These Analysts Boost Their Forecasts On Bank of America Following Upbeat Q2 Results

Benzinga07-15 20:14

Bank of America (NYSE:BAC) reported better-than-expected earnings for the second quarter on Tuesday.

The company posted quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.13 per share. The company reported quarterly sales of $31.558 billion which beat the analyst consensus estimate of $30.746 billion.

Bank of America shares rose 04% to $60.87 in pre-market trading.

These analysts made changes to their price targets on Bank of America following earnings announcement.

  • Wells Fargo analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $67 to $69.
  • Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $71 to $72.

Considering buying BAC stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment