Market Overview

A Few Stocks To Look At Amid JPMorgan 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.

Latest Ratings for TCBI

Feb 2020UBSUpgradesSellNeutral
Jan 2020RBC CapitalMaintainsSector Perform
Jan 2020WedbushMaintainsNeutral

View More Analyst Ratings for TCBI
View the Latest Analyst Ratings


Related Articles (TCBI + BAC)

View Comments and Join the Discussion!

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

Latest Ratings

APLSRaymond JamesInitiates Coverage On86.0
AXTAExane BNP ParibasUpgrades
CREEPiper SandlerUpgrades37.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at