| 4 Themes Bank Investors Should Know During Earnings Season | |
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Earnings season is right around the corner for big bank stocks, and Deutsche Bank analyst Matt O’Connor recently outlined four key themes that bank investors should be watching this earnings season:
1. Bank of America Corp (NYSE: BAC), Citizens Financial Group Inc (NYSE: CFG), JPMorgan Chase & Co. (NYSE: JPM) and PNC Financial Services Group Inc (NYSE: PNC) should benefit the most in Q1 from rising short rates.
2. The banking industry will likely see M&A activity throughout 2016.
3. The Atlanta Fed recently lowered its Q4 real GDP growth estimate to +0.7 percent.
4. Credit costs for large regionals likely rose from 0.31 percent in Q3 to 0.39 percent in Q4.
Deutsche Bank named PNC, U.S. Bankcorp (NYSE: USB) and Wells Fargo &Co (NYSE: WFC) as its top banking stock picks ahead of earnings season.
Disclosure: the author owns shares of Bank of America.
Latest Ratings for USB
| Date | Firm | Action | From | To |
|---|
| Nov 2015 | Piper Jaffray | Initiates Coverage on | | Overweight | | Sep 2015 | Deutsche Bank | Upgrades | Hold | Buy | | Aug 2015 | Portales Partners | Upgrades | Sector Perform | Outperform |
View More Analyst Ratings for USB
View the Latest Analyst Ratings
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Wells Fargo is a exploration company based in United states of america. Wells Fargo is listed in United States of America. Its market capitalisation is US$ 363.4 billions as of today (€ 342.3 billions). Its stock quote reached its lowest recent point on July 03, 1997 at US$ 10.01, and its highest recent level on November 14, 2024 at US$ 72.72. Wells Fargo has 4 997 319 680 shares outstanding. |