FINWIRES — Financial News

Goldman Sachs Adjusts CBRE Group Price Target to $183 From $198, Maintains Buy Rating

CBRE Group (CBRE) has an average rating of Buy and mean price target of $179.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $149.46, Change: $+1.64, Percent Change: +1.11%

$CBRE

Citigroup Adjusts Price Target on EQT to $66 From $62, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $69.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $57.06, Change: $-1.34, Percent Change: -2.29%

$EQT

EMEA Natural Gas Update: Futures Down Over 8% After Trump, Iran Declare Strait of Hormuz Open

European natural gas futures were plunged more than 8% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz had reopened.The front-month Dutch TTF contract dropped 8.79% to 38.69 euros ($45.81) per megawatt-hour, while UK NBP futures dropped 8.45% to 97.20 British pence ($1.42) per therm.Both benchmarks were set for another weekly loss, with Dutch TTF down 10.78% and UK Gas 10.98% lower, week on week, according to Trading Economics.In a Truth Social post on Friday, Trump said that Iran had just announced that the strategically crucial Strait, which usually accounts for 20% of global LNG flows, was now open and "ready for full passage."Iran's Foreign Minister, Seyed Abbas Araghchi, confirmed this in a post on X, saying that the Strait was "completely open." However, he noted that this was only for the "remaining period of ceasefire," which is set to end on Tuesday, if not extended again.Traffic in the Strait remained sparse for the seventh week running, prior to the late-Friday opening, with just 8 vessels transiting through it over the past 24 hours, according to the Hormuz Strait Monitor.Fatih Birol, head of the International Energy Agency, has warned that even if the Strait fully reopens and indefinitely so, it would take at least two years for energy output in the Middle East to return to normal.In an interview with the Neue Zuercher Zeitung newspaper on Friday, Birol said that this will vary across different countries, "Iraq, for example, will take much longer than in Saudi Arabia," he said.This comes at a difficult juncture for European natural gas markets, with inventory levels at just 29.56% of total capacity, compared to 35.97% last year, according to Gas Infrastructure Europe.Fortunately, Europe is forecast to experience a warmer-than-average climate this summer, supported by a broader global warming trend and the emergence of a potential Super El Nino, which typically raises temperatures, according to Severe-Weather EU, resulting in lower heating gas demand.

Oil & Energy9d ago

EMEA Natural Gas Update: Futures Down Over 8% After Trump, Iran Declare Strait of Hormuz Open

US Markets9d ago

Fifth Third Bancorp Posts Surprise First-Quarter Profit; Regions Financial Revenue Misses Views

Fifth Third Bancorp (FITB) reported a surprise first-quarter profit on Friday, while Regions Financial's (RF) revenue fell short of market estimates.Fifth Third posted net income of $0.15 a share for the March quarter, down from $0.71 the year before, but defied the consensus on FactSet for a per-share loss of $0.10. The result included a negative impact of $0.68 a share on the bottom line related to the company's acquisition of regional lender Comerica."We closed the acquisition of Comerica on Feb. 1, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth," Chief Executive Tim Spence said in a statement. "We are also seeing early revenue synergies across both commercial and consumer businesses."Adjusted revenue rose to $2.86 billion from $2.16 billion in the prior-year quarter, just ahead of the Street's view for $2.85 billion. The stock was up 0.7% in the most recent premarket activity.On a fully taxable-equivalent basis, net interest income jumped 34% to $1.94 billion, buoyed by the addition of Comerica earning assets and lower funding costs, according to the lender. Noninterest income climbed 29% to $895 million.For 2026, the bank now anticipates net interest income to come in between $8.7 billion and $8.8 billion, according to an earnings presentation, reflecting a higher bottom end versus its previous outlook of $8.6 billion issued in January. For the ongoing quarter, it expects the metric to be at $2.2 billion to $2.25 billion.Separately, Regions Financial's adjusted EPS increased to $0.62 for the first quarter from $0.54 a year earlier, topping the average analyst estimate on FactSet of $0.60. Adjusted revenue improved 3.5% to $1.87 billion, but missed the Street's forecast of $1.91 billion. Regions' stock slipped 0.2% before the opening bell."Our results reflect the strength of our franchise, the continued momentum of our markets, and our consistent focus on solid execution amid an evolving macroeconomic backdrop," CEO John Turner said. "Growth in loans and deposits accelerated during the first quarter, credit metrics continued to improve, and client sentiment remained generally optimistic across our footprint."Net interest income came in at $1.26 billion on a taxable-equivalent basis, up from $1.21 billion in the 2025 quarter, but was down 2.6% from the previous three-month period. Noninterest income inclined 5.9% to $625 million.The lender continues to project net interest income to grow by 2.5% to 4% for the current full year, it said in an earnings presentation. The metric is expected to increase by about 2% sequentially in the second quarter.

$FITB$RF

Financial News · Live Terminal

Goldman Sachs Adjusts CBRE Group Price Target to $183 From $198, Maintains Buy Rating

Citigroup Adjusts Price Target on EQT to $66 From $62, Maintains Buy Rating

EMEA Natural Gas Update: Futures Down Over 8% After Trump, Iran Declare Strait of Hormuz Open

Goldman Sachs Adjusts CBRE Group Price Target to $183 From $198, Maintains Buy Rating

Citigroup Adjusts Price Target on EQT to $66 From $62, Maintains Buy Rating

EMEA Natural Gas Update: Futures Down Over 8% After Trump, Iran Declare Strait of Hormuz Open

Iran Opens Strait of Hormuz for all Commercial Vessels

EMEA Oil Update: Crude Plunges Over 10% as Iran Declares Strait of Hormuz Open

TD Cowen Adjusts Price Target on Charles Schwab to $108 From $128, Maintains Buy Rating

Goldman Sachs Adjusts Moderna Price Target to $43 From $41, Maintains Neutral Rating

Goldman Sachs Adjusts Gilead Sciences Price Target to $130 From $125, Maintains Neutral Rating

TSX Opens About 160 Pts Higher As Iran's Foreign Minister Says Passage of Vessels Via Hormuz Strait is Open

Sector Update: Energy Stocks Lower Pre-Bell Friday

Natural Gas Edges Up Despite Mild Long-Term Forecasts

Citigroup Adjusts Price Target on Diamondback Energy to $225 From $230, Maintains Buy Rating

Citigroup Adjusts Price Target on APA to $40 From $45, Maintains Neutral Rating

Gold Rises As the USD and Yields Drop and Oil Prices Plunge After Iran Reopens the Strait of Hormuz

Citigroup Adjusts Price Target on Occidental Petroleum to $62 From $67, Maintains Neutral Rating

Sector Update: Financial Stocks Higher Pre-Bell Friday

Matrix Renewables Begins Operations at Texas Solar PV Project

Scotiabank Up Near 0.5% In US Premarket As Comments On Expected Contribution From KeyCorp's Q1 Earnings

Iran's Araghchi Says Passage for all Commercial Vessels Through Strait of Hormuz Declared Completely Open for Remainder of Ceasefire

Fifth Third Bancorp Posts Surprise First-Quarter Profit; Regions Financial Revenue Misses Views