SPDR S&P Bank ETF (KBE)
NYSEArca - NYSEArca Delayed Price. Currency in USD
- Barrons.com•2 days ago
Credit Suisse analyst Susan Roth Katzke and Athena Xie are "weighing the risks" on Wells Fargo (WFC) following revelations that it had opened two million customer unauthorized accounts...and while they cut their price target, they leave their Outperform rating intact. To reflect the heightened risk and related costs, we are reducing our 2017/2018 estimates to $4.00/$4.30 per share (old: $4.15/$4.45, see detail below)... While there's no doubt our confidence is undermined by the circumstances surrounding the bank's September 8th settlement and the follow-on investigations, we believe Wells Fargo shares are now discounting a significant amount of the risk related to additional penalties, including litigation charges and franchise costs (we have attempted to factor the latter—slower earnings growth in 2017/2018, into our estimates).
- Barrons.com•3 days ago
Raymond James analyst David Long and team became the latest analysts to offer their take on Wells Fargo (WFC) following revelations about fraudulent account openings--and he's siding with those who think the pain could linger for some time. Admittedly, it is challenging to predict the absolute impact of the recent developments on financial results.
- optionMONSTER•3 days ago
A large position is counting on the uptrend to continue in the SPDR Bank Fund. optionMONSTER's tracking program detected the purchase of 10,000 October 33 calls in one print for $1 yesterday. This is clearly ...