Matt Phillips over at WSJ MarketBeat just posted some analyst takeaways from Bank of America’s TARP repayment announcement.
Here’s Goldman’s take (they are bullish on BAC):
Goldman Sachs: “BAC’s share count is now “set” at around 10 billion shares which should have a positive impact on the market implied discount rate (which we estimate at over 20%). Moreover, BAC will have a 8.5% pro forma Tier 1 common ratio versus 7.5% for the industry. This (hopefully) implies a growing consensus amongst regulators that 8% Tier 1 common is within the right ball park.
For the outlooks on BAC from Credit Suisse, Morgan Stanley and Wells Fargo, click over to the post: