Bank of America Tops Major U.S. Banks in Quant Stock Ratings
Photo: TokenPost
Bank of America topped major U.S. banks in a quantitative stock-rating system, leading peers on a mix of financial and market measures despite a regulatory settlement charge affecting its latest earnings. The system compares banks on value, growth, profitability, earnings-per-share revisions and price momentum relative to sector peers. Wells Fargo and JPMorgan Chase had revenue and earnings misses that weighed on their ratings. Citigroup, Goldman Sachs and Morgan Stanley improved their standings after stronger results in some business lines, although other areas remained weak. Third-quarter performance across the major U.S. banks was mixed.
Source: TokenPost
