JPMorgan, Bank of America And Other Financial Stocks From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Analysts have provided updates on financial stocks Visa Inc. (V), JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), and Morgan Stanley (MS). Coverage includes new ratings, price target changes, and recent news such as Visa's collaboration with International Money Express, JPMorgan's acquisition of a stake in Indra, and Bank of America's preferred stock dividends. Analysts' accuracy rates and expected stock movements are highlighted.
December 27, 2023 | 1:13 pm
News sentiment analysis
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NEUTRAL IMPACT
Oppenheimer sees a 51% upside for Bank of America, while Keefe, Bruyette & Woods expects an 11% decline. BAC announced regular preferred stock dividends for Q1.
Contrasting analyst predictions create uncertainty, but dividend announcements are generally positive for investor sentiment.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley received mixed ratings from Exane BNP Paribas and Oppenheimer, with price targets suggesting an 8% decline and 11% growth, respectively. MS filed for mixed shelf last month.
Divergent analyst opinions may lead to neutral short-term impact, but the mixed shelf filing could be a factor to watch.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer and BMO Capital analysts have maintained positive ratings on JPMorgan with price targets indicating 2-44% growth. JPMorgan has acquired a significant stake in Indra, which could impact its stock.
The acquisition of a stake in Indra and positive analyst ratings suggest potential for short-term stock growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Analysts from BMO Capital and Barclays have given Visa positive ratings with price targets suggesting 7-8% upside. Recent news includes a collaboration with International Money Express to enhance money transfer services.
Positive analyst ratings and a new partnership are bullish signals, likely leading to short-term stock appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90