Bank of America Reports Second Quarter 2024 Financial Results

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

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

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

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

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

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.

The bank's revenue, net... More

Bank of America (BAC) Tops Q2 EPS by 3c, Beats on Revenue

Bank of America (NYSE: BAC) reported Q2 EPS of $0.83, $0.03 better than the analyst estimate of $0.80. Revenue for the quarter came in at $25.4 billion versus the consensus estimate of $25.24 billion.

For earnings history and earnings-related data on Bank of America (BAC) click here.