- 14 Jul '19 at 11:45 pm #21232ThePitBossParticipant
Citigroup $C along with JPMorgan Chase…
[article]1600[/article]26 Jul '19 at 7:06 pm #21397ThePitBossParticipant
KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’
KBW said the three banks are best positioned to benefit from an “extended” economic cycle.
“We are upgrading shares of Citigroup, Goldman Sachs, and Bank of America, as we believe these three stocks are best positioned to benefit from an extended economic cycle that has the prospects to grow further—in addition we reiterate our outperform rating for JPM which should see similar benefits as well. We are raising our price target for all Universal Banks and the main driver is higher returns near term as we have pushed out our expectations for when the next downturn will happen and that was positive for near-term return expectations and our price targets. Based on our new price targets, we project total returns of 20.5%, 21.0%, and 23.3% for GS, BAC, and C, respectively, and we believe Outperform ratings are appropriate.06 Aug '19 at 1:16 am #21506TradersComKeymaster
Federal Reserve Senior Loan Officers survey for Q2
Bank lending standards unchanged on commercial and industrial loans to large firms. Eased for small firms in Q2
Bank tightened standards on commercial real estate loans
Demand for commercial and industrial loans from large firms unchanged, weakened for small farms
Bank tightened standards on credit card loans in Q2. Standards on auto and housing loans were unchanged
Commercial industrial loan standards are now at the easier range of standards from 2005 to present
Real estate subprime auto and credit card loan standards are now relatively tighter than pre-crisis
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