Equity Analysis /
United States of America

US : BOK Financial Corporation - BOKF | 4Q20 Follow-Up: Increasing Estimates; Maintain Market Perform

    Contributors
    Joseph Yanchunis
    Carl-Harry Doirin
    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We maintain our Market Perform rating on BOKF shares following 4Q20 results that exceeded our forecasts/consensus on a core basis. All in, results were mixed where a net reserve release and lower core expenses mitigated the impact of modestly softer than forecast core revenue. Despite noise from a