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Analyst Reports For Bank Of America, Home Depot & Procter & Gamble

Published 10/17/2016, 11:54 PM
Updated 07/09/2023, 06:31 AM

Tuesday, October 18, 2016

Today's Research Daily features new research reports on 16 major stocks, including Bank of America (NYSE:BAC), Procter & Gamble (PG) and Home Depot (NYSE:HD).

Bank of America have lagged the broader market as well as the Finance sector in the year-to-date period, given the combination of the banking giant's reputation for operational challenges and the overall tough operating for banks environment. But part of these headwinds appear to have started lifting as reflected in the company's strong quarterly results, which followed similar momentum from a number of its peers as well. Bank of America’s third-quarter earnings handily surpassed the Zacks Consensus Estimate, driven by impressive growth in fixed income trading revenues and investment banking fees, along with higher mortgage banking income. Efficient expense management also supported the bottom line. The analyst likes this buy-rated company’s efforts to improve loan and deposit balances, restructure its balance sheet and steadily deploy capital. (You can read the full research report on Bank of America here>>)

You can check out our analysis of the Q3 earnings season, with a focus on bank earnings, in this week's Earnings Preview report - Reassuring Start to the Q3 Earnings Season >>

Procter & Gamble shares have gained more than 10% year-to-date on the back of the company's strong brand recognition, diversified portfolio, impressive product development capabilities and marketing prowess and strong cash flows. The company is investing in its brands and products and redesigning its supply chain to improve productivity and organic growth. Though the portfolio restructuring plan is hurting near-term sales and profits, it will ultimately increase profitability. (You can read the full research report on Procter & Gamble here>>)

Home Depot shares have not been doing too well recently. But the analyst likes the company’s focus on customer experience and its solid execution. Home Depot is also gaining from the housing market recovery and these factors helped it post its highest quarterly sales and earnings, in the last reported quarter, following which it raised its fiscal 2016 earnings view. However, intense competition from specialty stores and mass retailers as well as the impact of soft economic recovery on discretionary spending may prove to be deterrents. (You can read the full research report on Home Depot here>>)

Other noteworthy reports we are featuring today include Microsoft (NASDAQ:MSFT), Wal-Mart (NYSE:WMT), and PNC Financial (NYSE:PNC).

You can find all of today's stock research reports here>>

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Featured Reports

Lindsay's (LNN) Q4 Earnings Beat on Improved Revenues

Lindsay beat fourth-quarter fiscal 2016 earnings driven by higher irrigation and infrastructure revenues. Lower commodity prices and farm income will affect irrigational revenue growth in fiscal 2017.

Microsoft (MSFT) Gains from Expanding Product Portfolio

According to the Zacks analyst, Microsoft's business reorganization and "cloud-first mobile-first" focus are encouraging along with enterprise strength and strong new products

Apple (NASDAQ:AAPL) Optimistic on China Rebound, Growth in India

The covering analyst thinks Apple's focus on Chinese and the underpenetrated Indian markets should benefit long term growth. But, stiff competition from regional players is a major concern.

Demand for Tower Leasing to Benefit American Towers (AMT)

The Zacks analyst believes that increased usage of smartphones and tablets are creating impressive demand for tower leasing that will help American Towers.

Chevron (NYSE:CVX) to Benefit from OPEC-Driven Oil Rally

Being one of the most oil-weighted majors, the covering analyst thinks Chevron is likely to outperform its peers following the recent OPEC deal and the subsequent advancement of crude.

Cisco (CSCO) Well Set to Grow on Partnerships, Acquisitions

The Zacks analyst believes Cisco's partnerships with the likes of salesforce.com and Pure Storage and recent acquisition of CloudLock will drive its overall growth.

Time Warner's (TWX) Efforts Bode Well

The covering analyst thinks Time Warner's investments in video content and technology augur well.

New Upgrades

Synopsys (SNPS) to Benefit from New Products & Acquisitions

The Zacks analyst is positive about Synopsys' recent product launches, acquisitions and deal wins which are likely to drive its forthcoming results.

CSX Corp. (NASDAQ:CSX) Upgraded on Q3 Earnings and Revenues Beat

According to the covering analyst, CSX Corp impressed with earnings and revenues beating estimates in the third quarter. Despite decline in volumes, its shareholder returns policy remains commendable.

PNC Financial's (PNC) Q3 Earnings Shows Revenue Strength

The Zacks analyst remains optimistic about PNC Financial as it recorded growth in both net interest income and fee income in Q3. Higher expense should not be a worry, given its cost saving moves.

New Downgrades

Delta Air Lines (NYSE:DAL) Downgraded on Q3 Sales Miss, Y/Y Fall

Despite the Q3 earnings beat, the Zacks analyst is concerned about the company's struggles on the revenue front. The 2017 capacity growth view, however, is encouraging.

Wal-Mart (WMT) Faces Expense Burden Despite Positive Comps

Though Wal-Mart has been delivering positive results of late, per the covering analyst, the company is facing huge expense burden driven by investments in wages and e-commerce activities.

Rising Cost a Worry for Twenty-First Century Fox (FOXA)

According to the Zacks analyst, increase in expenses at the Twenty-First Century Fox's Cable Network Programming may dent the company's margins and in turn the bottom line in the coming quarters.



WAL-MART STORES (WMT): Free Stock Analysis Report

PNC FINL SVC CP (PNC): Free Stock Analysis Report

PROCTER & GAMBL (PG): Free Stock Analysis Report

MICROSOFT CORP (MSFT): Free Stock Analysis Report

HOME DEPOT (HD): Free Stock Analysis Report

BANK OF AMER CP (BAC): Free Stock Analysis Report

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