Morgan Stanley beats forecasts, girds for more cost cuts
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January 21, 2016 10:26 AM EST
UBS maintained a Neutral rating on Goldman Sachs (NYSE: GS), and cut the price target to $165.00 (from $190.00), following the company's 4Q. Given balance sheet management, GS estimates its Method 2 GSIB surcharge declined to 2.5%, which came at little financial impact.
Analyst Brennan Hawken... More
January 20, 2016 9:06 AM EST
UBS maintained a Buy rating on Bank of America (NYSE: BAC), and cut the price target to $18.00 (from $20.00), as shares underperform following 4Q earnings. UBS says that the weakness is due to concerns around the company's energy exposure, specifically its "higher risk" subsectors. Management remains confident that core expenses will run just under $13 billion per quarter in a... More
January 20, 2016 7:05 AM EST
FBR Capital reiterated an Outperform rating and $20.00 price target on Bank of America (NYSE: BAC) following the company's 4Q earnings report. BAC's results were weighed on by U.K. tax charges, FAS 91, and ongoing litigation costs. Reported GAAP EPS of $0.28 and estimated... More
