Hot Bank Stocks To Own Right Now

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Banks in the European Union won a battle to soften new rules on how failing firms are restructured, as the bloc’s parliament staked out its position on a sweeping overhaul of rules for the financial industry.

A parliament committee on Tuesday gave the green light to an update of the law known as the Bank Recovery and Resolution Directive. The lawmakers backed a cap on the loss-absorbing liabilities banks must have to fund their own restructuring without relying on taxpayers’ cash.

Hot Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

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  This Jan. 28, 2018, file photo shows music streaming apps clockwise from top left, Apple, Spotify, Amazon, Pandora and Google on an iPhone in New York. (Photo: AP)

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  Anchorage, Alaska (AP) -- A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

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  Vatican City (AP) -- Pope Francis has recognized as martyrs 19 people who were slain in Algeria in the 1990s, including a bishop killed by a car bomb and beheaded monks.

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  Honolulu (AP) -- Scientists in Hawaii have captured rare images of blue flames burning from cracks in the pavement as Kilauea volcano gushes fountains of lava in the background, offering a look at a new dimension in the volcano's weeks-long eruption.

Hot Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Max Byerly]

  HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

• [By Max Byerly]

  HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

• [By Stephan Byrd]

  Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

• [By Max Byerly]

  Credit Suisse Group set a GBX 720 ($9.32) price target on HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

Hot Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Jordan Wathen]

  Wells Fargo (NYSE:WFC) is often described as America's largest community bank, but I don't think most people really understand the accuracy of that descriptor. If you examine it on a branch-by-branch basis, it really is a community bank, size and all.

• [By Stephan Byrd]

  American International Group Inc. reduced its position in Wells Fargo & Co (NYSE:WFC) by 3.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,414,614 shares of the financial services provider’s stock after selling 49,120 shares during the quarter. American International Group Inc.’s holdings in Wells Fargo & Co were worth $74,140,000 as of its most recent SEC filing.

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  The only bank Cramer would avoid is Wells Fargo (WFC) , which could still see more big fines coming from its fraudulent account scandals.

  Executive Decision: Taylor Morrison Homes

  In his second "Executive Decision" segment, Cramer sat down with Sheryl Palmer, chairman, president and CEO of Taylor Morrison Homes (TMHC) , for a read on the state of the housing market.

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  2. Low Debt Levels
  By looking through his previous success stories like Coca-Cola (NYSE: KO), American Express (NYSE: AXP), and Wells Fargo (NYSE: WFC), it is clear that Buffett carefully examines a company's balance sheet, and prefers to invest in those with relatively modest debt burdens.

Hot Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Barclays PLC increased its holdings in First Commonwealth Financial (NYSE:FCF) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the bank’s stock after buying an additional 6,593 shares during the period. Barclays PLC’s holdings in First Commonwealth Financial were worth $476,000 as of its most recent SEC filing.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com