Analysts Offer Insights on Financial Companies: Bank of America (NYSE: BAC), Comerica Inc (NYSE: CMA) and Regions Financial (NYSE: RF)

By Carrie Williams

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Bank of America (NYSE: BAC), Comerica Inc (NYSE: CMA) and Regions Financial (NYSE: RF).

Bank of America (NYSE: BAC)

Nomura analyst Steven Chubak assigned a Buy rating to Bank of America (NYSE: BAC) yesterday and set a price target of $26. The company’s shares closed yesterday at $22.71.

According to TipRanks.com, Chubak is a 5-star analyst with an average return of 19.5% and a 69.9% success rate. Chubak covers the Financial sector, focusing on stocks such as Raymond James Financial, Goldman Sachs Group Inc, and Evercore Partners Inc.

Currently, the analyst consensus on Bank of America is Moderate Buy and the average price target is $26.13, representing a 15.1% upside.

In a report issued on April 4, RBC Capital also reiterated a Buy rating on the stock with a $26 price target.
Comerica Inc (NYSE: CMA)

Nomura analyst Bill Carcache assigned a Hold rating to Comerica Inc (NYSE: CMA) yesterday and set a price target of $68. The company’s shares closed yesterday at $67.71.

According to TipRanks.com, Carcache is a 5-star analyst with an average return of 14.0% and a 77.2% success rate. Carcache covers the Financial sector, focusing on stocks such as Discover Financial Services, Huntington Bancshares Inc, and Capital One Financial.

Currently, the analyst consensus on Comerica Inc is Moderate Buy and the average price target is $75.75, representing an 11.9% upside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $76 price target.
Regions Financial (NYSE: RF)

Evercore ISI analyst John Pancari downgraded Regions Financial (NYSE: RF) to Hold today and set a price target of $15. The company’s shares closed yesterday at $13.34.

According to TipRanks.com, Pancari is a 4-star analyst with an average return of 22.6% and a 75.0% success rate. Pancari covers the Financial sector, focusing on stocks such as Discover Financial Services, Huntington Bancshares Inc, and Texas Capital Bancshares.

Currently, the analyst consensus on Regions Financial is Hold and the average price target is $15.33, representing a 14.9% upside.

In a report issued on April 4, RBC Capital also reiterated a Hold rating on the stock with a $15 price target.

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