Credit Suisse Maintains Bullish Bank of America (BAC) View Amid YTD Underperformane

Credit Suisse analyst S. Roth Katzke reiterated an Outperform rating and $20 price target on Bank of America (NYSE: BAC) after reevaluating their bullish stance amid the year-to-date underperformance.

Bottom-line, Katzke said they believe the franchise can: 1) grow revenues, 2) become materially more efficient, and 3) return more to shareholders, increasing both ROTE and capital payouts, over time.

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 $17.59 yesterday.

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