Bank of America received upgrades to Buy from both HSBC and UBS, driven by a favorable higher-for-longer interest rate environment. HSBC's Saul Martinez highlighted the positive earnings outlook due to the rate backdrop, investment banking conditions, and regulatory easing. Additionally, Truist Financial was also upgraded to Buy by Truist.
HSBC analysts have downgraded Goldman Sachs and Morgan Stanley to "hold" from "outperform," citing an "unattractive risk reward profile" following a recent bank rally. They caution that while investment banking fees may rise, current market expectations are overly optimistic, leaving potential for disappointment.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.