Bank of America (BAC) July 41.50 and 42 calls active into quarter results

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Bank of America (BAC) PT Raised to $46 at Evercore ISI

July 17, 2024 5:00 AM EDT

Evercore ISI analyst Glenn Schorr raised the price target on Bank of America (NYSE: BAC) to $46.00 (from $43.00) while maintaining a Outperform rating.

The analyst comments "Shares of BAC popped over 5% as investors got a better feel for how NII could expand in 2025 plus some... More

Bank of America (BAC) PT Raised to $46 at RBC Capital

July 16, 2024 4:34 PM EDT

RBC Capital analyst Gerard Cassidy raised the price target on Bank of America (NYSE: BAC) to $46.00 (from $39.00) while maintaining a Outperform rating.

The analyst comments "BAC's diversified business model continues to demonstrate its ability to navigate through uncertain times. Its core business of... More

Bank of America (BAC) PT Raised to $48 at Argus

July 16, 2024 2:30 PM EDT

Argus analyst Stephen Biggar raised the price target on Bank of America (NYSE: BAC) to $48.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "Raising target to $48 as investment banking recovery continues On July 16, the company reported 2Q24 earnings of $0.83 per share,... More

CFRA Downgrades Bank of America (BAC) to Sell

July 16, 2024 11:09 AM EDT

CFRA analyst Kenneth Leon downgraded Bank of America (NYSE: BAC) from Hold to Sell with a price target of $39.00 (from $38.00).

The analyst comments "We raise our target $1 to $39, on a forward P/E of 11.5x our 2025 earnings estimate, in line with the three-year historic average and a... More

Bank of America (BAC) posts earnings beat as global markets business revenue growth continues

July 16, 2024 7:03 AM EDT

Bank of America (NYSE: BAC) reported a slight earnings and revenue beat for the second quarter, with earnings per share (EPS) of $0.83, surpassing the analyst estimate of $0.80.

The company's revenue for the quarter also exceeded expectations, coming in at $25.4 billion against the consensus estimate of $25.24 billion.

Despite the positive results, net income fell to $6.9 billion from $7.4 billion in the same quarter last year, a decrease attributed to higher deposit costs and increased provisions for credit losses.