Erika Najarian

Shares of JPMorgan Chase & Co (NYSE:JPM) came under pressure on Wednesday, even after the company on Tuesday reported upbeat second-quarter earnings. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. Keefe, Bruyette & Woods On JPMorgan Analyst...

JPMorgan Chase & Co (NYSE: JPM) shares gained 2.9% Monday morning after the bank acquired the deposits and a "substantial majority of assets" from First Republic Bank (NYSE: FRC). First Republic is the latest victim of the U.S. regional banking crisis that has also taken down...

Big U.S. banks got a vote of confidence from the Federal Reserve on Thursday when all 23 banks subject to the Fed’s annual stress test passed with flying colors. What Happened? The Fed said all the banks it tested would maintain capital levels “well above” the minimum...

Despite historically low-interest rates weighing on bank earnings, the Financial Select Sector SPDR Fund (NYSE: XLF) is up 27.5% in 2021, more than double the return of the SPDR S&P 500 ETF Trust (NYSE: SPY). Earnings Expectations: On Thursday, DataTrek Research co-founder Nicholas Colas said...

Shares of Wells Fargo & Co (NYSE: WFC) have lost more than 50% year to date and the company is the only bank in its peer group to be still trading below the pre-pandemic levels, according to BofA Securities. The Wells Fargo Analyst: Erika Najarian upgraded the rating for Wells Fargo from...

Investors are gearing up for a potential jump in inflation rates following an unprecedented $6 trillion in U.S. government stimulus spending since the beginning of 2020. An extended period of elevated inflation may be great news for banks as long as inflation rates don’t get out of control,...

U.S. Bancorp (NYSE: USB) faces the strong potential for upward revisions to 2021 earnings, driven by PPNR (pre-provision net revenue), apart from solid credit leverage, according to BofA Securities. The U.S. Bancorp Analyst: Erika Najarian upgraded the rating for U.S. Bancorp from Underperform to...

Bank stocks are off to a hot start to 2021, and one analyst said Tuesday the early-year momentum will likely continue in the quarters ahead. The Analyst: Bank of America analyst Erika Najarian raised her price target for U.S. bank stocks by an average of 11%. Here are several of her Buy-rated picks...

Rising interest rates and economic stimulus have been a winning combination for bank stock investors in recent months. Since the beginning of November, the Financial Select Sector SPDR Fund (NYSE: XLF) is up 39.1% and the SPDR S&P Bank ETF (NYSE: KBE) is up 54.5%. On Monday, BofA...

Wells Fargo & Co (NYSE: WFC) seems poised to benefit from the estimated 19% growth in the Federal Reserve’s balance sheet in 2021, which is driving deposit growth in the banking sector, according to BofA Securities. The Wells Fargo Analyst: Erika Najarian maintained a Neutral rating for...

Bank stocks have gotten a lot of love on Wall Street in the past couple of months, but some banks are better-positioned heading into 2021 than others. On Thursday, Bank of America issued one big upgrade for JPMorgan Chase & Co. (NYSE: JPM) and one downgrade, U.S. Bancorp (NYSE: USB)....

Bank stocks traded higher on a brutal morning on Wall Street on Monday after the Federal Reserve said banks can resume their share buybacks in the first quarter of 2021. What Happened? After Friday's close, the Fed published the results of its annual Comprehensive Capital Analysis and...

BofA Securities is raising its price targets for large cap banking stocks by around 15% on average, reflecting an improved economic outlook.  The US Banks Analyst: Erika Najarian said in a note that banking stocks recorded significant gains this week after a positive update on...

Big banks kicked off third-quarter earnings season Tuesday with JPMorgan Chase & Co.'s (NYSE: JPM) "typical" beat, according to BofA Securities. The JPMorgan Analyst: Erika Najarian maintains a Neutral rating on JPMorgan with an unchanged $114 price target. The...