Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
Citigroup analysts initiated generally bullish coverage of several regional banks on Friday, arguing that much of the sector’s bad news is already baked into their stock prices.
“We believe now is the opportune time to buy regional banks,” wrote Citi analyst Keith Horowitz. “The historical playbook is you don’t want to be early buying the banks before credit costs pick up, but we believe now is a very attractive entry point.” Of the four banks he just initiated coverage on, Horowitz is most bullish on Huntington Bancshares and Zions Bancorp , awarding Buy ratings to both. On Huntington, Horowitz sees shares climbing 15% to $12 apiece. He is more bullish on the bank’s net interest income in 2025 as the bank will benefit from repricing assets then and from hedging its portfolio to deal with higher-for-longer interest rates.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Russia hosts Taliban for talks on regional threats and says it will keep funding AfghanistanThe talks came as Moscow tries to maintain its influence in Central Asia, accusing the West of “complete failure” in the region.
Leer más »
Becky G proudly shows her roots in 'Esquinas,' inspired by regional Mexican musicGrowing up on the border between Mexico and the United States, Becky G spoke English, but sang corridos, boleros and mariachi in Spanish.
Leer más »
Becky G proudly shows her roots in 'Esquinas,' inspired by regional Mexican musicGrowing up on the border between Mexico and the United States, Becky G spoke English, but sang corridos, boleros and mariachi in Spanish.
Leer más »
Becky G proudly shows her roots in 'Esquinas,' inspired by regional Mexican musicGrowing up on the border between Mexico and the United States, Becky G spoke English, but sang corridos, boleros and mariachi in Spanish.
Leer más »
‘Police playground:’ Opposition grows to $44 million regional training facility and HQ in San PabloProtestors push back on further “militarization” of San Pablo police, plan to rally near the project site at 3 p.m. Saturday
Leer más »
Becky G proudly shows her roots in 'Esquinas,' inspired by regional Mexican musicGrowing up on the border between Mexico and the United States, Becky G spoke English, but sang corridos, boleros and mariachi in Spanish.
Leer más »