Regional Bank Analyst Slashes Price Targets Across The Board: 'Interest Rates Pose Significant Risk'
Regional Bank Analyst Slashes Price Targets Across The Board: 'Interest Rates Pose Significant Risk'
The SPDR S&P 500 ETF Trust (NYSE:SPY) stabilized Monday, but extreme volatility among U.S. regional banks is ongoing in the wake of the failures of SVB Financial Group (NASDAQ:SIVB), Signature Bank (NASDAQ:SBNY) and Silvergate Capital Corp (NYSE:SI).
該 標普 500 ETF 信託基金 紐約證券交易所代碼：SPY）週一穩定，但美國地區銀行之間的極端波動正在進行中 SVB 金融集團 (納斯達克:星), 簽名銀行 (納斯達克:SSBNY) 和 銀門資本 (紐約證券交易所:SI).
While bank stock investors are hoping the worst of the contagion fears are now over, Bank of America analyst Ebrahim Poonawala cut his price targets for a number of bank stocks and said the environment for regional banks will be difficult for the foreseeable future.
儘管銀行股票投資者希望現在最嚴重的傳染恐懼已經結束，但美國銀行分析師 Ebrahim Poonawala 削減了多家銀行股票的價格目標，並表示在可預見的未來，區域銀行的環境將很困難。
Related Link: How Have Bank Failures Impacted The Outlook For Interest Rates?
相關連結：銀行倒閉如何影響利率前景？
Key Price Target Cuts: Poonawala cut his price target for two dozen bank stocks, including several Underperperform-rated stocks. Among his Underperform-rated names, Poonawala cut his price target for Ally Financial Inc (NYSE:ALLY) from $28 to $25, his target for PNC Financial Services Group Inc (NYSE:PNC) from $150 to $132, for Zions Bancorporation NA (NASDAQ:ZION) from $50 to $38 and for First Hawaiian Inc (NASDAQ:FHB) from $24 to $21.
主要目標價格削減： Poonawala 削減了他的目標價格為二十多個銀行股票, 包括幾個表現不佳的股票.在他表現低下的名字中，Poonawala 削減了他的目標價格 盟友金融公司 紐約證券交易所代碼：盟友）從 28 美元到 25 美元，他的目標是 PNC 金融服務集團公司 紐約證券交易所代碼：中國人民幣）從 150 美元至 132 美元不等，適用於 錫安銀行股份有限公司 NA （納斯達克：錫安）從 50 美元到 38 美元，為 第一夏威夷公司 納斯達克：食物及衞生局）由 24 元增至 21 元。
Poonawala also cut targets for other bank stocks that he sees as potential buying opportunities for investors. Among Buy-rated stocks, Poonwala cut his price target for KeyCorp (NYSE:KEY) from $20 to $17, for New York Community Bancorp, Inc. (NYSE:NYCB) from $11 to $8, for Fifth Third Bancorp (NASDAQ:FITB) from $38 to $34 and for Citizens Financial Group Inc (NYSE:CFG) from $47 to $39.
Poonawala 還削減了他認為是投資者潛在購買機會的其他銀行股票的目標。在買入評級股票中，龐瓦拉削減了他的目標價格 金鑰科技 紐約證券交易所代碼：關鍵）從 20 美元到 17 美元 紐約社區銀行股份有限公司 (紐約證交所代碼:紐約商行) 從 11 美元到 8 美元不等 第五三 （納斯達克：菲特）從 38 美元到 34 美元， 公民金融集團 紐約證券交易所代碼：CFG）由 47 美元增至 39 美元。
Why It Matters: In the coverage note, Poonawala said bank stocks may bounce at some point on policy headlines or macroeconomic data, but the relief rally won't change the difficult environment.
為什麼它很重要： 在報導說明中，Poonawala 表示，在政策頭條新聞或宏觀經濟數據上，銀行股票可能會在某個時候反彈，但救濟反彈不會改變困難的環境。
"Our cautious view on the sector is informed by our opinion that higher-for-longer interest rates pose significant risk to the outlook for bank EPS in the form of increased pressure on net interest margins, slowing loan growth and worsening credit quality," Poonawala said.
Poonawala 表示：「我們對該行業的審慎觀點得到認為，更高的利率對銀行每股收益的前景構成了重大風險，這是淨利率壓力增加，放緩貸款增長和信貸質量惡化的形式。」
He prefers investors looking for banking industry exposure rotate out of regional banks and into diversified mega-cap banks.
他更喜歡尋求銀行業風險的投資者，從區域銀行轉移到多元化的大型市值銀行。
Benzinga's Take: Investors can take Poonawala's advice and set up a banking pair trade by going long the Financial Select Sector SPDR Fund (NYSE:XLF) to maintain diversified exposure to large-cap banks and pairing it with a short position in regional banking ETFs Invesco KBW Bank ETF (NASDAQ:KBWB) or SPDR S&P Regional Banking ETF (NYSE:KRE).
賓辛加的採取: 投資者可以通過做長來接受 Poonawala 的建議並建立銀行對交易 金融精選行業 SPDR 基金 (NYSE: XLF) 將維持對大型股銀行的多元化敞口，並將其與區域銀行 ETF 的空頭頭寸配對 景順 KBW 銀行 ETF (納斯達克:KBWB) 或 SPDR 標普區域銀行 ETF (紐約證券交易所:千里).
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譯文內容由第三人軟體翻譯。