are the two types of financial services that fall under its purview as a regulatory body. Individuals and small and medium-sized businesses can get deposits, investment products and services, personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit cards, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, trust, and related services.
