Citrini Research Bets on a ‘Treasury Twist’: Why the 30-Year Bond Could Rally
Citrini Research predicts a Treasury twist in the market, with banks replacing the Fed as buyers of government debt, leading to a potential short squeeze on 30-year bonds.
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Banc of California Q2 Adj. EPS $(1.61) Misses $0.39 Estimate, Sales $250.510M Miss $275.774M Estimate
Banc of California (NYSE:BANC) reported quarterly losses of $(1.61) per share which missed the analyst consensus estimate of $0.39 by 512.82 percent. This is a 619.35 percent decrease over earnings of $0.31 per share
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Barclays Maintains Overweight on Banc of California, Lowers Price Target to $22
Barclays analyst Jared Shaw maintains Banc of California (NYSE:BANC) with a Overweight and lowers the price target from $23 to $22.
Citigroup Maintains Buy on Banc of California, Lowers Price Target to $22
Citigroup analyst Benjamin Gerlinger maintains Banc of California (NYSE:BANC) with a Buy and lowers the price target from $23.5 to $22.
Banc of California shares are trading lower after the company reported worse-than-expected Q2 financial results.