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The Zacks Analyst Blog Highlights: Bank of America, PayPal, Cisco Systems, Deere and United Airlines
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For Immediate Release
Chicago, IL – November 22, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America Corporation (BAC - Free Report) , PayPal Holdings, Inc. (PYPL - Free Report) , Cisco Systems, Inc. (CSCO - Free Report) , Deere & Company (DE - Free Report) and United Airlines Holdings, Inc. (UAL - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Research Reports for Bank of America, PayPal & Cisco Systems
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Bank of America, PayPal and Cisco Systems. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Bank of America have outperformed the Zacks Banks - Major Regional industry over the past year (+72.8% vs. +54.0%). The Zacks analyst believes the company’s third-quarter 2021 results reflect solid revenue growth, a rise in loan demand, and improving capital markets performance.
Opening of new branches, enhancing digital capabilities and initiatives to manage expenses along with a strong balance sheet and liquidity position will continue supporting its financials. The company will keep enhancing shareholder value through impressive capital deployment activities.
However, lower interest rates and the Federal Reserve’s decision to not change the same in near term are expected to keep hurting the company’s margins and interest income. Normalization of the trading business is likely to hurt fee income growth to some extent.
Shares of PayPal have outperformed the Zacks Internet - Software industry over the past year (+4.0% vs. -2.9%). PayPal reported third quarter results wherein both earnings and revenues grew year over year. The Zacks analyst believes that strong growth in total payments volume owing to increasing net new active accounts drove the top line.
Strengthening customer engagement was positive. Also, solid performance by Venmo and merchant services contributed well to the TPV growth. Additionally, the boom in digital payment owing to the coronavirus pandemic, remains a tailwind. Also, solid momentum across peer to peer and PayPal Checkout experiences is a tailwind.
However, intensifying competition in the digital payment market poses a serious risk to the company’s market position. Also, foreign exchange headwinds remain concerns.
Shares of Cisco Systems have outperformed the Zacks Computer - Networking industry in the year to date period (+19.8% vs. +18.4%). The Zacks analyst believes that Cisco’s performance is benefitting from strength in its switching solutions, especially Catalyst 9000 switches. Ongoing momentum in Webex on account of COVID-19 induced work-from-home demand environment remains noteworthy. Robust adoption of the company’s subscription-based offerings acted as a tailwind.
However, management cautioned that the ongoing component shortages and resultant supply chain issues will continue in the first half of fiscal 2022 and might carry on in the remaining half. Weak demand for servers is an added concern.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Bank of America, PayPal, Cisco Systems, Deere and United Airlines
For Immediate Release
Chicago, IL – November 22, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America Corporation (BAC - Free Report) , PayPal Holdings, Inc. (PYPL - Free Report) , Cisco Systems, Inc. (CSCO - Free Report) , Deere & Company (DE - Free Report) and United Airlines Holdings, Inc. (UAL - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Research Reports for Bank of America, PayPal & Cisco Systems
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Bank of America, PayPal and Cisco Systems. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Bank of America have outperformed the Zacks Banks - Major Regional industry over the past year (+72.8% vs. +54.0%). The Zacks analyst believes the company’s third-quarter 2021 results reflect solid revenue growth, a rise in loan demand, and improving capital markets performance.
Opening of new branches, enhancing digital capabilities and initiatives to manage expenses along with a strong balance sheet and liquidity position will continue supporting its financials. The company will keep enhancing shareholder value through impressive capital deployment activities.
However, lower interest rates and the Federal Reserve’s decision to not change the same in near term are expected to keep hurting the company’s margins and interest income. Normalization of the trading business is likely to hurt fee income growth to some extent.
(You can read the full research report on Bank of America here >>>)
Shares of PayPal have outperformed the Zacks Internet - Software industry over the past year (+4.0% vs. -2.9%). PayPal reported third quarter results wherein both earnings and revenues grew year over year. The Zacks analyst believes that strong growth in total payments volume owing to increasing net new active accounts drove the top line.
Strengthening customer engagement was positive. Also, solid performance by Venmo and merchant services contributed well to the TPV growth. Additionally, the boom in digital payment owing to the coronavirus pandemic, remains a tailwind. Also, solid momentum across peer to peer and PayPal Checkout experiences is a tailwind.
However, intensifying competition in the digital payment market poses a serious risk to the company’s market position. Also, foreign exchange headwinds remain concerns.
(You can read the full research report on PayPal here >>>)
Shares of Cisco Systems have outperformed the Zacks Computer - Networking industry in the year to date period (+19.8% vs. +18.4%). The Zacks analyst believes that Cisco’s performance is benefitting from strength in its switching solutions, especially Catalyst 9000 switches. Ongoing momentum in Webex on account of COVID-19 induced work-from-home demand environment remains noteworthy. Robust adoption of the company’s subscription-based offerings acted as a tailwind.
However, management cautioned that the ongoing component shortages and resultant supply chain issues will continue in the first half of fiscal 2022 and might carry on in the remaining half. Weak demand for servers is an added concern.
(You can read the full research report on Cisco Systems here >>>)
Other noteworthy reports we are featuring today include Deere and United Airlines.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.