+ 2.69
+ 0.83%
+ 1.72
+ 0.45%
+ 1.79
+ 1.18%
+ 0.14
+ 0.08%

A Few Stocks To Look At Amid JP Morgan Post-Earnings Downgrade

January 15, 2015 3:52 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
A Few Stocks To Look At Amid JP Morgan Post-Earnings Downgrade

Analysts at HSBC downgraded JPMorgan Chase & Co. (NYSE: JPM) from Neutral to Underweight, and trimmed their price target from $61 to $55.50 after the company posted decreasing profit on the back of higher-than-expected legal charges and increasing reserves for loans that could sour.

Related Link: Update: JPMorgan Posts Lower Q4 Profit

Credit Suisse initiated coverage on Bank of America Corp (NYSE: BAC) with an Overweight and a $21 price target, while Barclays maintained a Hold and a $20 price target.

Guggenheim Securities also weighed in on the stock on December 16, rating it as a Buy with a $20 price target.

Small-Cap Options

Texas Capital Bancshares Inc (NASDAQ: TCBI) saw Barclays reiterate an Overweight rating on Tuesday, setting a price target of $57.

On Monday, Wunderlich issued a report on southern regional banks and rated Texas Capital Bancshares as a Buy, fixing the price target at $75. Moreover, on December 11, Jefferies also issued a Buy with a $63 price target.

The stock trades below $45.

On January 6, Barclays recommended two more banks: First Interstate BancSystem Inc (NASDAQ: FIBK) and Capital Bank Financial Corp (NASDAQ: CBF). The research firm reiterated Overweight ratings for both stocks, respectively accompanied by price targets of $31 and $28.

Related Articles

Big Bank Q3 Earnings Cheat Sheet: The Thing That Matters Most For Each Bank

Bank Earnings Pair Trade: Morgan Stanley Vs. Goldman Sachs

What To Expect When You're Expecting Big Banks' Earnings

How To Trade Netflix Ahead Of Its Earnings Report Using Options

The following originally appeared on Options AI read more