Citigroup analyst Keith Horowitz on Monday downgraded Bank of America Corp. undefined stock to neutral from buy and kept his price target on the stock at $40...
Citigroup analyst Keith Horowitz on Monday downgraded Bank of America Corp. stock to neutral from buy and kept his price target on the stock at $40 a share. Tailwinds from higher net interest income or NII -- the profits banks make by issuing loans at a higher interest rate than they pay on deposits -- seem to be fully factored in for Bank of America, Horowitz said.
BAC stock to neutral from buy and kept his price target on the stock at $40 a share. Tailwinds from higher net interest income or NII -- the profits banks make by issuing loans at a higher interest rate than they pay on deposits -- seem to be fully factored in for Bank of America, Horowitz said."We see downside risk to 2023 NII largely from a catch up on deposit repricing and noninterest bearing deposit outflows outweighing the benefits of fixed rate asset pricing," Horowitz said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | JPMorgan Dodges a Buyout-Loan BulletThe bank avoided loans backing purchases of companies such as Twitter and Citrix, which hurt Bank of America and other competitors after markets hit turbulence.
Read more »
Clash co-founder dead: Keith Levene was 65Keith Levene, the trailblazing guitarist who co-founded The Clash and Public Image Ltd., died of liver cancer Friday. He was 65.
Read more »
Keith Levene, Founding Member of The Clash, Dies at 65The pioneering guitarist died after a battle with liver cancer.
Read more »
Keith Levene, Co-Founder of the Clash and Public Image Ltd, Dies at 65“We had our ups and downs that had mellowed over time,” former bandmate Martin Atkins said after Levene’s passing. “My respect for his unique talent never will.”
Read more »
Keith Levene Dies: Founding Member Of The Clash And PIL Was 65Innovative guitarist Keith Levene, a cofounder of The Clash and later with Public Image Ltd., died Friday at 65 of liver cancer at his home in Norfolk, UK. Author/writer Adam Hammond confirmed the …
Read more »
The Clash co-founder dead: Keith Levene was 65Keith Levene, the trailblazing guitarist who co-founded The Clash and Public Image Ltd., died of liver cancer Friday. He was 65.
Read more »