Lates News

Mike Mayo, an analyst at Wells Fargo, stated last month that as long as there is no economic recession, he remains bullish on U.S. bank stocks. Baird, on the other hand, downgraded the ratings of JPMorgan Chase and Bank of America due to valuation considerations. Meanwhile, Martinez, an analyst at HSBC, holds a more positive view on "super regional banks." He pointed out that despite the rise in stock prices of banks like Bank of America, PNC Financial Services Group Inc., and Truist Financial Corporation, their valuations are more attractive, hence all given a buy rating.