Bank of America (BAC) Tops Q1 EPS by $0.07, Beats on Revenue

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Go back to Bank of America (BAC) Tops Q1 EPS by $0.07, Beats on Revenue

Wells Fargo on Bank of America (BAC): 'A turn in NII should lead to positive operating leverage...'

April 17, 2024 11:01 AM EDT

Wells Fargo analyst Mike Mayo reiterated an Overweight rating and $44.00 price target on Bank of America (NYSE: BAC).

The analyst comments "Headwinds now closer to tailwinds. BAC now expects NII (which beat) to inflect post 2Q24 given deposit pressure easing, better... More

Bank of America (BAC) PT Raised to $37 at BMO Capital

April 17, 2024 8:10 AM EDT

BMO Capital analyst James Fotheringham raised the price target on Bank of America (NYSE: BAC) to $37.00 (from $36.00) while maintaining a Market Perform rating.

The analyst comments "Following BAC's 1Q24 top-line beat, we raise estimates by +3%; higher than previously modeled non-interest income (ECM, advisory,... More

Bank of America meets earnings estimates, beats revenue expectations in Q1 2024

April 16, 2024 7:00 AM EDT

Shares of Bank of America (NYSE: BAC) reported earnings and revenue results for the fiscal Q1 2024 earnings that exceeded Wall Street estimates.

The bank shares fell slightly by 0.6% in premarket trading Tuesday.

BofA reported quarterly earnings per share (EPS) of $0.83, beating the... More