Financial Wire

UBSは、バンク・オブ・アメリカの第1四半期決算が格上げを後押しする可能性があると述べている。

-- バンク・オブ・アメリカ(BAC)は、第1四半期の1株当たり利益(EPS)が1.11ドルとなり、市場予想の1.02ドル、UBSの予想1.03ドルを上回ったと発表した。UBSは、この結果が株価の再評価を後押しする可能性があるとしながらも、今後の決算発表とガイダンスが、持続的な好業績の鍵となるだろうと指摘した。 同行の預金コストは1.99%で、市場予想を7ベーシスポイント上回った。UBS証券は、ウェルズ・ファーゴ(WFC)がこの点において市場予想を下回ったことを踏まえ、バンク・オブ・アメリカにとって預金金利の差別化戦略がブレイクアウトの起爆剤となる可能性があると指摘した。 投資銀行業務の手数料収入は18億4000万ドルで、市場予想とほぼ一致した。ゴールドマン・サックス(GS)やJPモルガン(JPM)に見られたような市場予想を上回る「超過要因」はなかった。アドバイザリー、エクイティ・キャピタル・マーケット、デット・キャピタル・マーケットの各部門も市場予想とほぼ一致した、とUBSはレポートで述べている。 証券会社UBSは水曜日のレポートで、第1四半期の引当金控除前純収益が4%上回ったことは、シティグループ(C)、JPモルガン、ゴールドマン・サックスほど注目に値するものではないかもしれないと述べた。しかし、割安な株価水準にある同社株にとっては意義深い。特に、経費がガイダンス通りに減少し、営業レバレッジが前年同期比で290ベーシスポイント向上したことを考えると、なおさらである。 UBSは、同行のガイダンスは「株価パフォーマンスにとって極めて重要」だと述べた。 UBSはバンク・オブ・アメリカ株を「買い」とし、目標株価を62ドルとしている。

Price: $53.75, Change: $-0.57, Percent Change: -1.05%

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