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Bank Of America Loan Growth Is Better Than Peers, Analysts Predict 'Good Core Operating Leverage'
Wednesday, April 17, 2024 - 12:46pm | 397Read More...Shares of Bank of America Corp (NYSE:BAC) were rising in early trading on Wednesday, even as other financial stocks came under pressure after earnings. Here are some key analyst takeaways from the release. Goldman Sachs analyst Richard Ramsden reiterated a Buy rating, while reducing the price...
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Rising Interest Rates Squeeze Regional Bank Stocks: 'Banks Could Be Forced To Liquidate'
Friday, March 10, 2023 - 11:52am | 842Read More...The shocking downfall of SVB Financial Group (NASDAQ: SIVB) has stolen the spotlight in the banking sector this week, but the banking industry's woes may be much more serious than SVB's downfall. What Happened? SVB shares dropped 60% on Thursday after the bank announced a plan to raise more...
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JPMorgan Upgrades U.S. Bancorp, Raises Big Bank Price Targets Ahead Of Q1 Earnings
Thursday, April 8, 2021 - 3:42pm | 573Read More...Big bank earnings season is just around the corner, and U.S. Bancorp (NYSE: USB) landed a big Wall Street upgrade on Thursday ahead of its upcoming report. The Analyst: J.P. Morgan analyst Vivek Juneja upgraded U.S. Bancorp from Neutral to Overweight and raised his price target from $53 to $60....
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JPMorgan Analysts Brace For Tepid Q4 Earnings From Big Banks On Weak Interest Income
Saturday, January 11, 2020 - 1:20pm | 702Read More...The fourth-quarter earnings season is set to kickstart next week, with the financial sector among the early reporters. As the economy and markets turn volatile amid mounting geopolitical tensions, here's a look at how big banks may have fared in the fourth quarter that closed out 2019. Buoyant...
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Wells Fargo Upgraded At This Major Firm, Bank Is Steady Amid Uncertainty
Friday, October 9, 2015 - 9:17am | 355Read More...Wells Fargo & Co (NYSE: WFC) shares are down 5 percent since July 9, having declined from around $58 to $50 in August. JP Morgan’s Vivek Juneja upgraded the rating on the company from Neutral to Overweight, while reducing the price target from $59.50 to $58.50. With an...
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Bank Of America Execs Must Have Impressed JPMorgan Last Week
Monday, June 22, 2015 - 11:12am | 478Read More...JP Morgan analyst Vivek Juneja reiterated an Overweight rating on Bank of America Corp (NYSE: BAC) with a price target of $18 last week after meeting with Bank of America CEO Brian Moynihan and Dean Athanasia, the Co-Head of Consumer Banking. Following the 2008 financial crisis, Bank of America...
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Wells Fargo Down On Analyst Cut; Rest Of Sector Trending Upward
Monday, July 14, 2014 - 11:37am | 275Read More...Shares of Wells Fargo (NYSE: WFC) are under pressure following analyst commentary on the bank’s second quarter results. JP Morgan downgraded Wells Fargo from Overweight to Neutral. Analyst Vivek Juneja commented, “2Q was led by very strong growth in investment banking fees, sharp...
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UPDATE: J.P. Morgan Downgrades Northern Trust Following Weak 2Q EPS
Thursday, July 18, 2013 - 10:21am | 158Read More...In a report published Thursday, J.P. Morgan analyst Vivek Juneja downgraded Northern Trust (NASDAQ: NTRS) from Neutral to Underweight, and lowered the price target from $58.50 to $55.50. In the report, J.P. Morgan noted, “We are lowering our rating on Northern Trust to Underweight relative to...
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RF’s Earnings to be Affected by Credit Losses, Credit-Related Costs and Net Interest Income
Tuesday, December 1, 2009 - 10:41am | 201Read More...Analyst Vivek Juneja of JP Morgan maintains his "neutral" rating on Regions Financial (NYSE: RF), while reducing his estimates for the company. The target price for RF is set to $7.50. According to JP Morgan, RF’s earnings are likely to be affected by higher-than-expected credit losses and a rise...
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BAC’s Total Managed Net Chargeoffs Ratio May Peak in 2Q10
Tuesday, December 1, 2009 - 10:21am | 142Read More...Analyst Vivek Juneja of JP Morgan maintains his "overweight" rating on Bank of America (NYSE: BAC), while reducing his estimates for the company. The target price for BAC is set to $21.50. According to JP Morgan, BAC’s earnings are likely to be affected by lower than expected net interest income...
