TopGun^® Press

Brendan Wood International Investor Conviction Intel – Banks & Financial Services

September 27th, 2023 by TopGun Press

Below are some of the most topical Banks & Financial Services Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. Below is a link to the Investor Conviction Intel on Truist.

Fairfax Financial Holdings Limited: Investors have been impressed with Fairfax’s management of their investment portfolio. Their Commitment to Own the name for the year ahead has noticeably increased and so has their confidence in the Corporate Strategy, Balance Sheet, CEO, Senior Management and Growth Potential, Short and Long Term, off of relatively low levels. The strategic direction management presented has been popular with investors.

Paypal Holdings Inc: All eyes are looking at Alex Chriss’ debut as the company’s new CEO. In a competitive space, their user experience and lack of success via M&A causes concern among investors in regards to Paypal’s positioning in the space moving forward.

Progressive Corp: Progressive continues to remain one of the most topical names in the Financials sector. While investors still view Progressive as one of the premier names in the Insurance sector, investors do see some challenges for the company over the next 12 months due to the macro issues with the auto market. However, given strong investor confidence in Progressive’s Management, Strategy, Balance Sheet and Commitment to Own the name over the next year only declined marginally.

Truist Financial Corp: Investors are less than impressed by how the BB&T and SunTrust merger has unfolded. Perceived poor integration and a lack of synergy creation is a pain point with investors and therefore investor confidence in the Strategy, CEO and CFO has decreased from previous quarters. With that said, some investors consider it “pretty beaten up” and think it may be due for a “mean reversion” given how cheap the stock is. (CLICK HERE FOR THE INVESTOR CONVICTION INTEL ON TRUIST)

Largest Changes in Investor Confidence in Strategy (Quarter over Quarter) (3Q2023 at Sept 25 vs. 2Q2023):

Fairfax Financial Holdings Limited +32%
Hannover Re +32%
Munich Re +21%
Arthur J Gallagher & Co +20%
Onex Corp +18%

Zions Bancorporation -21%
Unum Group -20%
US Bancorp -14%
M&T Bank -14%
Truist Financial Corp. -13%

Brendan Wood Investor Conviction Intel in Other Sectors

Click here for the Investor Conviction Intel for Oil & Gas Sept 2023

Click here for the Investor Conviction Intel for REIT/ Real Estate Sept 2023

Click here for the Investor Conviction Intel for Consumer Sept 2023

Click here for the Investor Conviction Intel for Healthcare Sept 2023

Brendan Wood International (BWI) serves a dual clientele of world leading investors and their corporate investment targets as well as broker dealers who provide research, sales and trading services to the investment community. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. Investors depend on BWI to quantify the demand side of the investment industry across 1400 names worldwide, including the name by name research sales and trading professionals who influence investor demand.

About Brendan Wood International:

Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000 investors in the investor panel collectively managing + $50 trillion invested in the 1400 companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.

Disclaimer:

We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.