|Bid||0.00 x 800|
|Ask||590.63 x 800|
|Day's range||109.83 - 116.17|
|52-week range||85.09 - 174.93|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||9.13|
|Earnings date||16 Jul 2020 - 20 Jul 2020|
|Forward dividend & yield||4.40 (3.90%)|
|Ex-dividend date||29 May 2020|
|1y target est||122.84|
Investor sentiment mixed on banks' Q4 earnings, with the major players displaying top-line strength aided by higher fee income and loan growth, partly muted by margin pressure and elevated expenses.
While growth in loan and deposit balances, and net revenues along with fall in provisions support People's United's (PBCT) Q4 earnings, escalating non-interest expenses hurt.
M&T Bank Corporation (MTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wells Fargo's (WFC) mortgage banking performance is projected to have improved in the December-end quarter. However, ongoing litigation hassles may have escalated the bank's expenses.
First Republic's (FRC) Q4 results are likely to reflect higher investment management revenues, muted interest income and increased expenses.
Citigroup's (C) consumer banking business' Q4 results likely to be impressive. Further, fixed income market revenues will likely reflect growth on a sequential basis.
M&T Bank's (MTB) board of directors announces 10% hike in the company's quarterly common stock dividend, to be paid on Dec 31, to shareholders of record as of Dec 2, 2019.
Zacks Value Trader Highlights: Bank of America, PNC Financial, US Bancorp, Goldman Sachs and M&T Bank
Though lower interest rates and economic slowdown are expected to hurt banks' financials, strategic initiatives undertaken by them are likely to offer some support.
People's United's (PBCT) third-quarter 2019 earnings reflect top-line strength, partially offset by elevated expenses and contraction of margins.
Citizens Financial's (CFG) Q3 earnings reflect capital strength and higher fee income, partially offset by escalating expenses and provisions.