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How Wall Street Analysts View Major US Banks after 2Q17

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Bank of America and Citigroup

Among the major US banks (IYF), Bank of America (BAC) has the highest percentage of analysts offering “buy” ratings. Of the 30 analysts covering Bank of America, 22 analysts (~73%) gave it “buy” or “strong buy” ratings in August 2017. Seven analysts gave the stock a “hold,” and one analyst rated it a “sell.” The stock carries a price target of $27.00 with an upside of 10.3%.

Citigroup (C) follows with the second-highest percentage of analysts recommending “buy” ratings. Seventeen of the 28 analysts (~60.7%) gave the stock “buy” or “strong buy” ratings during the same period. Nine analysts gave it “hold” ratings, and two analysts gave it “underperform” or “sell” ratings. The stock has a mean price target of $72.40 per share, implying a 6.5% rise from its current level.

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JPMorgan Chase and Wells Fargo

Following BAC and Citigroup, JPMorgan Chase has 14 of the 27 analysts (~52%) giving the bank “buy” or “strong buy” ratings. Twelve analysts rated it a “hold,” and one rated it a “sell.” The stock has a price target of $95.17, with implied growth of 3.2%.

Wells Fargo (WFC) has less than 50% of analysts—12 out of 29—providing the bank with “buy” or “strong buy” ratings. 12 analysts gave it a “hold” rating, and five gave it “underperform” or “sell” ratings. It commands a target of $57.73, with implied growth of 9.2%.

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