Bank of America Reports Third-Quarter 2016 Financial Results
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October 18, 2016 8:43 AM EDT
Jefferies reiterated a Buy rating and $19.00 price target on Bank of America (NYSE: BAC) following the company's 3Q earnings report. Fees were up 3% Y-Y on better IB, trading, service charges, and "other," flipping three quarters of negative comps.
Analyst Ken Usdin commented,... More
October 18, 2016 7:19 AM EDT
Nomura Securities analyst Steven Chubak reiterated his Buy rating and $19 price target on Bank of America (NYSE: BAC) following strong Q3 results, which he says provides fodder for bulls.
Chubak commented, "BAC reported 3Q EPS of $0.41 (>10% ROTE, ex DTA writedown, DVA loss), above... More
October 17, 2016 6:46 AM EDT
Bank of America (NYSE: BAC) reported Q3 EPS of $0.41, which may not compare with the analyst estimate of $0.33. Revenue was $21.6 billion, versus $20.9 billion expected.
For earnings history and earnings-related data on Bank of America (BAC) click here.
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