Bank of America executives bullish after profit beat

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Bank of America (BAC) PT Lowered to $46 at BMO Capital

April 19, 2022 7:37 AM EDT

BMO Capital analyst James Fotheringham lowered the price target on Bank of America (NYSE: BAC) to $46.00 (from $48.00) while maintaining a Market Perform rating.

The analyst commented, "Following BACs 1Q22 in-line core result, we lower our estimates by as much as 5% (lower NII... More