Bank of America, Pinterest, Chipotle rise premarket; Morgan Stanley falls
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Credit Suisse Mixed on Bank of America (BAC), 'we continue to anticipate a mild recession'
July 18, 2023 4:52 PM EDTCredit Suisse analyst Susan Roth Katzke reiterated an Outperform rating and $42.00 price target on Bank of America (NYSE: BAC).
The analyst comments "Earlier today Bank of America reported second quarter earnings of $0.88 per shareabove CS at $0.85 and the FactSet consensus at $0.84. Upside relative to our forecast was revenuedriven; credit costs were manageable and lower than forecast (less LLR build,... More
Morgan Stanley (MS) revenue boosted by wealth management division
July 18, 2023 8:34 AM EDTMorgan Stanley (NYSE: MS) shares have edged lower premarket despite topping earnings and revenue expectations in the second quarter.
The bank reported earnings per share of $1.24, $0.01 better than the analyst estimate of $1.23, but down from $1.39 in the same period last year.... More
