Bank of America (BAC) CEO maintains NII guidance - Truist Securities

Truist Securities analyst John McDonald reiterated a Buy rating and $51.00 price target on Bank of America (NYSE: BAC) after CEO Brian Moynihan's presentation.

The analyst commented, "Bank of America's CEO Brian Moynihan maintained NII guidance for 6-7% YoY growth in 2025 with a 4Q25 exit rate of $15.5-15.7b at an industry conference this morning. He also provided new guidance for 2Q trading revenues (mid-to-high single digit growth YoY) and 2Q investment banking fees (~$1.2b). The maintained NII guidance is in-line with current consensus, while the trading update is in-line to a touch below depending on where it lands within the guidance range, and investment banking is lower than estimates by ~$300m (~ $1.2b guide vs. ~$1.5b consensus)"

For an analyst ratings summary and ratings history on Bank of America click here. For more ratings news on Bank of America click here.

Shares of Bank of America closed at $45.09 yesterday.

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