News Formal

Bank of America upgraded to market perform at KBW because ‘the fever broke’ around bond yields

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

KBW’s David Konrad sees valuation boost for the bank as Treasury yields drop well below 5%.

Bank of America Corp. has drawn an upgrade to market perform from underperform at Keefe, Bruyette & Woods after “the fever broke” around higher bond yields that have impacted bank stocks.

“The fever broke,” Konrad said in a research note published on Sunday. “We believe the lower rates may drive favorable positioning in stock, and we believe the stock’s valuation is more attractive.” “Although we expect challenging NII results over the next two quarters, we believe NII will level out in 2024 and show modest growth in 2025, partly due to less pressure on debt costs,” Konrad said.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bank of America Corp. stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »