A Fed rate hike is expected at the end of its widely watched meeting Wednesday. It would be the Fed's second rate hike since December and a sign that the central bank's leaders are moving interest rates up at a faster pace this year.
"It's really time to move," says Dan North, chief economist at Euler Hermes, an insurance firm.
Here's 4 things to know before the Fed's announcement Wednesday at 2 p.m. ET.
1. A rate hike reflects a healthier economy
America is still adding jobs at a healthy clip, unemployment is low and wage growth continues to gain momentum. Those positive trends clear the way for the Fed to raise rates further.
The Fed put interest rates at 0% in 2008 to help the collapsed housing market recover during the Great Recession.
But America is no longer in crisis mode, and it can weather higher interest rates. The Fed raised rates once in 2015 and 2016, but this year its leaders project they'll increase rates three times.
Top 5 Bank Stocks To Watch For 2019: HSBC Holdings PLC (HSBA)
Advisors' Opinion:- [By Joseph Griffin]
HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.
- [By Ethan Ryder]
HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’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]
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]
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.
Top 5 Bank Stocks To Watch For 2019: First Commonwealth Financial Corporation(FCF)
Advisors' Opinion:- [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 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
- [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]
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
Top 5 Bank Stocks To Watch For 2019: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Max Byerly]
Wall Financial Co. (TSE:WFC) Director Peter Ufford sold 900 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of C$28.00, for a total transaction of C$25,200.00.
- [By Matthew Frankel, CFP]
Two bank stocks that look attractive right now are Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). The former trades for a significant valuation discount relative to peers, while Wells Fargo has been beaten down in recent history thanks to its numerous high-profile scandals and resulting penalties. Here's a quick rundown of where the two banks stand, and which could be the better choice for your portfolio now.
- [By ]
So where do you find them? Well, preferred stocks trade just like common shares on one of the major stock exchanges. They are a popular fundraising tool for companies that need capital to grow and expand, but don't want to borrow or issue more common stock. Well-known businesses like Ford Motor (NYSE: F), General Electric (NYSE: GE), Wells Fargo (NYSE: WFC) and T-Mobile (Nasdaq: TMUS) have all issued preferred stock.
- [By ]
JPMorgan Chase & Co. (JPM) , Citigroup Inc. (C) and Wells Fargo & Co. (WFC) each reported strong earnings beats Friday, April 13, kicking off what analysts expect to be a solid quarter for the sector.
Top 5 Bank Stocks To Watch For 2019: Canadian Imperial Bank of Commerce(CM)
Advisors' Opinion:- [By Ethan Ryder]
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) saw unusually large options trading activity on Monday. Traders acquired 2,517 call options on the stock. This is an increase of approximately 3,772% compared to the typical volume of 65 call options.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Sigma Planning Corp boosted its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 7,383 shares of the bank’s stock after acquiring an additional 826 shares during the period. Sigma Planning Corp’s holdings in Canadian Imperial Bank of Commerce were worth $642,000 at the end of the most recent reporting period.
- [By Motley Fool Transcribers]
Canadian Imperial Bank of Commerce (NYSE:CM)Q3 2018 Earnings Conference CallAug. 23, 2018, 8:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Motley Fool Transcribing]
Canadian Imperial Bank of Commerce (NYSE:CM) Q1 2019 Earnings Conference CallFeb. 28, 2019 8:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Top 5 Bank Stocks To Watch For 2019: Ampco-Pittsburgh Corporation(AP)
Advisors' Opinion:- [By ]
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.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Ampco-Pittsburgh (AP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By ]
Wellington, New Zealand (AP) -- New Zealand plans to slaughter about 150,000 cows as it tries to eradicate a strain of disease-causing bacteria from the national herd.
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