Janney Capital
Upgrade grade
B
Downgrade grade
A+
Janney Montgomery Scott is a Philadelphia-based investment bank and wealth management firm with roots dating back to 1871, making it one of the oldest continuously operating investment banks in the United States. The firm operates as a mid-sized independent investment bank with a strong regional presence, particularly in the Northeast, and has built a reputation for personalized client service across both institutional and retail markets. Janney's equity research team is particularly known for their coverage of healthcare, financial services, and consumer discretionary sectors, with a focus on identifying compelling opportunities in mid-cap and select large-cap companies. A distinctive aspect of Janney's research culture is their commitment to maintaining genuine independence from banking pressures, a philosophy that has helped them earn credibility with investors who value uncompromised fundamental analysis and direct access to their analyst teams.
Upgrades
136
76.47% win rate
· avg +3.38% D1
Downgrades
162
81.48% win rate
· avg -4.78% D1
Avg Gap — Upgrades
+2.26%
open vs prev close
Avg Gap — Downgrades
-4.33%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 72.73% (44) | +1.93% | 84.78% (46) | -4.15% |
| Utilities | 83.33% (24) | +2.90% | 77.27% (22) | -2.25% |
| Consumer Cyclical | 88.89% (18) | +6.18% | 75.00% (24) | -4.51% |
| Healthcare | 73.68% (19) | +7.20% | 81.82% (22) | -10.75% |
| Industrials | 72.73% (11) | +2.14% | 86.67% (15) | -2.96% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2021 | 83.3% | 12 | — | — |
| 2020 | 71.4% | 14 | 62.5% | 16 |
| 2019 | — | — | 68.8% | 16 |
| 2018 | 62.5% | 16 | 80.0% | 15 |
| 2017 | 75.0% | 12 | 87.5% | 16 |
| 2016 | 65.0% | 20 | 87.5% | 16 |
| 2015 | — | — | 87.5% | 16 |
| 2014 | 84.2% | 19 | 87.5% | 16 |
| 2013 | 88.9% | 18 | 90.3% | 31 |
| 2012 | — | — | 81.8% | 11 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Apr 7, 2021 | TCBI | Texas Capital Bancshares, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +3.2% | -2.0% |
| Mar 22, 2021 | FIBK | First Interstate BancSystem, Inc. | Financial Services | Downgrade | Buy → Neutral | — | -1.8% | -4.2% |
| Mar 22, 2021 | AX | Axos Financial, Inc. | Financial Services | Downgrade | Buy → Neutral | — | -2.0% | -6.1% |
| Mar 21, 2021 | AX | Axos Financial, Inc. | Financial Services | Downgrade | Buy → Neutral | — | — | — |
| Mar 16, 2021 | SFST | Southern First Bancshares, Inc. | Financial Services | Downgrade | Buy → Neutral | — | -1.9% | -1.5% |
| Mar 15, 2021 | SFST | Southern First Bancshares, Inc. | Financial Services | Downgrade | Buy → Neutral | — | +0.0% | -1.7% |
| Mar 2, 2021 | MSEX | Middlesex Water Company | Utilities | Upgrade | Neutral → Buy | — | +2.9% | +1.2% |
| Mar 1, 2021 | MSEX | Middlesex Water Company | Utilities | Upgrade | Neutral → Buy | — | +2.1% | +0.5% |
| Feb 9, 2021 | ZION | Zions Bancorporation, National Association | Financial Services | Upgrade | Neutral → Buy | — | +0.9% | +1.9% |
| Feb 8, 2021 | ZION | Zions Bancorporation, National Association | Financial Services | Upgrade | Neutral → Buy | — | +0.9% | +1.9% |
| Feb 3, 2021 | FBIZ | First Business Financial Services, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +1.1% | +1.4% |
| Feb 2, 2021 | FBIZ | First Business Financial Services, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +1.1% | +1.7% |
| Jan 29, 2021 | PROV | Provident Financial Holdings, Inc. | Financial Services | Downgrade | Buy → Neutral | — | -5.9% | +0.0% |
| Jan 28, 2021 | PROV | Provident Financial Holdings, Inc. | Financial Services | Downgrade | Buy → Neutral | — | +2.0% | -4.5% |
| Jan 28, 2021 | WNEB | Western New England Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +7.4% | +3.3% |
| Jan 27, 2021 | WNEB | Western New England Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | -0.2% | -0.8% |
| Jan 26, 2021 | CZFS | Citizens Financial Services, Inc. | Financial Services | Upgrade | Neutral → Buy | — | -2.0% | +0.7% |
| Jan 25, 2021 | BANR | Banner Corporation | Financial Services | Downgrade | Buy → Neutral | — | -3.9% | -3.3% |
| Jan 24, 2021 | BANR | Banner Corporation | Financial Services | Downgrade | Buy → Neutral | — | — | — |
| Jan 22, 2021 | MTH | Meritage Homes Corporation | Consumer Cyclical | Maintains | Neutral → Neutral | — | -0.9% | +3.7% |
| Jan 22, 2021 | TMHC | Taylor Morrison Home Corporation | Consumer Cyclical | Maintains | Neutral → Neutral | — | -1.1% | +2.4% |
| Jan 22, 2021 | DHI | D.R. Horton, Inc. | Consumer Cyclical | Maintains | Neutral → Neutral | — | -0.7% | +1.5% |
| Jan 15, 2021 | AX | Axos Financial, Inc. | Financial Services | Maintains | Buy → Buy | — | -1.1% | -0.5% |
| Jan 14, 2021 | HIW | Highwoods Properties, Inc. | Real Estate | Upgrade | Neutral → Buy | — | +2.1% | +2.1% |
| Jan 14, 2021 | EPR | EPR Properties | Real Estate | Downgrade | Buy → Neutral | — | -0.8% | +9.1% |