On Jan 03, major Wall Street analysts update their ratings for $Bank of America (BAC.US)$, with price targets ranging from $53 to $56.
J.P. Morgan analyst Vivek Juneja maintains with a buy rating.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and maintains the target price at $56.
Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $45 to $53.
Wolfe Research analyst Steven Chubak maintains with a buy rating, and adjusts the target price from $46 to $54.
Furthermore, according to the comprehensive report, the opinions of $Bank of America (BAC.US)$'s main analysts recently are as follows:
The equity markets experienced a roughly 2% decline in December, which was largely attributed to adjustments in expectations regarding the timing of interest rate cuts. Additionally, it was noted that there was a continuation of decreased activity levels in investment banking from November following stronger performances in September and October. Despite the cooldown in December, there is an expectation of a vigorous onset of activities in 2025, driven by the anticipated improvements in the investment banking sector, which are seen as inevitable.
Here are the latest investment ratings and price targets for $Bank of America (BAC.US)$ from 4 analysts:
Note:
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