On Oct 17, 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.
J.P. Morgan analyst Vivek Juneja maintains with a buy rating, and maintains the target price at $47.
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 recent earnings surpassed expectations by 7%, propelled by a resurgence in capital markets. Notable revenue outperformance was observed across various segments including investment banking, fixed income and commodities trading, equities trading, as well as wealth management. Anticipated increases in fee income from trading and wealth management activities, along with an uptick in net interest income due to deposit expansion, have led to a revised earnings forecast for the year 2025.
Bank of America's Q3 earnings surpassed estimates, bolstered by net interest income and fee income that exceeded forecasts. Concurrently, expenses and provisions for credit losses aligned with prior intra-quarter discussions. A lower-than-anticipated tax rate provided an additional boost, alongside the continuation of share buybacks at a steady pace from Q2.
The firm believes that Bank of America's recent earnings report, which revealed positive signs for net interest growth by 2025, as well as the company's consistent organic growth, beneficial exposure to a rising markets fee pool, and moderate expense growth, warranted a favorable response. However, it argues that the potential benefits might already be reflected in the current stock price, considering the 15% increase since early August.
The company's net interest income in Q3 showed a 1.8% quarter-over-quarter increase, surpassing the modest 1.1% expectation from day count, indicating that the anticipated inflection has begun and is likely to persist into Q4 and further. Despite the expectation that forward curve volatility may continue, hence the specifics of any net interest income increase may be obscured, it is suggested that investors concentrate on the broader potential after the initial net interest income challenges. This includes a solid groundwork for gradual and consistent positive operating leverage, even as capital markets activities remain below what is considered a normalized level.
Here are the latest investment ratings and price targets for $Bank of America (BAC.US)$ from 8 analysts:
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美東時間10月17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。
摩根大通分析師Vivek Juneja維持買入評級，維持目標價47美元。
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：
美國銀行最近的營業收入超過預期的7%，得益於資本市場的復甦。各個領域的顯著營收表現包括投資銀行、固收和大宗商品交易、股票交易，以及财富管理。預期來自交易和财富管理活動的費用收入增加，以及由於存款擴張導致的淨利息收入增長，已經導致對2025年盈利預測的修訂。
美國銀行第三季度的盈利超過了預期，得益於超過預測的淨利息收入和費用收入。與此同時，與季內先前討論一致的費用和信貸損失準備。低於預期的稅率提供了額外支持，與第二季度穩定速度的股票回購並行不悖。
該公司認爲，美國銀行最近的盈利報告顯示出2025年淨利息增長的積極跡象，以及公司持續穩健的有機增長，有益於不斷增長的市場費用池，以及適度的費用增長，理應受到積極回應。然而，它認爲可能已經體現在當前股價中的潛在利好，考慮到自8月初以來股價上漲了15%。
公司第三季度的淨利息收入環比增長了1.8％，超過了從日期計數預期的1.1％，表明預期的拐點已經出現，並可能持續到第四季度及以後。儘管預計向前曲線的波動可能會持續，因此任何淨利息收入增長的具體細節可能會被掩蓋，但建議投資者集中精力放在初始淨利息收入挑戰之後的更廣泛潛力上。這包括爲逐步實現穩健且持續的正向經營槓桿奠定堅實基礎，即使資本市場活動仍低於被視爲正常水平的水平。
以下爲今日8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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