Stock of the Day - November 9, 2022

BOK Financial (BOKF)

$135.45

-$0.63 (-0.5%)

Market Cap: $8.24B

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri.

It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment engages in the provision of retail lending and deposit services to small business customers through retail branch network; and mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes; residential mortgage and personal loans; and automated teller machine, call center, and Internet and mobile banking services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

Today's Trend

BOK Financial Corporation (NASDAQ: BOKF) is getting a lift from a solid Q2 earnings report and upbeat forward guidance, which appear to be the main drivers behind the stock’s recent strength.

BOK Financial said Q2 results topped sales/revenue estimates, with higher net interest income, fee income, and loan growth helping offset some expense pressure. BOK Financial Q2 Earnings Beat Estimates as NII & Fee Income Rise Y/Y
Management highlighted strong loan growth and guided for full-year loan growth above 10%, along with net interest income of $1.42 billion to $1.45 billion, reinforcing a constructive outlook for 2026. BOK Financial outlines full-year 2026 loan growth over 10% while guiding $1.42B-$1.45B in net interest income
Royal Bank of Canada raised its price target on BOKF from $147 to $149, suggesting modest upside from current levels even though its rating remains “sector perform.” BOK Financial price target raised by RBC
Analyst coverage remains cautious overall, with brokerages still assigning BOK Financial a consensus “Hold” rating. BOK Financial Corporation Given Consensus Recommendation of Hold by Brokerages
Investors are still watching expense growth as a potential headwind after the company noted rising costs alongside the otherwise solid quarterly performance. BOK Financial Q2 Earnings Beat Estimates as NII & Fee Income Rise Y/Y

Overall, BOK Financial (NASDAQ: BOKF) appears to be trading higher because investors are focusing on the earnings beat, stronger lending trends, and improved outlook, while the mild analyst upgrade in price target adds support.

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BOK Financial (BOKF)

About BOK Financial

Today's Trend

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