JPMorgan vs. Bank of America? Analysts say one of the stocks is set to soar 45%

It's not just regional bank shares that have been hit by the recent banking crisis — large-cap bank stocks have also tumbled. But some analysts think the slide is overdone, and retail investors flocked to buy the dip in the biggest, traditional American banks last week. Still, there may be more room to run. JPMorgan was down nearly 6% last week, while Bank of America tumbled 8% over the same period. Citi lost around 8.5%.

UBS also said that the underperformance of Bank of America's stock last week "befuddles," adding: "We think there is an especially compelling opportunity for BAC at these levels, given an already best-in-class deposit base prior to flight-to-quality benefits, solid capital and strong liquidity, and a fortress balance sheet built from a decade plus of "responsible growth" — which should be particularly valuable in a recession .

😂

You lost us at 'analyst's say'

So you better sell everything and run for the hills.

Analysts also said SVB was a buy for months before it went bankrupt. Don't believe 'analysts'

Bank of America

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan vs. Bank of America? Analysts say one of the stocks is set to soar 50%For those considering big bank stocks, CNBC Pro takes a look at analyst views — and potential upside — for JPMorgan Chase and Bank of America. Bank of America just got 15 Billion dollars in deposits after collapse of SVB. Good thing for BoA, but it still might not be enough to prevent it's collapse. BoA is on the chopping block for sure. And Jim Cramer said JPM is a fortress, so its only a matter of time before they… Its all so rigged! What... the.... 50% ? What major announcement do they project that would cause a 50% rise in BoA or JP Morgan
Source: CNBC - 🏆 12. / 72 Read more »