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BAC

Bank of America

$35.31

0.27 (0.77%)

08:48
01/15/20
01/15
08:48
01/15/20
08:48

Bank of America sees 1Q20 NII lower than 4Q19

  • 15

    Jan

  • 26

    Feb

BAC Bank of America
$35.31

0.27 (0.77%)

01/06/20
01/06/20
DOWNGRADE
Target $36

Neutral
Bank of America downgraded to Neutral from Buy at UBS
As previously reported, UBS analyst Saul Martinez downgraded Bank of America (BAC) to Neutral from Buy with a price target of $36, up from $34. The analyst believes that after a "sizeable" rise of over 44% since the 2018 year-end, the stock's risk/reward profile is now balanced. Martinez added that Bank of America has greater flexibility than its peers JPMorgan (JPM) and Citigroup (C) to return "considerable" capital to shareholders in coming years. The analyst also noted that Bank of America has among the most conservative credit risk profiles in its coverage universe.
01/07/20
01/07/20
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) and Bank of America (BAC) downgraded to Neutral from Buy at UBS. 2. Chubb (CB) downgraded to Sell from Neutral at Goldman Sachs with analyst Yaron Kinar saying he expects the company to be impacted by deteriorating industry loss trends in liability lines. 3. Quest Diagnostics (DGX) downgraded to Equal Weight from Overweight at Barclays. 4. Accenture (ACN) downgraded to Neutral from Buy at MoffettNathanson and to Underperform from Neutral at BofA. 5. Celanese (CE) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying the bulk of the improvements management has executed are now reflected in the company's margins and share price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/20
DADA
01/08/20
INITIATION
Target $36
DADA
Neutral
Bank of America initiated with a Neutral at DA Davidson
DA Davidson analyst David Konrad initiated coverage of Bank of America with a Neutral rating and $36 price target, saying the stock is not cheap, trading at an 11% premium to peers on 2020 P/E driven by above peer returns. Konrad said he believes the stock may be lacking "strong" catalysts going forward in a challenging revenue environment with expectations of declining NII in 2020 and 2021 expectations only 1% above last year's levels. The analyst added that he thinks Bank of America is losing market share in capital markets to its U.S. rivals, and he expects buybacks to meaningfully reduce over the next few years.
01/09/20
BUCK
01/09/20
NO CHANGE
Target $40
BUCK
Buy
Buckingham says buy brokerage stocks over banks in 2020
Buckingham analyst James Mitchell told investors in a research note that he would emphasize the brokerage stocks over the banks this year, as not only are they less expensive, but that expectations around growth embedded in consensus are quiet modest. The analyst upgraded Goldman Sachs (GS) and downgraded Northern Trust (NTRS), and said Citi (C) remains a top pick for the second year in a row. He also emphasized Morgan Stanley (MS) and Regions Financial (RF) as the cheapest brokers relative to historical multiples in his coverage universe. The analyst raised his price target for Bank of America (BAC) to $40 from $35, for BNY Mellon (BK) to $56 from $50, for Citi to $100 from $86, for JPMorgan (JPM) to $140 from $122, for Morgan Stanley to $65 from $55, for State Street (STT) to $95 from $84, for Regions Financial to $110 from $108 and for Wells Fargo to $55 from $47.

TODAY'S FREE FLY STORIES

WMT

Walmart

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ARQL

ArQule

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DPZ

Domino's Pizza

$287.30

-0.6 (-0.21%)

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OPRT

Oportun Financial

$23.09

0.19 (0.83%)

08:26
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ESNT

Essent Group

$51.28

0.66 (1.30%)

08:25
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ACTT

Act II Global Acquisition

$10.15

-0.01 (-0.10%)

08:25
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Conference/Events
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$DJT

DJ Transportation Average

$0.00

(0.00%)

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$DJU

DJ Utility Average

$0.00

(0.00%)

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SPGI

S&P Global

$298.16

3.86 (1.31%)

08:24
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  • 06

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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IYT

iShares Transportation Average

$202.88

2.07 (1.03%)

08:24
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XLK

Technology Select Sector SPDR

$96.49

1.32 (1.39%)

08:23
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XLE

Energy Select Sector SPDR

$59.51

0.08 (0.13%)

08:23
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XLY

Consumer Discretionary Sector SPDR

$127.55

1.13 (0.89%)

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XLB

S&P Select Materials SPDR

$60.86

0.34 (0.56%)

08:23
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SJMHY

SJM Holdings

$0.00

(0.00%)

08:23
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SJM Holdings rating change  »

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FRC

First Republic

$119.03

1.59 (1.35%)

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GWB

Great Western

$34.36

0.18 (0.53%)

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XLU

Utilities SPDR

$66.30

0.4 (0.61%)

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XLP

Consumer Staples Sector SPDR

$63.69

0.19 (0.30%)

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GXYEF

Galaxy Entertainment

$0.00

(0.00%)

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XLV

Health Care Select Sector SPDR

$104.49

0.54 (0.52%)

08:22
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IWM

iShares Trust Russell 2000 Index Fund

$169.51

2.15 (1.28%)

08:22
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DIA

Diamonds Fund ETF

$292.93

2.61 (0.90%)

08:21
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Technical Analysis
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