Piper Sandler raised the firm’s price target on Bank of America (BAC) to $56 from $55 and keeps a Neutral rating on the shares after the company spoke at an industry conference. Customers overall remain strong, as does consumer spending, the firm notes. On FY25 guidance, the CFO reiterated Q4 net interest income, though Q4 expenses could come in higher than Piper had anticipated previously.
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