However, some are optimistic about some bank’s test scores this year. For instance, Deutsche Bank has upgraded Citi shares to buy ahead of stress test results and earnings, noting that the stock could get a boost after experiencing a steep 17% decline from late January given upcoming stress test results and a better business environment, CNBC reports.
Additionally, Goldman Sachs and Wells Fargo remain Deutsche Bank analysts’ top picks. The analysts expect investment banking fees to rise roughly 10% year-on-year and trading to increase about 20% “with strength in FICC” for Goldman Sachs. Meanwhile, Wells Fargo is believed to be “well positioned” for the upcoming CCAR stress test.
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