Is Keefe, Bruyette & Woods a reliable analyst?

In short — Over 1 year, 63.9% of Keefe, Bruyette & Woods's targets proved profitable, for an average gain of +9.4% per call (all calls, winners and losers) — i.e. +0.2% vs its sector, across 479 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

63.9%profitable calls

+9.4%avg gain / call

+0.2%vs sector

479scored calls

In which sectors is Keefe, Bruyette & Woods reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Finance

448

65.8%

+11.3%

+13.3%

+1.9% (122)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EG	▲ Outperform	Oct 12, 26	Oct 12, 27	$372.53	🎯$407	$374.72	+9%	+1% so far
CB	▲ Outperform	Oct 12, 26	Oct 12, 27	$345.06	🎯$387	$346.16	+12%	+0% so far
AON	▲ Outperform	Oct 12, 26	Oct 12, 27	$274.78	🎯$342	$274.71	+24%	+0% so far
ALL	▼ Underperform	Oct 12, 26	Oct 12, 27	$232.6	🎯$232	$236.4	+0%	+2% so far
AIG	▲ Outperform	Oct 12, 26	Oct 12, 27	$77.7	🎯$90	$77.65	+16%	+0% so far
PGR	▲ Outperform	Sep 18, 26	Sep 18, 27	$212.24	🎯$250	$222.88	+18%	+5% so far
AON	▲ Outperform	Sep 1, 26	Sep 1, 27	$330.88	🎯$417	$274.71	+26%	-17% so far
ALL	▼ Underperform	Aug 20, 26	Aug 20, 27	$254.54	🎯$250	$236.4	-2%	-7% so far

Sample (0 recent finished + 8 in progress) of 448 calls.

▸ Cons. disc.

42.1%

+5.0%

-1.0%

+12.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LEN	▼ Underperform	Sep 22, 26	Sep 22, 27	$81.52	🎯$75	$74.92	-8%	-8% so far
LEN	▼ Underperform	Jun 9, 26	Jun 9, 27	$89.85	🎯$86	$74.92	-4%	-17% so far
LEN	▲ Outperform	Feb 11, 25	Feb 11, 26	$121.6	🎯$152	$120.38	+25%	-0.6%
LEN	▲ Outperform	Dec 20, 24	Dec 20, 25	$133.67	🎯$170	$106.94	+27%	-20%
LEN	▲ Outperform	Sep 4, 24	Sep 4, 25	$172.15	🎯$230	$141.16	+34%	-17.6%
DHI	▲ Outperform	Jul 23, 24	Jul 23, 25	$176.56	🎯$208	$148.31	+18%	-16.1%
LEN	▲ Outperform	Jun 18, 24	Jun 18, 25	$144.54	🎯$183	$106.96	+27%	-26.4%
DHI	▲ Outperform	May 7, 24	May 7, 25	$151.4	🎯$178	$122.63	+18%	-18.9%

Sample (6 recent finished + 2 in progress) of 19 calls.

▸ Real estate

25%

-17.6%

-27.3%

-16.7% (10)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CBRE	▲ Outperform	Oct 9, 26	Oct 9, 27	$130.71	🎯$164	$129.67	+25%	-1% so far
CBRE	▲ Outperform	Jul 30, 26	Jul 30, 27	$149.46	🎯$174	$129.67	+16%	-13% so far
CSGP	▲ Outperform	Jul 13, 26	Jul 13, 27	$28.77	🎯$41	$30	+43%	+4% so far
CSGP	▲ Outperform	Apr 29, 26	Apr 29, 27	$34.61	🎯$50	$30	+44%	-13% so far
CBRE	▲ Outperform	Apr 24, 26	Apr 24, 27	$146.22	🎯$175	$129.67	+20%	-11% so far
CSGP	▲ Outperform	Feb 25, 26	Feb 25, 27	$44.78	🎯$70	$30	+56%	-33% so far
CBRE	▲ Outperform	Feb 13, 26	Feb 13, 27	$141.24	🎯$170	$129.67	+20%	-8% so far
CSGP	▲ Outperform	Jan 12, 26	Jan 12, 27	$61.82	🎯$75	$30	+21%	-51% so far

The 25 stocks Keefe, Bruyette & Woods performed best on

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ C Citigroup

100%

+68.3%

+8.5% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
C	▲ Outperform	May 8, 26	May 8, 27	$125.55	🎯$153	$124.53	+22%	-1% so far
C	▲ Outperform	Apr 15, 26	Apr 15, 27	$129.34	🎯$140	$124.53	+8%	-4% so far
C	▲ Outperform	Dec 17, 25	Dec 17, 26	$112.83	🎯$131	$124.53	+16%	+10% so far
C	▲ Outperform	Oct 17, 25	Oct 17, 26	$97.07	🎯$118	$124.53	+22%	+28% so far
C	▲ Outperform	Apr 16, 25	Apr 16, 26	$63.25	🎯$92	$132.19	+45%	+109%
C	▲ Outperform	Jan 16, 25	Jan 16, 26	$79.99	🎯$92	$112.79	+15%	+41%
C	▲ Outperform	Jan 3, 25	Jan 3, 26	$71	🎯$85	$123.54	+20%	+73.7%
C	▲ Outperform	Dec 3, 24	Dec 3, 25	$71.42	🎯$82	$106.42	+15%	+49.4%

▸ WFC Wells Fargo

60%

+16.9%

+50.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WFC	▲ Outperform	Apr 17, 23	Apr 16, 24	$41.3	🎯$46	$56.58	+11%	+36.6%
WFC	▲ Outperform	Dec 15, 20	Dec 15, 21	$29.73	🎯$36	$49.05	+21%	+64.6%
WFC	▲ Outperform	Jul 16, 18	Jul 16, 19	$56.99	—	$45.02	—	-20.5%
WFC	▲ Outperform	Apr 5, 17	Apr 5, 18	$54.98	🎯$63	$53.33	+15%	-3.1%
WFC	▲ Outperform	Jan 12, 16	Jan 11, 17	$51.36	—	$54.96	—	+6.7%

▸ KKR KKR & Co.

62.5%

+32.1%

+38.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
KKR	▲ Outperform	Aug 4, 25	Aug 4, 26	$142.66	🎯$162	$105.57	+14%	-25.9%
KKR	▲ Outperform	May 2, 25	May 2, 26	$114.79	🎯$131	$103.31	+14%	-10%
KKR	▲ Outperform	Jan 13, 25	Jan 13, 26	$143.65	🎯$168	$132.16	+17%	-8%
KKR	▲ Outperform	Dec 20, 24	Dec 20, 25	$147.58	🎯$170	$131.35	+15%	-10.9%
KKR	▲ Outperform	Aug 1, 24	Aug 1, 25	$108.62	🎯$144	$145.55	+33%	+33.6%
KKR	▲ Outperform	Jul 12, 24	Jul 12, 25	$110.74	🎯$125	$139.53	+13%	+25.9%
KKR	▲ Outperform	Jun 21, 24	Jun 21, 25	$107.47	🎯$116	$122.52	+8%	+13.7%
KKR	▲ Outperform	Apr 4, 24	Apr 4, 25	$100.93	🎯$104	$97.9	+3%	-3.4%

Sample (8 recent finished + 0 in progress) of 16 calls.

▸ GS Goldman Sachs

87.5%

+28.3%

+36.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GS	▲ Outperform	Jan 16, 25	Jan 16, 26	$625.94	🎯$690	$945.17	+10%	+50.7%
GS	▲ Outperform	Dec 3, 24	Dec 3, 25	$602.08	🎯$686	$836.89	+14%	+39%
GS	▲ Outperform	Oct 16, 24	Oct 16, 25	$529.86	🎯$570	$757.7	+8%	+43.1%
GS	▲ Outperform	Jun 27, 24	Jun 27, 25	$445.96	🎯$520	$691.24	+17%	+54.9%
GS	▲ Outperform	Apr 5, 24	Apr 5, 25	$410.54	🎯$485	$463.91	+18%	+13.4%
GS	▲ Outperform	Apr 19, 23	Apr 18, 24	$336.89	🎯$400	$404.27	+19%	+19.7%
GS	▲ Outperform	Jul 26, 19	Jul 25, 20	$222.14	🎯$260	$202.15	+17%	-8.6%
GS	▲ Outperform	Nov 29, 16	Nov 29, 17	$211.75	—	$241.4	—	+14%

▸ FITB Fifth Third Bancorp

50%

+3.2%

+35.4%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FITB	▲ Outperform	Apr 6, 23	Apr 5, 24	$26.08	🎯$34	$35.21	+30%	+35.4%
FITB	▲ Outperform	Apr 4, 19	Apr 3, 20	$26.75	🎯$32	$13.38	+20%	-49.8%
FITB	▲ Outperform	May 16, 16	May 16, 17	$17.6	🎯$20.5	$24.82	+16%	+41.5%
FITB	▲ Outperform	Feb 2, 15	Feb 2, 16	$17.88	🎯$20	$15.38	+12%	-14.3%
FITB	▲ Outperform	Dec 13, 12	Dec 13, 13	$14.51	🎯$18	$20.02	+24%	+38.5%

▸ IVZ Invesco

60%

+7.1%

+34.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
IVZ	▲ Outperform	Jan 24, 24	Jan 23, 25	$16.2	🎯$19.5	$17.66	+20%	+8.8%
IVZ	▲ Outperform	Dec 14, 23	Dec 13, 24	$17.58	🎯$20	$18.11	+14%	+2.6%
IVZ	▲ Outperform	Oct 28, 20	Oct 28, 21	$13.33	🎯$16.5	$25.46	+24%	+91.2%
IVZ	▲ Outperform	Oct 14, 16	Oct 14, 17	$29.91	—	$36.19	—	+21.4%
IVZ	▲ Outperform	Jul 29, 16	Jul 29, 17	$29.04	🎯$34	$34.85	+17%	+19.7%
IVZ	▲ Outperform	Jan 11, 16	Jan 10, 17	$29.8	🎯$40	$30.99	+34%	+4.4%
IVZ	▲ Outperform	Sep 3, 15	Sep 2, 16	$32.9	🎯$43	$31.58	+31%	-4.3%
IVZ	▲ Outperform	May 1, 15	Apr 30, 16	$41.61	🎯$52	$31.21	+25%	-25.3%

Sample (8 recent finished + 0 in progress) of 10 calls.

▸ GL Globe Life

100%

+33.3%

+3.9% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GL	▲ Outperform	Jul 24, 26	Jul 24, 27	$174.37	🎯$190	$166.01	+9%	-5% so far
GL	▲ Outperform	Jul 13, 26	Jul 13, 27	$178.62	🎯$192	$166.01	+7%	-7% so far
GL	▲ Outperform	Oct 28, 25	Oct 28, 26	$134.37	🎯$162	$166.01	+21%	+24% so far
GL	▲ Outperform	Jul 29, 25	Jul 29, 26	$141.05	🎯$160	$183.37	+13%	+29.7%
GL	▲ Outperform	Jul 28, 25	Jul 28, 26	$143.27	🎯$155	$179.09	+8%	+25.4%
GL	▲ Outperform	Feb 12, 25	Feb 12, 26	$121.47	🎯$145	$144.55	+19%	+18.6%
GL	▲ Outperform	Jan 10, 25	Jan 10, 26	$112.94	🎯$137	$143.43	+21%	+26.5%
GL	▲ Outperform	Oct 29, 24	Oct 29, 25	$107	🎯$125	$132.68	+17%	+23.8%

▸ AIZ Assurant

100%

+24.2%

+28.2%

+4.4% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AIZ	▲ Outperform	Aug 7, 26	Aug 7, 27	$289.55	🎯$325	$270.99	+12%	-6% so far
AIZ	▲ Outperform	Jul 8, 26	Jul 8, 27	$278.03	🎯$310	$270.99	+11%	-3% so far
AIZ	▲ Outperform	May 13, 26	May 13, 27	$252.72	🎯$270	$270.99	+7%	+7% so far
AIZ	▲ Outperform	Nov 20, 25	Nov 20, 26	$226.82	🎯$254	$270.99	+12%	+19% so far
AIZ	▲ Outperform	Aug 12, 25	Aug 12, 26	$213.59	🎯$235	$281.94	+10%	+31.5%
AIZ	▲ Outperform	May 19, 25	May 19, 26	$200.65	🎯$225	$256.83	+12%	+27.7%
AIZ	▲ Outperform	Apr 9, 25	Apr 9, 26	$190.32	🎯$224	$218.87	+18%	+15.3%
AIZ	▲ Outperform	Feb 20, 25	Feb 20, 26	$200.98	🎯$230	$225.1	+14%	+11.6%

▸ RF Regions Financial Corporation

100%

+30.5%

+26.0%

-1.7% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
RF	▲ Outperform	Dec 17, 25	Dec 17, 26	$27.49	🎯$31	$27.01	+13%	-2% so far
RF	▲ Outperform	Jul 21, 25	Jul 21, 26	$26.05	🎯$30	$30.74	+15%	+18.3%
RF	▲ Outperform	Apr 21, 25	Apr 21, 26	$19.78	🎯$26	$28.29	+31%	+42.6%
RF	▲ Outperform	Oct 31, 24	Oct 31, 25	$23.87	🎯$28	$24.11	+17%	+1.4%
RF	▲ Outperform	Jan 8, 21	Jan 8, 22	$17.57	🎯$18.5	$24.77	+5%	+41.5%
RF	▲ Outperform	May 16, 16	May 16, 17	$9.05	🎯$9.5	$14.57	+5%	+60.7%
RF	▼ Underperform	Feb 9, 15	Feb 9, 16	$9.36	🎯$9.5	$7.68	+1%	+18.3%

▸ KEY KeyCorp

90.9%

+20.2%

+23.8%

-8.6% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
KEY	▲ Outperform	Jul 22, 26	Jul 22, 27	$22.72	🎯$26	$19.91	+14%	-12% so far
KEY	▲ Outperform	Dec 17, 25	Dec 17, 26	$20.94	🎯$24	$19.91	+15%	-5% so far
KEY	▲ Outperform	Apr 21, 25	Apr 21, 26	$14.17	🎯$18	$22.11	+27%	+55.5%
KEY	▲ Outperform	Jan 22, 25	Jan 22, 26	$17.3	🎯$21	$21.63	+21%	+24.7%
KEY	▲ Outperform	Dec 4, 24	Dec 4, 25	$18.72	🎯$22	$19.28	+18%	+2.9%
KEY	▲ Outperform	Sep 10, 24	Sep 10, 25	$15.92	🎯$18	$19.1	+13%	+20.4%
KEY	▲ Outperform	Apr 5, 24	Apr 5, 25	$15.45	🎯$18	$13.44	+17%	-12.6%
KEY	▲ Outperform	Jan 19, 24	Jan 18, 25	$13.94	🎯$16	$17.7	+15%	+26.5%

Sample (6 recent finished + 2 in progress) of 11 calls.

▸ SCHW Charles Schwab Corporation

77.8%

+21.3%

+23.1%

+1.9% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SCHW	▲ Outperform	Oct 17, 25	Oct 17, 26	$94.14	🎯$111	$95.94	+18%	+2% so far
SCHW	▲ Outperform	Jul 21, 25	Jul 21, 26	$96.25	🎯$108	$100.1	+12%	+3.9%
SCHW	▲ Outperform	Apr 22, 25	Apr 22, 26	$76.58	🎯$93	$91.9	+21%	+19.8%
SCHW	▲ Outperform	Dec 20, 24	Dec 20, 25	$74.71	🎯$93	$101.61	+24%	+35.7%
SCHW	▲ Outperform	Oct 16, 24	Oct 16, 25	$72.08	🎯$81	$93.7	+12%	+29.6%
SCHW	▲ Outperform	Aug 22, 24	Aug 22, 25	$64.39	🎯$80	$95.94	+24%	+49.4%
SCHW	▲ Outperform	Apr 6, 23	Apr 5, 24	$49.35	🎯$65	$72.05	+32%	+45.7%
SCHW	▲ Outperform	Jan 12, 23	Jan 12, 24	$82.98	🎯$94	$64.72	+13%	-22.5%

Sample (7 recent finished + 1 in progress) of 9 calls.

▸ STT State Street Corporation

40%

-0.4%

+22.8%

+16.8% (5)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
STT	▲ Outperform	Jul 17, 26	Jul 17, 27	$182.58	🎯$215	$174.1	+18%	-5% so far
STT	▲ Outperform	Jul 9, 26	Jul 9, 27	$180.22	🎯$195	$174.1	+8%	-3% so far
STT	▲ Outperform	Apr 20, 26	Apr 20, 27	$150.18	🎯$175	$174.1	+17%	+16% so far
STT	▲ Outperform	Apr 9, 26	Apr 9, 27	$139.42	🎯$157	$174.1	+13%	+25% so far
STT	▲ Outperform	Oct 20, 25	Oct 20, 26	$115.29	🎯$135	$174.1	+17%	+51% so far
STT	▲ Outperform	Apr 21, 25	Apr 21, 26	$83.84	🎯$113	$152.59	+35%	+81.8%
STT	▲ Outperform	Dec 3, 24	Dec 3, 25	$97.77	🎯$120	$121.23	+23%	+23.7%
STT	▲ Outperform	Apr 18, 23	Apr 17, 24	$75.29	🎯$84	$73.03	+12%	-3%

Sample (3 recent finished + 5 in progress) of 10 calls.

▸ APO Apollo Global Management

62.5%

+22.7%

-13.1% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
APO	▲ Outperform	Nov 5, 25	Nov 5, 26	$133.75	🎯$173	$116.28	+29%	-13% so far
APO	▲ Outperform	Feb 5, 25	Feb 5, 26	$165.75	🎯$194	$125.97	+17%	-23.9%
APO	▲ Outperform	Dec 20, 24	Dec 20, 25	$171.03	🎯$196	$148.8	+15%	-12.9%
APO	▲ Outperform	Nov 6, 24	Nov 6, 25	$159.82	🎯$168	$132.65	+5%	-17.2%
APO	▲ Outperform	Jul 12, 24	Jul 12, 25	$120.54	🎯$141	$148.26	+17%	+23.2%
APO	▲ Outperform	Mar 7, 24	Mar 7, 25	$110.91	🎯$131	$131.98	+18%	+19.4%
APO	▲ Outperform	May 10, 23	May 9, 24	$63.64	🎯$85	$112.01	+34%	+76.3%
APO	▲ Outperform	Apr 18, 23	Apr 17, 24	$65.8	🎯$84	$107.25	+28%	+63.1%

▸ SYF Synchrony Financial

80%

+16.1%

+22.3%

-15.2% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SYF	▲ Outperform	Jan 2, 26	Jan 2, 27	$86.74	🎯$98	$73.59	+13%	-15% so far
SYF	▲ Outperform	Oct 1, 25	Oct 1, 26	$70.28	🎯$86	$71.69	+22%	+2.1%
SYF	▲ Outperform	Dec 9, 24	Dec 9, 25	$66.87	🎯$82	$84.26	+23%	+26.4%
SYF	▲ Outperform	Jun 11, 24	Jun 11, 25	$43.65	🎯$62	$61.55	+42%	+40.8%
SYF	▲ Outperform	May 2, 24	May 2, 25	$45.25	🎯$62	$54.3	+37%	+19.7%
SYF	▲ Outperform	Jan 26, 15	Jan 26, 16	$31.33	🎯$35	$28.51	+12%	-8.5%
SYF	▲ Outperform	Sep 9, 14	Sep 9, 15	$25.04	🎯$31	$32.05	+24%	+28.3%

▸ TRV Travelers Companies (The)

100%

+21.5%

+31.1% (5)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TRV	▲ Outperform	Apr 20, 26	Apr 20, 27	$300.78	🎯$342	$373.28	+14%	+24% so far
TRV	▲ Outperform	Feb 19, 26	Feb 19, 27	$299.9	🎯$340	$373.28	+13%	+24% so far
TRV	▲ Outperform	Jan 23, 26	Jan 23, 27	$277.72	🎯$320	$373.28	+15%	+34% so far
TRV	▲ Outperform	Jan 6, 26	Jan 6, 27	$283.19	🎯$317	$373.28	+12%	+32% so far
TRV	▲ Outperform	Oct 20, 25	Oct 20, 26	$265.25	🎯$305	$373.28	+15%	+41% so far
TRV	▲ Outperform	Jul 18, 25	Jul 18, 26	$265.97	🎯$316	$369.7	+19%	+38.6%
TRV	▲ Outperform	May 28, 25	May 28, 26	$274.41	🎯$303	$290.87	+10%	+6.4%
TRV	▲ Outperform	Apr 17, 25	Apr 17, 26	$255.86	🎯$290	$301.91	+13%	+17.6%

▸ HIG Hartford (The)

100%

+21.1%

+21.2%

-2.9% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
HIG	▲ Outperform	Feb 5, 26	Feb 5, 27	$142.3	🎯$163	$131.19	+15%	-8% so far
HIG	▲ Outperform	Jan 6, 26	Jan 6, 27	$135.9	🎯$160	$131.19	+18%	-3% so far
HIG	▲ Outperform	Nov 4, 25	Nov 4, 26	$127.94	🎯$145	$131.19	+13%	+3% so far
HIG	▲ Outperform	Aug 4, 25	Aug 4, 26	$127.57	🎯$137	$144.15	+7%	+12.6%
HIG	▲ Outperform	Apr 9, 25	Apr 9, 26	$114.79	🎯$133	$137.75	+16%	+19.6%
HIG	▲ Outperform	Feb 5, 25	Feb 5, 26	$113.61	🎯$140	$142.01	+23%	+25.3%
HIG	▲ Outperform	Jan 10, 25	Jan 10, 26	$107.48	🎯$139	$135.42	+29%	+25.8%
HIG	▲ Outperform	Oct 29, 24	Oct 29, 25	$112.72	🎯$135	$123.99	+20%	+9.5%

Sample (5 recent finished + 3 in progress) of 11 calls.

▸ ALL Allstate

100%

+18.2%

+20.4%

+9.8% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ALL	▼ Underperform	Oct 12, 26	Oct 12, 27	$232.6	🎯$232	$236.4	+0%	+2% so far
ALL	▼ Underperform	Aug 20, 26	Aug 20, 27	$254.54	🎯$250	$236.4	-2%	-7% so far
ALL	▲ Outperform	May 7, 26	May 7, 27	$213.15	🎯$266	$236.4	+25%	+11% so far
ALL	▲ Outperform	Feb 11, 26	Feb 11, 27	$204.73	🎯$260	$236.4	+27%	+15% so far
ALL	▲ Outperform	Jan 6, 26	Jan 6, 27	$207.27	🎯$254	$236.4	+23%	+14% so far
ALL	▲ Outperform	Nov 11, 25	Nov 11, 26	$209.21	🎯$250	$236.4	+19%	+13% so far
ALL	▲ Outperform	Aug 6, 25	Aug 6, 26	$209.01	🎯$246	$275.89	+18%	+31.6%
ALL	▲ Outperform	Jul 9, 25	Jul 9, 26	$194.68	🎯$237	$251.14	+22%	+29.2%

Sample (2 recent finished + 6 in progress) of 19 calls.

▸ ARES Ares Management

55.6%

+15.1%

+20.3%

-24.4% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ARES	▲ Outperform	Nov 4, 25	Nov 4, 26	$153.01	🎯$189	$115.62	+24%	-24% so far
ARES	▲ Outperform	Aug 4, 25	Aug 4, 26	$188.55	🎯$203	$143.3	+8%	-24.2%
ARES	▲ Outperform	Dec 20, 24	Dec 20, 25	$176.04	🎯$202	$170.76	+15%	-3.3%
ARES	▲ Outperform	May 1, 23	Apr 30, 24	$85.57	🎯$99	$133.49	+16%	+55.5%
ARES	▲ Outperform	May 7, 20	May 7, 21	$35.01	🎯$45	$53.57	+29%	+53.3%
ARES	▲ Outperform	Oct 14, 16	Oct 14, 17	$18	—	$18.72	—	+3.6%
ARES	▲ Outperform	May 13, 16	May 13, 17	$13.5	🎯$17.5	$18.9	+30%	+40.4%
ARES	▲ Outperform	Jan 13, 16	Jan 12, 17	$11.25	🎯$17	$17.55	+51%	+56%

Sample (7 recent finished + 1 in progress) of 9 calls.

▸ NDAQ Nasdaq, Inc.

66.7%

+21.6%

+20.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NDAQ	▲ Outperform	Jul 25, 25	Jul 25, 26	$94.84	🎯$104	$93.89	+10%	-0.9%
NDAQ	▲ Outperform	Apr 25, 25	Apr 25, 26	$75.1	🎯$88	$90.12	+17%	+20.4%
NDAQ	▲ Outperform	Dec 20, 24	Dec 20, 25	$77.94	🎯$91	$97.43	+17%	+25%
NDAQ	▲ Outperform	Jul 26, 24	Jul 26, 25	$66.96	🎯$78	$95.08	+16%	+42.1%
NDAQ	▲ Outperform	Apr 26, 24	Apr 26, 25	$60.08	🎯$74	$75.1	+23%	+25%
NDAQ	▲ Outperform	Jan 26, 23	Jan 26, 24	$60.5	🎯$67	$58.08	+11%	-3.7%
NDAQ	▲ Outperform	Jan 12, 23	Jan 12, 24	$63.35	🎯$73	$56.38	+15%	-10.9%
NDAQ	▲ Outperform	Nov 20, 20	Nov 20, 21	$42.11	🎯$143.5	$69.06	+241%	+64.4%

Sample (8 recent finished + 0 in progress) of 9 calls.

▸ JPM JPMorgan Chase

71.4%

+23.5%

+20.1%

+0.7% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
JPM	▲ Outperform	Jul 15, 26	Jul 15, 27	$346.91	🎯$384	$331.43	+11%	-4% so far
JPM	▲ Outperform	Dec 17, 25	Dec 17, 26	$313	🎯$363	$331.43	+16%	+6% so far
JPM	▲ Outperform	Jul 16, 25	Jul 16, 26	$285.82	🎯$330	$342.98	+15%	+20.1%
JPM	▲ Outperform	Feb 13, 18	Feb 13, 19	$112.43	—	$103.44	—	-8.3%
JPM	▲ Outperform	Jul 16, 16	Jul 16, 17	$63.96	🎯$73	$91.46	+14%	+42.9%
JPM	▲ Outperform	May 16, 16	May 16, 17	$61.66	🎯$73	$87.56	+18%	+42.1%
JPM	▲ Outperform	Feb 24, 16	Feb 23, 17	$56.14	🎯$72	$90.95	+28%	+62.3%
JPM	▲ Outperform	Oct 14, 15	Oct 13, 16	$61.89	🎯$74	$67.46	+20%	+9.1%

▸ AIG American International Group

71.4%

+16.5%

+17.6%

-0.1% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AIG	▲ Outperform	Oct 12, 26	Oct 12, 27	$77.7	🎯$90	$77.65	+16%	+0% so far
AIG	▲ Outperform	Aug 11, 26	Aug 11, 27	$77.31	🎯$96	$77.65	+24%	+0% so far
AIG	▲ Outperform	Jul 8, 26	Jul 8, 27	$79.62	🎯$95	$77.65	+19%	-2% so far
AIG	▲ Outperform	May 8, 26	May 8, 27	$76.36	🎯$98	$77.65	+28%	+2% so far
AIG	▲ Outperform	Feb 12, 26	Feb 12, 27	$78.27	🎯$97	$77.65	+24%	-1% so far
AIG	▲ Outperform	Jan 6, 26	Jan 6, 27	$77.07	🎯$96	$77.65	+25%	+1% so far
AIG	▲ Outperform	Aug 12, 25	Aug 12, 26	$78.48	🎯$91	$76.13	+16%	-3%
AIG	▲ Outperform	May 8, 25	May 8, 26	$82.41	🎯$97	$75.82	+18%	-7.7%

Sample (2 recent finished + 6 in progress) of 14 calls.

▸ PYPL PayPal

66.7%

+17.6%

-10.5% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PYPL	▲ Outperform	Jul 29, 26	Jul 29, 27	$58.35	🎯$70	$56.17	+20%	-4% so far
PYPL	▲ Outperform	Oct 29, 25	Oct 29, 26	$67.93	🎯$90	$56.17	+32%	-17% so far
PYPL	▲ Outperform	Dec 9, 24	Dec 9, 25	$88.76	🎯$104	$61.24	+17%	-31.1%
PYPL	▲ Outperform	Sep 18, 24	Sep 18, 25	$77.57	🎯$78	$68.26	+1%	-12%
PYPL	▲ Outperform	Jul 11, 24	Jul 11, 25	$60.27	🎯$78	$74.13	+29%	+22.6%
PYPL	▲ Outperform	Jun 13, 24	Jun 13, 25	$60.63	🎯$78	$72.15	+29%	+19.2%
PYPL	▲ Outperform	Jul 31, 20	Jul 31, 21	$197.07	🎯$220	$271.96	+12%	+37.5%
PYPL	▲ Outperform	May 8, 20	May 8, 21	$143.96	🎯$152	$243.29	+6%	+69.2%

▸ XYZ Block, Inc.

75%

+17.4%

+4.1% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
XYZ	▲ Outperform	Aug 6, 26	Aug 6, 27	$79	🎯$100	$76.86	+27%	-3% so far
XYZ	▲ Outperform	May 8, 26	May 8, 27	$74.85	🎯$90	$76.86	+20%	+3% so far
XYZ	▲ Outperform	Jan 2, 26	Jan 2, 27	$68.45	🎯$85	$76.86	+24%	+12% so far
XYZ	▲ Outperform	Aug 8, 25	Aug 8, 26	$73.39	🎯$95	$79.26	+29%	+7.6%
XYZ	▲ Outperform	Jul 9, 25	Jul 9, 26	$68.76	🎯$80	$77.01	+16%	+12.4%
XYZ	▲ Outperform	May 5, 25	May 5, 26	$46.64	🎯$70	$71.36	+50%	+52.8%
XYZ	▲ Outperform	Mar 18, 25	Mar 18, 26	$59.65	🎯$80	$57.86	+34%	-3%

▸ TFC Truist Financial

71.4%

+16.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TFC	▲ Outperform	Apr 21, 25	Apr 21, 26	$36.34	🎯$47	$50.88	+29%	+40.2%
TFC	▲ Outperform	Jan 21, 25	Jan 21, 26	$47.89	🎯$57	$49.81	+19%	+4.5%
TFC	▲ Outperform	Jul 23, 24	Jul 23, 25	$44.15	🎯$48	$45.92	+9%	+3.8%
TFC	▲ Outperform	May 8, 24	May 8, 25	$39.1	🎯$46	$39.1	+18%	-0.2%
TFC	▲ Outperform	Apr 5, 24	Apr 5, 25	$38.85	🎯$45	$34.97	+16%	-9.5%
TFC	▲ Outperform	Jan 19, 24	Jan 18, 25	$37.47	🎯$44	$47.96	+17%	+27.8%
TFC	▲ Outperform	Sep 21, 23	Sep 20, 24	$28.16	🎯$36	$42.24	+28%	+50.3%

▸ AXP American Express

85.7%

+18.2%

+16.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AXP	▲ Outperform	Oct 1, 25	Oct 1, 26	$330.48	🎯$394	$304.04	+19%	-8.4%
AXP	▲ Outperform	Jul 9, 25	Jul 9, 26	$325.24	🎯$371	$351.26	+14%	+7.8%
AXP	▲ Outperform	Jan 27, 25	Jan 27, 26	$316.42	🎯$360	$360.72	+14%	+13.6%
AXP	▲ Outperform	Dec 10, 24	Dec 10, 25	$302.34	🎯$350	$383.97	+16%	+27.3%
AXP	▲ Outperform	Dec 9, 24	Dec 9, 25	$302.11	🎯$350	$374.62	+16%	+24.3%
AXP	▲ Outperform	Jul 8, 24	Jul 8, 25	$234.51	🎯$280	$316.59	+19%	+35.2%
AXP	▲ Outperform	Jan 30, 17	Jan 30, 18	$77.28	🎯$91	$98.92	+18%	+27.7%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.

❓ Keefe, Bruyette & Woods: frequently asked questions

Is Keefe, Bruyette & Woods a reliable analyst? How accurate are their price targets?

Over 12 months, 63.9% of Keefe, Bruyette & Woods's targets were profitable, averaging +9.4% per call (+0.2% vs their sector), across 479 timestamped calls. Verdict: fairly reliable. We judge on real results, not reputation — the call-by-call detail is further up this page.