Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    What's Hot

    Learn to Build a ChatGPT Bot for Only $30

    March 25, 2023

    Cardano’s efforts for scaling seem promising, but is ADA well-guarded

    March 25, 2023

    ‘So infuriating’: TikTokers are fuming over potential ban

    March 25, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    Cryptonounce.com
    Contact
    • Business
      • Deals
      • investors
      • IPO
      • Startups
      • Wall Street
    • Markets
      • Bonds
      • Commodities & Futures
      • Currencies
      • Funds & ETFs
      • Stocks
    • Crypto
      • Alticoins News
      • Binance News
      • Bitcoins News
      • Blockchain News
      • Ethereum News
      • Token Sales News
      • XRP News
    • Technology
      • Artificial Intelligence
      • Big Data
      • Cloud Computing
      • Cybersecurity
      • Gaming
      • Internet of Things
      • Mobile
      • Social Media
      • Transportation
      • VR & AR
    • FinTech
    • Personal finance
    • Grides
      • Crypto
      • FinTech
      • Investing
      • Personal Finance Guides
      • Techonology
    • Tools
      • Coins
      • ICO List
      • Organigations
      • Events
    Cryptonounce.com
    Home » Deutsche Bank cuts JPMorgan, Bank of America to hold from buy
    Markets

    Deutsche Bank cuts JPMorgan, Bank of America to hold from buy

    AdmincryptBy AdmincryptJanuary 6, 2023No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Deutsche Bank analyst Matt O’Connor on Friday downgraded megabank stocks Bank of America Corp.
    BAC,
    +1.07%

    and J.P.Morgan Chase & Co.
    JPM,
    +1.71%

    to hold from buy. Analysts cut the price target on Bank of America to $36 a share from $45 a share and trimmed JPMorgan’s price target to $145 from $155. “It’s tempting to get more positive given stocks are already downsharply, inflation seems to be slowing and Fed rate hikes may be coming to an end,” O’Connor said. “But our gut is that stocks will set new lows and fully (or close to it) price in a U.S. recession suggesting there’s more risk from here.” Deutsche Bank also hiked its rating on PNC Financial Services Group
    PNC,
    +2.03%

    to buy from hold and cut its price target to $190 from $200 and downgraded Truist Financial Corp.
    TFC,
    +2.68%

    to hold from buy and reduced its price target to $48 from $61. In the past 12 months, shares of Bank of America are down 28.7%, JPMorgan stock is lower by 17% and the S&P 500 is off by 17.6%. PNC is down 26.7% in the past 12 months and Truist is down by 29.1%.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleSilvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
    Next Article Futures Business Grows by 1200% and Exceeds 10 Million Users – Sponsored Bitcoin News
    Admincrypt
    • Website

    Related Posts

    The biggest financial crises of the last four decades By Reuters

    March 25, 2023

    Merit Financial Group LLC Buys Shares of 5,590 General Mills, Inc. (NYSE:GIS)

    March 25, 2023

    General Mills, Inc. (NYSE:GIS) Shares Sold by First Hawaiian Bank

    March 25, 2023

    Mississippi tornado and storms kill at least 23

    March 25, 2023

    Leave A Reply Cancel Reply

    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    IPO

    Learn to Build a ChatGPT Bot for Only $30

    By AdmincryptMarch 25, 20230

    Disclosure: Our goal is to feature products and services that we think you’ll find interesting…

    Cardano’s efforts for scaling seem promising, but is ADA well-guarded

    March 25, 2023

    ‘So infuriating’: TikTokers are fuming over potential ban

    March 25, 2023

    The biggest financial crises of the last four decades By Reuters

    March 25, 2023

    Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    NEWS
    • Business
    • Crypto
    • Blockchain
    • Markets
    • Technology
    FEATURED SECTIONS
    • Coins
    • ICO List
    • Organigations
    • Events
    • Grides
    FEATURED LINKS
    • Story of the day
    • Videos
    • Infographics
    CONNECT WITH US
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • Pinterest
    ABOUT US
    • Contact
    • Advertise
    • Sitemap
    Copyright © 2023 Cryptonounce All rights reserved. Cryptonounce.
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?