TD Cowen raised the firm’s price target on Bank of America (BAC) to $61 from $59 and keeps a Buy rating on the shares. The firm said they delivered a textbook quarter with core EPS of $1.06, with a broad-based earnings beat and positive NII guidance update. The bank emphasized stable 4Q expenses, underscoring continued efficiency tailwinds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Bank of America price target raised to $57 from $55 at Evercore ISI
- Bank of America price target raised to $55 from $50 at Piper Sandler
- Bank of America price target raised to $62 from $58 at Citi
- Wall Street Hunts for Consumer Clarity as Data Gets Delayed. Here’s What Banks Are Seeing.
- Bank of America price target raised to $59 from $54 at Barclays