-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：在消化了2026年第一季度的收益后，鉴于监管环境的改善和令人振奋的增长前景，我们将RF的12个月目标股价上调1美元至37美元，相当于我们2027年每股收益预期值的12.5倍，高于RF五年平均远期市盈率9.7倍。我们将2026年每股收益预期上调0.02美元至2.67美元，并将2027年每股收益预期上调0.07美元至2.95美元。我们对第一季度的业绩略感失望，因为净利息收入和非利息收入均出现下滑。然而，RF是一家运营良好的银行，成功降低了成本，尽管业绩疲软，但仍实现了正向经营杠杆。信贷质量显示出令人鼓舞的迹象，该行18.3%的资本回报率(ROTCE)仍然优于同行，许多同行预计至少三年内无法达到这一水平。仍有显著的上涨空间。我们认为，RF目前的CET1比率为10.7%，远高于疫情前的水平，这一估值较为保守。鉴于巴塞尔协议III拟议的修订预计将使风险加权资产减少10%，RF有望加快向股东返还资本的速度。
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