Below are some of the most topical Financial Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. If you would like more detailed shareholder conviction intelligence on Global Financial companies, please contact Gordon Peck or Matthew Lapointe.
Visa Inc
Institutional investors have ranked Visa as the sector leader in Commitment to Own the stock for the year ahead. Visa continues to rank highly in most BWI Investment Quality metrics; however, investors are waiting to see how new CEO Ryan McInerney performs and if he will deliver the same growth investors have become accustomed to from Visa. Investors who are more confident in owning the stock, point to their strategy as the primary reason for holding it.
Goldman Sachs
Goldman Sachs has continued to be a topical name for institutional investors. They continue to score low on confidence in the CEO, which has been attributed to the lack of success with their consumer banking business. However, investors have high levels of confidence in their Senior Management and Board of Directors. The increase in confidence in the bench and board has propelled Goldman’s shareholder confidence Momentum higher than both their sector and peer group averages in 1Q 2024.
Prudential PLC
Prudential’s large Asia exposure was an area of concern during Covid for investors, however now that Asia has opened up, investors are more confident that Asia can be a catalyst for growth for the rest of 2024 and beyond. After lagging behind their peer group and sector average, Prudential PLC is now above both in terms of institutional investors’ confidence in EPS growth in the next 12 months, as well have seen growth in their Strategy, CEO, Transparency, Long Term Growth, Momentum and Price Appreciation Potential. Institutional investors are more bullish on the growth prospects of China and the rest of Asia compared to Europe.
Progressive Corp
Progressive stock has performed very well year to date. However, can this run continue? Institutional investors in the BWI Panel have the highest level of confidence in Progressive’s Price Appreciation Potential within the sector, despite the strong run they’ve already had. Progressive not only ranks as the sector leader for Price Appreciation Potential but also leads the sector in Strategy, CEO, Senior Management, CFO, Balance Sheet and Short-Term Growth.
Largest Shareholder Confidence Index Momentum Score Changes (YE 1Q2024 vs. YE 4Q2023):
Power Corporation of Canada +7%
Citizens Financial Group Inc +5%
American Express Company +5%
Onex Corp +4%
Goldman Sachs +3%
Brookfield Asset Management -10%
Moody’s Corp -6%
Lincoln National -5%
Bank of New York Mellon -4%
Arch Capital Group Ltd -4%
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+ live consultations with professionals overseeing +/- $55 trillion invested in the +/- 1400 big cap 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.
Contacts:
Gordon Peck
Managing Director
Brendan Wood International
+1 416 924 8110
gpeck@brendanwood.com
Matthew Lapointe
Field Director
Brendan Wood International
+1 416 924 8110
mlapointe@brendanwood.com
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