Bank of America upgraded to Outperform from Market Perform at FBR Capital FBR Capital upgraded Bank of America to Outperform with a $20 price target citing book value growth following the company's Q3 results. Shares closed yesterday down 28c to $15.48.
SEC takes enforcement action against former Wells officer The SEC announced an enforcement action against a former Wells Fargo Advisors compliance officer who allegedly altered a document before it was provided to the SEC during an investigation. Reference Link
Wells Fargo core results below expectations, says BMO Capital BMO Capital says that Wells Fargo's core Q3 results were weaker than expected. However, the firm was encouraged by the company's loan growth at the end of Q3. It trimmed its price target on the shares to $54 from $55 but keeps an Outperform rating on the stock.