Greene County Bancorp Inc (NASDAQ:GCBC) files its latest 10-K with SEC for the fiscal year ended on June 30, 2018. Greene County Bancorp Inc is a federally chartered holding company of The Bank of Greene County. It is engaged in the business of attracting deposits from customers within its market area and investing those funds in loans. Greene County Bancorp Inc has a market cap of $291.990 million; its shares were traded at around $34.20 with a P/E ratio of 20.24 and P/S ratio of 7.19. The dividend yield of Greene County Bancorp Inc stocks is 1.15%.
For the last quarter Greene County Bancorp Inc reported a revenue of $11.4 million, compared with the revenue of $9.62 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $42.4 million, an increase of 15.2% from last year. For the last five years Greene County Bancorp Inc had an average revenue growth rate of 10.4% a year.
The reported diluted earnings per share was $1.69 for the year, an increase of 29% from previous year. Over the last five years Greene County Bancorp Inc had an EPS growth rate of 18.2% a year. The profitability rank of the company is 4 (out of 10).
Hot Bank Stocks To Invest In 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 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.
Hot Bank Stocks To Invest In Right Now: Canadian Imperial Bank of Commerce(CM)
Advisors' Opinion:- [By Stephan Byrd]
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.
- [By Lisa Levin] Companies Reporting Before The Bell Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion. Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion. Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion. Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million. Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion. Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million. Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million. iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.
- [By Logan Wallace]
A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:
6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.
- [By Garrett Baldwin]
We're about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.
The Top Stock Market Stories for Tuesday The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation's ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation's parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers' data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms. Three Stocks to Watch Today: CRM, SBUX, MOMO com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks' Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were
Hot Bank Stocks To Invest In Right Now: Ampco-Pittsburgh Corporation(AP)
Advisors' Opinion:- [By ]
This undated photo provided by General Motors shows the 2019 Silverado, which features a large cargo bed in the full-size truck class. (Courtesy of General Motors via AP) (Photo: AP)
- [By ]
Panama City, Fla. (AP) -- A man suspected of trading wild bursts of gunfire with officers during a long standoff in the Florida Panhandle was found dead Tuesday in a gasoline-soaked apartment after an armored vehicle approached, authorities said.
- [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 ]
Mexico City (AP) -- A powerful magnitude-7.2 earthquake shook south and central Mexico Friday, causing people to flee swaying buildings and office towers in the country's capital, where residents were still jittery after a deadly quake five months ago.
Hot Bank Stocks To Invest In Right Now: 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 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
- [By Ethan Ryder]
First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.
- [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
Hot Bank Stocks To Invest In Right Now: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Shah Gilani]
The dirt at Wells Fargo & Co. (NYSE: WFC) knows no depths. Last week, yet another example of systemic fraud was unearthed.
From 2017 through early 2018, employees at the Systemically Important Financial Institution (SIFI) fraudulently altered social security numbers, addresses, and dates of birth on thousands of corporate customer documents.
- [By Matthew Frankel, CFP®]
He sold about $260 million worth of Wells Fargo (NYSE:WFC). Don't make the mistake of reading into that too much. Buffett did not sell Wells Fargo because he has any issue with a business. This is another issue where he wants to maintain a stake under 10% to be regulatory compliant. Berkshire owns about 9.3% of Wells Fargo right now. Buffett also owns some shares in his personal portfolio. To remain under the 10% threshold as Wells Fargo buys back some of its own stock, Buffett needs to sell some of Berkshire's shares to keep his stake proportionally low. This is a very small amount. Even though it says it's $260 million, it's less than 1% of Berkshire's Wells Fargo holdings.
- [By Eric Volkman]
Other large Berkshire holdings have also been market laggards. Big bank Wells Fargo (NYSE: WFC) just can't keep itself out of trouble, with a new scandal erupting seemingly every other month. Buffett's belief in Wells Fargo, a longtime and major Berkshire position, is admirable. But it's not doing his company many favors. A more recent big-ticket buy, Kraft Heinz, also isn't lighting the investment world on fire.
- [By Ethan Ryder]
Shares of Wells Fargo (NYSE:WFC) have received a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.86.
- [By Paul Ausick]
The Consumer Financial Protection Bureau (CFPB) announced Friday morning that it had settled federal claims against Wells Fargo & Co. (NYSE: WFC) related to risk management and improper charges to consumers for $1 billion. A $500 million payment the bank already has made to the Office of the Comptroller of the Currency (OCC) is being applied to the $1 billion penalty.
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