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Wells Fargo, Bank of America draw price target hikes on bullish loan data

Wells Fargo, Bank of America draw price target hikes on bullish loan data

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JPMorgan Chase analyst Vivek Juneja on Thursday lifted price targets on Wells Fargo & Co. WFC, -0.87% and Bank of America BAC, -1.69% after bullish Fed data on loans. “Banks should start 2022 on a good note because of a sharp surge in commercial and industrial (C&I) loan growth in late 4Q,” Juneja said in a note to clients.

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