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瑞銀稱，美國銀行第一季業績或將支撐其評級重估

-- 美國銀行 (BAC) 公佈的第一季每股收益為 1.11 美元，高於市場普遍預期的 1.02 美元和瑞銀 (UBS) 的 1.03 美元。瑞銀表示，這項業績可能支持重新評級，但即將發布的財報電話會議和績效指引對於能否持續超預期表現至關重要。 該行公佈的存款成本為 1.99%，比市場普遍預期高出 7 個基點。瑞銀證券指出，這一點至關重要，因為富國銀行 (WFC) 在該方面表現不佳，而美國銀行採取差異化的存款利率策略可能成為其業績突破的催化劑。 報告指出，投資銀行業務費用為 18.4 億美元，與市場普遍預期相符，但並未像高盛 (GS) 和摩根大通 (JPM) 那樣出現「超預期」的情況。諮詢、股票資本市場和債券資本市場業務的收入均與預期一致。 瑞銀在周三的報告中指出，美國銀行第一季撥備前淨收入超出預期4%，雖然可能不如花旗集團(C)、摩根大通和高盛那樣引人注目，但對於一家估值相對合理的公司而言，這一業績仍然意義重大。尤其值得一提的是，該公司支出符合預期，且年比營運槓桿率提高了290個基點。 瑞銀表示，該行的業績指引「對股價表現至關重要」。 瑞銀維持對美國銀行的「買入」評級，目標價為62美元。

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

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