BAC Bank of America target climbed to $61.77 from $61.52 today as consensus tightened. The $501B lender held 23 sell ratings yet grabbed modest price upgrades. Zero buy recommendations persisted showing persistent skepticism.
MS Morgan Stanley target rose to $192.00 from $191.76 on fresh analyst reviews. The $212B investment bank drew 14 hold ratings and 10 sells. Just one buy recommendation remained active.
PNC PNC Financial target jumped to $249.48 from $249.28 as regional banks attracted attention. The $80B Pittsburgh lender held 16 sell ratings against six holds. MTB M&T Bank climbed to $232.66 from $231.50 consensus.
FT reported Wall Street banks broke records as Iran war drove trading boom. JPMorgan Chase, Citigroup and Wells Fargo posted over $25B in Q1 profits combined. Trading revenues surged on oil volatility and currency swings.
Technology infrastructure names grabbed upgrades. DELL Dell Technologies target edged to $174.21 from $173.38 showing quiet momentum. HPE Hewlett Packard Enterprise and NetApp both saw modest consensus increases.
Financials dominated analyst activity as war volatility fueled trading desk strength.
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