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* Bernstein cuts Citigroup Inc price target to $8 from $9; rating market
perform
* Bernstein cuts JPMorgan Chase & Co price target to $40 from $49;
rating outperform
* Bernstein cuts Wells Fargo & Co price target to $31 from $36; rating
market perform
* Bernstein cuts U.S Bancorp. price target to $30 from $41; rating
outperform
* Bernstein cuts PNC Financial Services Group Inc price target to $76
from $99; rating outperform
* Bernstein cuts BB&T Corp price target to $35 from $42; rating market
perform
* Bernstein cuts Comerica Inc price target to $35 from $46; rating
outperform
* Bernstein cuts Capital One Financial Corp price target to $52 from
$68; rating outperform
* Bernstein cuts Fifth Third Bancorp price target to $15 from $26;
rating outperform
* Bernstein cuts KeyCorp price target to $12 from $16; rating market
perform
* Bernstein cuts Marshall & Ilsley Corp price target to $18 from $21;
rating market perform
* Bernstein cuts M&T Bank Corp price target to $71 from $99; rating
market perform
* Bernstein cuts Regions Financial Corp price target to $15 from $22;
rating outperform
* Bernstein cuts Synovus Financial Corp price target to $9 from $11;
rating market perform
* Bernstein cuts SunTrust Banks Inc price target to $42 from $54;
rating market perform
* Bernstein widens Citigroup Inc 2008 loss per share view to $3.01 from
prior loss per share view of $2.80
* Bernstein widens Citigroup Inc 2009 loss per share view to $0.75 from
prior loss per share view of $0.21
* Bernstein cuts JPMorgan Chase & Co 2008 earnings per share view to
$1.13 from $1.42; 2009 earnings per share view to $1.80 from $2.11
* Bernstein's Kevin St. Pierre raises 2008-2010 total industry loss estimate to
$420 billion from $380 billion
* Bernstein's Kevin St. Pierre says U.S Bancorp, M&T Bank Corp
may defend Capital ratios, tangible book value with dividend cuts
(Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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