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Macquarie Starts JPMorgan (JPM), Wells Fargo (WFC), Bank of NY Mellon (BK), State Street (STT) at Outperform, Northern Trust (NTRS) at Neutral

April 5, 2011 9:44 AM EDT Send to a Friend
Get Alerts JPM Hot Sheet
Price: $59.45 +0.49%

Rating Summary:
    18 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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Macquarie's John Moran initiated coverage on a number of Banking stocks Tuesday morning:
  • JPMorgan (NYSE: JPM) with an Outperform rating and a $58 price target
  • Wells Fargo (NYSE: WFC) with an Outperform rating and a $40 price target
  • Bank of New York Mellon (NYSE: BK) with an Outperform rating and a $34 price target
  • State Street (NYSE: STT) with an Outperform rating and a $56 price target
  • Northern Trust (Nasdaq: NTRS) with a Neutral rating and a $56 price target
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