- "Stay the course," on the large-cap banks, says Wells Fargo (NYSE:WFC)'s Mike Mayo, as lower taxes, higher interest rates, and lower cost of capital add up to a bullish outlook.
- He lifts price targets on 18 lenders.
- Bank of America (NYSE:BAC) to $35 from $30, JPMorgan (NYSE:JPM) to $120 from $115, Citigroup (NYSE:C) to $95 from $90, Goldman Sachs (NYSE:GS) to $295 from $265, Morgan Stanley (NYSE:MS) to $55 from $48, Keycorp (NYSE:KEY) to $20 from $19, Fifth Third (NASDAQ:FITB) to $31 from $27, U.S. Bancorp (NYSE:USB) to $58 from $56, Regions Financial (NYSE:RF) to $18 from $16, PNC Financial (NYSE:PNC) to $149 from $135, M&T Bank (NYSE:MTB) to $180 from $170, BNY Mellon (NYSE:BK) to $57 from $55, BB&T (NYSE:BBT) to $51 from $44, Northern Trust (NASDAQ:NTRS) to $105 from $95, Comerica (NYSE:CMA) to $88 from $73, SunTrust (NYSE:STI) to $72 from $70, Zions (NASDAQ:ZION) to $60 from $56.
- Previously: House passes bill aimed at SIFI reform (Dec. 20)
- Now read: Can Fifth Third Grasp All That It's Reaching For?
Original article