Analysts Says ‘Don’t Buy The Big Banks,’ Deutsche Bank Cuts Rating
Deutsche Bank downgraded Bank of America Corp (NYSE: BAC) and JPMorgan Chase & Co (NYSE: JPM)
Benzinga’s Top Ratings Upgrades, Downgrades For January 6, 2023
Upgrades Piper Sandler upgraded the previous rating for Aligos Therapeutics Inc (NASDAQ:ALGS) from Neutral to Overweight. Aligos Therapeutics…
Deutsche Bank Downgrades Bank of America to Hold, Lowers Price Target to $36
Deutsche Bank analyst Matt O'Connor downgrades Bank of America (NYSE:BAC) from Buy to Hold and lowers the price target from $45 to $36.
Barclays Maintains Overweight on Bank of America, Lowers Price Target to $48
Barclays analyst Jason Goldberg maintains Bank of America (NYSE:BAC) with a Overweight and lowers the price target from $51 to $48.
Salad Oil Scandal Tanks American Express Stock On This Day In Market History
Benzinga takes a look back at a notable market-related moment that occurred on this date.
What 7 Analyst Ratings Have To Say About Bank of America
Over the past 3 months, 7 analysts have published their opinion on Bank of America (NYSE:BAC) stock. These…
Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $51
Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:BAC) with a Outperform and lowers the price target from $52 to $51.
Investment Bankers Brace For Lower Compensation Amid Lower Deal Making Activity
2022 was not a good year for investment banking, as a slump in deals led to declines in fees and revenues at all major institutions.
Due to the challenging economic environment, several Wall Street banks resorted to cutting jobs to manage costs.
JPMorgan Chase Is The Most Shorted US Bank Stock, But Short Sellers Like This Canadian Bank Even More
The Invesco KBW Bank ETF (NASDAQ: KBWB) is down 27.8% year-to-date in 2022 as investors grow increasingly concerned the Federal Reserve will be unable to navigate a soft landing for the U.S. economy, and short sellers have made a killing on bank stocks.
Morgan Stanley Maintains Equal-Weight on Bank of America, Lowers Price Target to $37
Morgan Stanley analyst Betsy Graseck maintains Bank of America (NYSE:BAC) with a Equal-Weight and lowers the price target from $38 to $37.