Why Wall Street Wrong On Bank StocksRupert Hargreaves
Wall Street loves universal banks stocks.
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According to Bloomberg, 33 analysts have 130 recommendations outstanding on the big four universal banks, Wells Fargo, Bank of America, Citigroup and JPM Chase. 61.5% of these recommendations are buys, 33.8% holds, and 4.6% sells.
However, while Wall Street might love universal banks, investors do not. Over the past 17 months, these stocks are basically unchanged.
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