Stephens & Co. analyst Andrew Terrell upgrades Preferred Bank (NASDAQ:PFBC) from Equal-Weight to Overweight and raises the price target from $74 to $79.
Wells Fargo boosted Bank of America Corporation (NYSE: BAC) price target from $55 to $60. Bank of America shares rose 0.4% to $47.76 in pre-market trading.
Companies Reporting Before The Bell
• Canadian Pacific Railway (NYSE:CP) is expected to report quarterly earnings at $0.95 per share on revenue of $2.02 billion.
Shares of Preferred Bank (NASDAQ:PFBC) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 39.81% over the past year to $1.44, which missed the estimate of $1.45.
Preferred Bank (NASDAQ:PFBC) reported quarterly earnings of $1.44 per share which missed the analyst consensus estimate of $1.45 by 0.69 percent. This is a 39.81 percent increase over earnings of $1.03 per share from the
Companies Reporting Before The Bell
• Signature Bank (NASDAQ:SBNY) is likely to report quarterly earnings at $3.14 per share on revenue of $466.52 million.