As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. KeyCorp, the Cleveland-based retail bank, had its long-term ratings lowered by S&P from “BBB+” to “BBB.” © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Oracle shares could see more pain ahead — even after the stock posted its worst day in more than two decades on the back of earnings, according to JPMorgan. “We view this as one of several sales catalysts that should regenerate the company’s prior momentum.” Analyst Nathan Race upgraded the stock to overweight from neutral and said in a note to clients on Wednesday that UMB Financial should outperform its peers in terms of net interest income in the coming years. The analyst called the adoption of Wi-Fi 6E “moderately positive” for both Broadcom and Skyworks, while two new 5G should benefit these names, along with Qorvo.

S&P Joins Moody’s in Downgrading US Banks

To see all exchange delays and terms of use please see Barchart’s disclaimer. UMB Financial’s stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.92%), UMB Bank n.a. (11.71%), State Street Corp (9.60%), Goldman Sachs Group Inc. (5.35%), Allspring Global Investments Holdings LLC (3.74%) and Victory Capital Management Inc. (3.30%).

A hold rating indicates that analysts believe investors should maintain any existing positions they have in UMBF, but not buy additional shares or sell existing shares. Citigroup initiated coverage on Sociedad Quimica Y Minera De Chile SA SQM with a Buy rating. For the second quarter, Sociedad Quimica Y Minera had an EPS of $2.03, compared to year-ago quarter EPS of $3.01. The stock has a 52-week-high of $114.63 and a 52-week-low of $58.05. At the end of the last trading period, Sociedad Quimica Y Minera closed at $58.15.

For Business

For the second quarter, Kraft Heinz had an EPS of $0.79, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $42.80 and a 52-week-low of $32.42. Kraft Heinz closed at $33.56 at the end of the last trading period. With an Underperform rating, TD Cowen initiated coverage on B&G Foods Inc BGS. For the second quarter, B&G Foods had an EPS of $0.15, compared to year-ago quarter EPS of $0.07.

• Sight Sciences closed at $3.28 at the end of the last trading period.
• However, he added that the event could be yet another catalyst that could spark increased volatility and weakness in stocks, “given the underlying vulnerabilities we see in the broader economy.”
• Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
• Vital Farms closed at $11.12 at the end of the last trading period.

UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking, asset management, and health spending solutions. Its customer base includes commercial, institutional, and personal customers across the United States. The company’s banking subsidiaries own and operate banking and wealth-management centres mostly throughout the Midwest and Southwest regions of the U.S. The bank’s revenue is split nearly evenly between interest income and noninterest income.

Stock Money Flow

With an Outperform rating, TD Cowen initiated coverage on Utz Brands Inc UTZ. For the second quarter, Utz Brands had an EPS of $0.13, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $19.12 and a 52-week-low of $13.61.

Style is calculated by combining value and growth scores, which are first individually calculated. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Race expects UMBF’s continued strong fee income growth prospects to contribute to UMBF’s superior trajectory in overall revenue.

TD Cowen initiated coverage on Hostess Brands Inc TWNK with a Market Perform rating. For the second quarter, Hostess Brands had an EPS of $0.28, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. At the end of the last trading period, Hostess Brands closed at $33.51. With a Market Perform rating, TD Cowen initiated coverage on The Kraft Heinz Co KHC.

S&P Slashes Ratings Of 5 US Regional Banks Facing Growing Challenges

At the moment, the stock has a 52-week-high of $58.17 and a 52-week-low of $31.36. With a Market Perform rating, TD Cowen initiated coverage on General Mills Inc GIS. The price target seems to have been set at $70.00 for General Mills.

Data may be intentionally delayed pursuant to supplier requirements. With fewer, if any, additional Fed rate hikes expected going forward, the analyst believes UMBF can generate superior NII growth in 2H23 and 2024 with ongoing expansion in loan yields. The technique has proven to be very useful for finding positive surprises.

At the moment, the stock has a 52-week-high of $55.30 and a 52-week-low of $40.60. Treehouse Foods closed at $46.40 at the end of the last trading period. With a Market Perform rating, TD Cowen initiated coverage on Vital Farms Inc VITL. In the second consumer discretionary meaning quarter, Vital Farms showed an EPS of $0.15, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.18 and a 52-week-low of $10.00. Vital Farms closed at $11.12 at the end of the last trading period.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum.

Moreover, at the end of the last trading period, the closing price was at $68.60. The analyst adds that UMBF boasts an enviable mix of differentiated fee income businesses (35% of LTM revenue vs. peers at 19%) that https://1investing.in/ have generated above-average growth historically, including 19% YoY in 2Q23 (vs. peers at -4%). According to Goldman Sachs, the prior rating for Ultrapar Participacoes SA UGP was changed from Buy to Neutral.

With a Buy rating, Citigroup initiated coverage on Veeco Instruments Inc VECO. The price target seems to have been set at $35.00 for Veeco Instruments. Veeco Instruments earned $0.36 in the second quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Veeco Instruments shows a 52-week-high of $31.09 and a 52-week-low of $16.21. Moreover, at the end of the last trading period, the closing price was at $27.55. TD Cowen initiated coverage on Conagra Brands Inc CAG with a Market Perform rating.