RCS Capital acquisition of Cetera transformative, says JMP Securities After RCS Capital agreed to buy Cetera Financial, JMP Securities thinks the deal is transformative for RCS, given the size of the deal and its creation of the second largest independent advisor network. The firm reiterates a $22 price target and Outperform rating on the stock.
Citi sees DOL rules as 'exceptionally bullish' for RCS Capital The Department of Labor yesterday released the proposed rules on fiduciary standards in an attempt to reduce conflicts of interest between brokers/advisors and clients, Citigroup points out. Citi views the rules as a "manageable outcome" that is less onerous than the scenario built into select Broker Dealer stocks. The firm believes the development is "exceptionally bullish" for RCS Capital (RCAP) and favorable for LPL Financial (LPLA) and Ameriprise (AMP).