Take a look at some of Wednesday morning’s early movers:
Citigroup, MetLife, Ally Financial, and SunTrust- The three all failed some aspect of the Federal Reserve stress tests, although Citi points out that the Fed only objected to its plans to increase capital returns to shareholders and that without that, it would have passed. JPMorgan Chase has also downgraded Citi shares to “neutral” from “overweight.”
JPMorgan Chase - The stock could see an additional boost today, having announced a dividend hike and stock buyback before the close of regular trading Tuesday and seeing its stock jump. In addition to JPMorgan, other banks announcing dividend hikes following the stress test results included Wells Fargo, U.S. Bancorp, BB&T, and KeyCorp.
Apple - The stock has been added to the “Best Ideas List” at Morgan Stanley, with a price target of $960. Morgan Stanley says Apple has more earnings upside than many investors realize.
Francesca’s Holdings - The women’s specialty retailer reported fourth-quarter profit of 20 cents per share, three cents above estimates, and also guided the current quarter above consensus. The company went public in July at $17 per share.Guidewire Software
- The company missed estimates with its earnings, but sales were above consensus. The stock went public in January at $13 per share.Page 1 of 3 | Next Page