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.
KKR & Co. Inc.
KKR & Co. Inc. has been one of the best names with respect to share price in the financials space. However, investors believe that the stock is fully valued. Their rating of KKR’s Price Appreciation Potential declined in 2Q. Investor confidence in the long term growth potential of KKR’s peer group has been catching up over the last two quarters.
Wells Fargo & Co.
Despite the initial drop in share price after Wells Fargo & Co.’s recent earnings, the stock’s price has rallied back. Investors in the 2Q panel rate Wells Fargo & Co, as a top name among the US Banks with respect to Price Appreciation Potential in the BWI index. Downward pressure on investor ratings of Wells Fargo’s strategy stabilized in 2Q. Ownership conviction levels improved for the year ahead to levels nearly in-line with the peer group.
EQB Inc.
EQB Inc. has been a topical name amongst Institutional investors. In particular, investors ratings of EQB’s Corporate Strategy for the year ahead have significantly improved over the last 2 quarters. Ownership conviction for the year ahead has been stronger in the first half of 2024 compared to the later half of 2023 due to consistently generating higher Return on equity than the big six Canadian banks.
Block Inc.
Investor confidence in Block Inc.’s: Strategy, Transparency, Long Term Growth, Balance Sheet and the Momentum of Investor Confidence decreased over 2Q. According to non-buyers there are increasing concerns around the growth and transparency and disclosure. Despite these risks, owners remain confident that Price Appreciation Potential remains.
Largest Increase and Decrease in Shareholder Confidence Index Score – FIG Sector (YE 2Q 2024 vs. YE 1Q 2024)
Asset Managers
Ares Management LP: 4.1%
IGM Financial Inc.: -1.4%
Banks
Zions Bancorporation.: 3.2%
Huntington Bancshares Inc: -2.7%
Financial Services
Onex Corp.: 4.2%
Element Fleet Management:-1.9%
Financial Technology
Bread Financial Holdings: 2.3%
Automatic Data Processing: -1.5%
Insurance – Life
Hannover RE: 3.7%
Globe Life: -3.6%
Insurance – P&C
Willis Towers Watson PLC: 3.1%
Aon PLC: -5.5%
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 for Financials
Brendan Wood International
+1 416 924 8110
mlapointe@brendanwood.com
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