On Oct 16, major Wall Street analysts update their ratings for $Bank of America (BAC.US)$, with price targets ranging from $45 to $53.
Morgan Stanley analyst Betsy Graseck maintains with a buy rating, and adjusts the target price from $47 to $48.
Goldman Sachs analyst Richard Ramsden maintains with a buy rating.
Barclays analyst Jason Goldberg maintains with a buy rating, and maintains the target price at $53.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and maintains the target price at $52.
Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $46 to $45.
Furthermore, according to the comprehensive report, the opinions of $Bank of America (BAC.US)$'s main analysts recently are as follows:
Bank of America's earnings per share surpassed expectations by 7%, fueled by a recovery in the capital markets. The bank also reported higher than anticipated revenues across various segments including investment banking, fixed income, currencies and commodities (FICC) trading, equities trading, and wealth management. An increase in fee income, attributed to trading and wealth management, along with an uptick in net interest income due to deposit growth, has led to an enhanced earnings forecast for 2025.
Bank of America's Q3 earnings surpassed estimates, driven by net interest income and fee income that exceeded forecasts. Concurrently, expenses and provisions for credit losses aligned with earlier commentary. A lower-than-expected tax rate provided additional benefit, while the pace of share buybacks persisted from the previous quarter.
The firm believes that Bank of America's earnings report, which indicates positive prospects for 2025 net interest growth, consistent organic growth, advantageous positioning in relation to an increased markets fee pool, and moderate expense growth, warranted a favorable response. However, it suggests that the positive developments might have already been reflected in the stock's 15% rise since early August.
Bank of America's net interest income in the third quarter reached $14.1 billion, marking a 1.8% increase from the previous quarter, which surpasses the 1.1% anticipated due to day count. This positive inflection is projected to persist into the fourth quarter and onwards. Although volatility in the forward curve is not expected to subside soon, leading to continued complexity in quantifying net interest income growth, it is suggested that investors concentrate on the broader potential after net interest income pressure subsides. Specifically, the opportunity for gradual but consistent positive operating leverage is highlighted, even as capital markets activities remain below typical levels.
Here are the latest investment ratings and price targets for $Bank of America (BAC.US)$ from 7 analysts:
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美東時間10月16日，多家華爾街大行更新了$美國銀行 (BAC.US)$的評級，目標價介於45美元至53美元。
摩根士丹利分析師Betsy Graseck維持買入評級，並將目標價從47美元上調至48美元。
高盛集團分析師Richard Ramsden維持買入評級。
巴克萊銀行分析師Jason Goldberg維持買入評級，維持目標價53美元。
富國集團分析師Mike Mayo維持買入評級，維持目標價52美元。
Evercore分析師Glenn Schorr維持買入評級，並將目標價從46美元下調至45美元。
此外，綜合報道，$美國銀行 (BAC.US)$近期主要分析師觀點如下：
美國銀行的每股收益超出預期7%，受到資本市場復甦的推動。該銀行還報告了各個板塊，包括投資銀行、固收、貨幣和大宗商品（FICC）交易、股票交易和财富管理等，收入均高於預期。由於存款增長導致的淨利息收入增加，加上由交易和财富管理帶來的費收入增加，銀行預計2025年將實現增強盈利。
美國銀行第三季度的收益超出預期，主要由淨利息收入和超過預期的費用收入推動。與此同時，費用和信貸損失準備與早前評論保持一致。較低預期的稅率提供了額外收益，而股票回購速度與上個季度持平。
公司認爲美國銀行的收益報告顯示了2025年淨利息增長的積極前景，一貫的有機增長，與增加的市場費用池相關的有利定位，以及適度的費用增長，這些都值得積極回應。然而，公司表示，這些積極發展可能已經反映在自8月初以來股價上漲15%的股價中。
美國銀行第三季度的淨利息收入達到141億美元，較上一季度增長1.8%，超出了因計算天數而預期的1.1%。這種積極變化預計將持續到第四季度及以後。儘管預計前瞻曲線的波動不會很快消退，導致繼續難以量化淨利息收入增長的複雜性，但建議投資者專注於淨利息收入壓力消退後的更廣泛潛力。特別是，儘管資本市場活動仍低於典型水平，仍可以看到逐步但持續的正向運營槓桿的機會。
以下爲今日7位分析師對$美國銀行 (BAC.US)$的最新投資評級及目標價：
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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