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Bank Of America Inflection To Continue Into Q4; Analysts Provide Takeaways From Q3 Results

Benzinga ·  00:05

Bank of America Corp (NYSE:BAC)Tuesday reported upbeat earnings for its third quarter.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

  • Oppenheimer analyst Chris Kotowski reiterated an Outperform rating, while raising the price target from $49 to $50.
  • RBC Capital Markets analyst Gerard Cassidy maintained an Outperform rating and price target of $46.
  • Goldman Sachs analyst Richard Ramsden reaffirmed a Buy rating and price target of $48.
  • KeyBanc Capital Markets analyst Alex Markgraff looked at credit card volume and determined that current spend behavior reflects normalization/stability.

Check out other analyst stock ratings.

Oppenheimer: Bank...

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