News Formal

Stock picks to buy: Financials, bank picks from most accurate analyst - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The most accurate Wall Street analyst covering financials pinpoints 5 stocks to buy ahead of a 'messy' earnings season

Some of the major issues challenging the sector include, but are not limited to: a amid the coronavirus pandemic; uncertainty around banks' credit losses because of projected loan defaults and the reserves set aside to cover those losses; and low US interest rates.

Here are the five stocks he noted in a recent report to clients, which he deemed his picks heading ahead of earnings.Truist Financial, the bank created out of the merger between BB&T and SunTrust that closed last December, is one of Usdin's top large-cap stock picks ahead of earnings season. He also expects Citi, which is scheduled to report second-quarter earnings on July 14, to continue growing its market share in investment banking and trading.

Usdin expects KeyCorp, which operates KeyBank, to show solid loan growth, and expects "flattish" costs as recent cost-saving measures offset expenses around digital efforts. That appears "to be in the rearview," Usdin wrote, and the firm overall is showing better growth prospects and stronger credit quality.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside the downfall of Civilized, the cannabis media startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

30 stock picks to buy now to profit from improving economy: Jefferies - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Stock market news: Stocks ignore record COVID cases, focus on earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Further proof why we are in the mess we are in and the stock and housing market are insanely overvalued. there's no second wave, the surge of cases r the result to a more testing applied than before. The world economic system will not gonna come crashing down right now. Covid_19 COVIDUpdates
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »