BAC has been the subject of a number of other recent research reports. Analysts at JMP Securities downgraded shares of Bank of America from a “market perform” rating to an “underperform” rating in a research note to investors on Monday. They now have a $5.50 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Bank of America in a research note to investors on Friday, April 20th. They now have a $9.25 price target on the stock. Finally, analysts at CLSA downgraded shares of Bank of America from an “underperform” rating to a “sell” rating in a research note to investors on Friday, April 20th.
Bank of America opened at 6.83 on Monday. Bank of America has a 1-year low of $4.92 and a 1-year high of $11.92. The company’s market cap is $73.605 billion.
Bank of America last released its earnings data on Thursday, April 19th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.08. Bank of America’s revenue was down 17.0% compared to the same quarter last year. Analysts expect that Bank of America will post $0.17 EPS next quarter.
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