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Bank Of America Loan Growth Is Better Than Peers, Analysts Predict ‘Good Core Operating Leverage’

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Shares of Bank of America Corp (NYSE:BAC) were rising in early trading on Wednesday, even as other financial stocks came under pressure after earnings.

Here are some key analyst takeaways from the release.

  • Goldman Sachs analyst Richard Ramsden reiterated a Buy rating, while reducing the price target from $42 to $41.
  • JPMorgan analyst Vivek Juneja maintained an Overweight rating and price target of $39.50.
  • Oppenheimer analyst Chris Kotowski reaffirmed an Overweight rating and price target of $45.

Check out other analyst stock ratings.

Goldman Sachs: Bank of America’s core earnings of 81 cents per share came in higher than Street expectations of 78 cents per share and net interest income of $220 million was also 2% higher, Ramsden said in …

Full story available on Benzinga.com

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