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A Few Stocks To Look At Amid JPMorgan Post-Earnings Downgrade

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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.

Latest Ratings for TCBI

DateFirmActionFromTo
Sep 2017RBC CapitalInitiates Coverage OnOutperform
Apr 2017Raymond JamesDowngradesStrong BuyMarket Perform
Apr 2017Raymond JamesUpgradesOutperformStrong Buy

View More Analyst Ratings for TCBI
View the Latest Analyst Ratings

Posted-In: Barclays Credit Suisse Guggenheim Securities HSBC JefferiesLong Ideas Analyst Ratings Trading Ideas

 

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