Morgan Stanley Boosts Numbers on a Host of Big Banks (BAC) (C) (GS) (JPM)

March 19, 2012 11:20 AM EDT
Get Alerts BAC Hot Sheet
Price: $61.69 -0.27%

Rating Summary:
    26 Buy, 18 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Bank stocks are a little stronger Monday morning following raised estimates and price targets from analysts at Morgan Stanley.

Analyst Betsy Graseck said, "risk on trade buoys flows and positive marks driving up our 2012 EPS estimates by median 14 percent." However, the firm held off upgrading any of the banks.

  • Bank of America (NYSE: BAC) price target raised from $7 to $9. Q1 EPS raised to $0.03, FY12 EPS from $0.40 to $0.47. Maintains Equal Weight.

  • Citigroup (NYSE: C) price target raised from $30 to $42. Q1 EPS raised to $0.88. FY12 EPS rasied to $3.67. Maintains Equal Weight.

  • Goldman Sachs (NYSE: GS) price target raised from from $112 to $125. Q1 EPS raised from $3.25. FY12 EPS raised to $11.10. Maintains Equal Weight.

  • JPMorgan (NYSE: JPM) price target raised from $45 to $60. Q1 EPS raised to $1.22. FY12 EPS raised to $4.88. Maintains Overweight.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

JPMorgan, Citi, Morgan Stanley