Analysts Cut Bank of America (BAC) Price Targets While Staying Bullish

Despite this, Bank of America Corporation (NYSE:BAC) shares fell aft the results. TD Cowen said the diminution was mostly linked to the company’s near-term operating leverage guidance of astir 200 ground points for fiscal twelvemonth 2026. This fig is present astatine the little extremity of the company’s medium-term people scope of 200 to 300 ground points. TD Cowen expert Steven Alexopoulos pointed retired that Bank of America Corporation’s (NYSE:BAC) gross maturation outlook is inactive mostly intact.

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On January 15, Keefe, Bruyette & Woods reduced its terms people connected Bank of America Corporation (NYSE:BAC) from $64 to $63 and kept an Outperform rating.

Also connected January 15, Truist Securities chopped its terms people connected Bank of America Corporation (NYSE:BAC) from $62 to $60 and maintained its Buy rating. This alteration reflects tiny updates to the firm’s proviso assumptions and expectations for a slower gait of stock buybacks by Bank of America Corporation (NYSE:BAC).

Bank of America Corporation (NYSE:BAC) is simply a planetary banking and fiscal services corp that offers banking, investing, plus management, and different fiscal and hazard absorption products and services to idiosyncratic consumers, tiny and middle-market businesses, and ample corporations.

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