Bank of America (BAC) Reportedly Defended at Citi
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/11/2026
- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil prices steady as investors weigh US-Iran war escalation
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Alibaba falls on China AI capex report; Citi says selloff is premature
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
UPDATE: UBS Downgrades Bank of America (BAC) to Neutral on Risk of Qualitative Failure
February 27, 2015 6:38 AM EST(Updated - February 27, 2015 1:42 PM EST)
UBS downgraded Bank of America (NYSE: BAC) from Buy to Neutral with a price target of $16 (from $20). Analyst Brennan Hawken pointed to missteps in the capital planning process. 2015/2016 EPS estimates were lowered by 5c/15c to $1.20/$1.60 due to removal of our previous buyback assumptions and higher expenses.
"Much as the Banamex/Oceanographia fraud foreshadowed Citi's qualitative fail in last year's CCAR, we are concerned that the mandated... More
