Matt O'Connor

Down more than 15 percent since peaking in late January, shares of Citigroup Inc (NYSE: C) should now be bought, according to Deutsche Bank. The Analyst Deutsche Bank's Matt O'Connor upgraded Citigroup from Hold to Buy with a price target lifted from $74 to $76. The Thesis Citi's stock...

The calendar-year third-quarter reporting season is on us, with banks being the major industry group to report earnings ahead of the rest. Some high-profile names such as JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc (NYSE: C), Bank of America Corp (NYSE: BAC) and Wells Fargo & Co...

After a big post-election surge in 2016, bank stocks have mostly lagged the market so far in 2017. In a new note Monday, Deutsche Bank analyst Matt O’Connor said things will only get worse for banks from here. According to O’Connor, additional Fed rate hikes will flatten the yield curve...

In less than two weeks, big bank investors will get their first glimpse into the type of impact that the Federal Reserve’s 0.25 percent December interest rate hike had on bank bottom lines. Deutsche Bank analyst Matt O’Connor has upgraded Morgan Stanley (NYSE: MS) to Buy ahead of Q1...

Deutsche Bank raised estimates and price targets on big U.S. banks, as it expects 25–30 percent of EPS upside from stronger economic growth should drive better loan growth and fee revenues, while higher interest rates should aid net interest margins. The sector should also benefit from less...

Deutsche Bank’s Matt O'Connor believes Goldman Sachs Group Inc (NYSE: GS) is “well positioned for a stronger macro environment given revenue upside, good cost control and a valuation below peers.” O'Connor upgraded the rating on the company from Hold to Buy, while raising the...

Wells Fargo & Co (NYSE: WFC) was recently pulled up by regulatory agencies for allegedly opening fake savings and credit accounts without customers' volition. The misconduct was done apparently to meet an employee sales goals program the company ran, which was necessary for determining...

Wells Fargo & Co (NYSE: WFC) shares have declined 8 percent, underperforming the BKX by 670 bps, following the details of the company’s “sales tactics” being revealed. Deutsche Bank’s Matt O'Connor maintains a Buy rating on the company, while lowering the price target...

Deutsche Bank said KeyCorp (NYSE: KEY) management seems increasingly confident in achieving both expense savings and revenue synergies on its pending merger deal with First Niagara Financial Group Inc. (NASDAQ: FNFG). But, Deutsche Bank highlighted its three key concerns on the deal. The brokerage...

Deutsche Bank’s Matt O'Connor maintained a Buy rating for JPMorgan Chase & Co. (NYSE: JPM), with a price target of $70. The analyst mentioned the key focus areas as : How much would revenue miss expectations, if the economy and markets remain weak? Management has projected $2...

In a new report, Deutsche Bank analyst Matt O’Connor discussed what the recent selloff in bank stocks means in terms of market expectations for 2016 bank earnings. O’Connor believes significant earnings downside has already been priced into bank stocks. Deutsche Bank’s analysis...

Matt O'Connor of Deutsche Bank offered investors three names within the U.S. banking space to invest in following the recent pullback in bank stocks. O'Connor noted that bank stocks are down 13 percent since their highs in late July and have underperformed the 9 percent decline in the S&P 500...