BofA profit beats expectation on robust investment banking, trading
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Bank of America (BAC) PT Raised to $46 at Evercore ISI
July 17, 2024 5:00 AM EDTEvercore 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 EDTRBC 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 EDTArgus 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 EDTCFRA 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 EDTBank 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
