** J.P. Morgan says it prefers global systemically important banks (G-SIB) amid uncertainty on the impact of tariffs on markets and loan growth
** Flags fallout on investment banking, consumer spending, and loan growth plus wealth management
** "With this uncertain outlook, we are cautious on bank stocks and we prefer GSIBs to regionals overall, especially those with more offset from trading and prefer higher quality banks," says brokerage
** Says Bank of America BAC.N should be better positioned than peers because of its lower credit risk
** Adds Citigroup C.N and Wells Fargo WFC.N have greater credit risk in the medium term than peers
** "Citizens Financial CFG.N and Truist TFC.N are also likely to be hurt near-term relatively more than peers due to greater focus on growth from investment banking and wealth management" - brokerage
** As of last close, BAC shares down ~4.8% YTD, C up ~2%, WFC up ~2.9%, CFG down ~4.8%, and TFC down 4.2%
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。