Bank of America profit hurt by losses on credit cards, office loans
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Wells Fargo on Bank of America (BAC): 'A turn in NII should lead to positive operating leverage...'
April 17, 2024 11:01 AM EDTWells 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 EDTBMO 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
