Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 1.1% over the past six months. This drawdown was disheartening since the S&P 500 gained 4.5%.
Regional banking company BOK Financial (NASDAQ:BOKF) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 10.3% year on year to $502.3 million. Its non-GAAP profit of $1.86 per share was 6.3% below analysts’ consensus estimates.
Analyst upgrades BOKF to Buy from Neutral, raising target price to $124. EPS estimates for 2024 and 2025 increased, with diverse fee income expected to rise.
