JPMorgan raised the firm’s price target on Banc of California (BANC) to $24 from $21 and keeps an Overweight rating on the shares. The firm sees “solid upside potential” for the regional banks in 2026. Tailwinds for the group include additional Federal Reserve rate cuts, loan growth continuing, and the more mergers and acquisitions, the analyst tells investors in a research note.
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Read More on BANC:
- Buy Rating for Banc of California: EPS Growth, Scarcity Value, and Strategic Positioning Drive Positive Outlook
- Banc of California upgraded to Buy from Neutral at Citi
- Banc of California’s Earnings Call Highlights Growth and Optimism
- Banc of California price target raised to $21 from $20 at DA Davidson
- Banc of California price target raised to $21 from $20 at JPMorgan