NEW YORK (TheStreet) -- Shares of Bank of America (BAC) - Get Report are falling 0.21% to $14.60 this afternoon despite a bullish note from analysts at Deutsche Bank saying the company is a better bet than competitor JPMorgan (JPM).
Despite the fact that JPMorgan stock has "outperformed" Bank of America's, Deutsche Bank said Bank of America is "better positioned given more cost saves, less consumer credit risk and shares at a wide discount to JPMorgan."
"Credit concerns have been rising for the industry overall related to credit card, auto and multi-family lending," the firm said. Risk is lower for Bank of America, however, because the company has higher FICO customers than JPMorgan.
JPMorgan stock is trading higher, but "if Bank of America can deliver on its cost targets, we see potential for this discount to narrow," Deutsche Bank added.
Also, Bank of America recently released its 2016 second quarter earnings report, recording adjusted earnings of 36 cents per share and revenue of $22.35 billion. Analysts were looking for earnings of 33 cents per share and $20.41 billion in revenue.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: BAC