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Why This Bank Of America Analyst Is Turning Bearish
Monday, November 1, 2021 - 12:48pm | 215Read More...With Bank of America Corp’s (NYSE: BAC) stock having appreciated through most of 2020 and in early 2021, there seems to be limited upside and market expectations are “quite high,” according to Baird. The Bank of America Analyst: David George downgraded Bank of America from...
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Sarat Sethi Disagrees With Bank Of America Downgrade By Baird
Tuesday, May 4, 2021 - 5:02pm | 312Read More...If the lending business picks up, Bank Of America Corp (NYSE: BAC) is one of the best banks to own, Douglas C. Lane & Associates' Sarat Sethi said Tuesday on CNBC's "Fast Money: Halftime Report" What Happened: Baird analyst David George downgraded Bank of America...
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Sell-Side: Wells Fargo's New CEO A Good Hire, But Don't Look For A Quick Fix
Monday, September 30, 2019 - 1:45pm | 681Read More...Wells Fargo & Co (NYSE: WFC)’s new CEO should bring some needed stability as the bank tries to get out from under regulatory restrictions, but a return to growth won’t happen overnight, sell-side analysts said from the sidelines Monday. The bank announced Friday that Charlie...
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Baird: Buy The Dip In Citizens Financial
Wednesday, May 30, 2018 - 2:49pm | 381Read More...Citizens Financial Group Inc (NYSE: CFG) shares were down Tuesday, dragged by macro concerns following the rise in Italian sovereign debt yields and a 14-basis point decline in the 10-year U.S. treasury yield. The Analyst Baird analyst David George upgraded Citizens Financial from Neutral to...
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Baird's Bearish Case For Fifth Third Bancorp Comes To An End After M&A Deal
Tuesday, May 22, 2018 - 12:28pm | 392Read More...Regional bank Fifth Third Bancorp (NASDAQ: FITB) reached an agreement to buy MB Financial Inc (NASDAQ: MBFI) for $4.7 billion which creates a "change in narrative" around the stock for the better, according to Baird. The Analyst Baird's David George upgraded Fifth Third Bancorp...
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M&T Bank Shares Deserve A Premium Valuation: Baird
Wednesday, April 18, 2018 - 2:31pm | 333Read More...With big banks having cleared the decks, regional bank earnings pick up steam in the coming days. Baird said despite the space seeing some profit-taking, it remains opportunistic with bank exposure. The Analyst Analyst David George upgraded M&T Bank Corporation (NYSE: MTB) from Underperform...
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Baird Turns Bullish On U.S. Bancorp, Says Wells Fargo Has Improving Narrative
Monday, March 26, 2018 - 2:44pm | 422Read More...Wells Fargo & Co (NYSE: WFC) and U.S. Bancorp (NYSE: USB) were trading higher Monday after fresh bullish commentary from the sell side. The Analyst Baird analyst David George upgraded U.S. Bancorp from Neutral to Outperform and reiterated a $56 price target. George also reiterated an...
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Bank Bears Bare Their Claws: Fifth Third, US Bancorp Among Downgrades
Monday, October 2, 2017 - 4:22pm | 542Read More...Bank investors were greeted with multiple downgrades Monday from two notable bank analysts. Here's a roundup of what was said and which stocks were downgraded. Bank stocks have been hot over the past month having gained 10 percent to trade at post-election highs, Baird's David George...
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Here's How Sell-Side Analysts Responded To Wells Fargo's Cross-Sales Scam Story
Sunday, September 25, 2016 - 6:37pm | 584Read More...Wells Fargo & Co (NYSE: WFC) was recently pulled up by regulatory agencies for allegedly opening fake savings and credit accounts without customers' volition. The misconduct was done apparently to meet an employee sales goals program the company ran, which was necessary for determining...
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Bank Of America Upgraded En Masse On Wall Street
Tuesday, August 25, 2015 - 10:21am | 848Read More...Shares of Bank of America Corp (NYSE: BAC) rebounded on Tuesday morning by more than 5 percent after Wall Street analyst upgraded the stock en masse. The stock traded recently at $16.04, up 4.9 percent on the day. Bernstein: Sell-Off Provides ‘More Attractive' Entry Point John...
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Baird Analyzes Bank of America's Q3 Results
Thursday, October 17, 2013 - 3:40pm | 184Read More...In a report published Wednesday, Baird Equity Research analyst David George analyzed Bank of America Corporation (NYSE: BAC) Q3 results. Bank of America reported 3Q13 EPS of $0.20 versus Baid estimate of $0.18, with spread income down 3% Q/Q at $10.5B. BAC also reported that ex-litigation and...
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Bank of America Isn't Getting Enough Credit! (BAC)
Monday, February 22, 2010 - 11:32am | 179Read More...Analyst David A. George, CFA at Baird is coming out with a report today stating that Bank of America (NYSE: BAC) is not getting enough credit for its Merril Lynch acquisition. Shares of Bank of America (BAC) are up $0.25 to $16.13 per share. Mr. George has reiterated his Outperform rating and $22...
