For those considering big bank stocks, CNBC Pro takes a look at analyst views — and potential upside — for JPMorgan Chase and Bank of America.
It's not just regional bank shares that have been hit by the recent banking crisis — large-cap bank stocks have also tumbled. But some analysts think the slide is overdone, and retail investors flocked to buy the dip in the biggest, traditional American banks last week. Still, there may be more room to run. JPMorgan was down nearly 6% last week, while Bank of America tumbled 8% over the same period. Citi lost around 8.5%.
UBS also said that the underperformance of Bank of America's stock last week "befuddles," adding: "We think there is an especially compelling opportunity for BAC at these levels, given an already best-in-class deposit base prior to flight-to-quality benefits, solid capital and strong liquidity, and a fortress balance sheet built from a decade plus of "responsible growth" — which should be particularly valuable in a recession .
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