The market capitalization is $ 3.587 billion, and the Bank of America Corporation (BAC) is a major financial service company that offers a wide range of products and services in four major segments of consumer banks, global wells & investment management, global banks, and global banks. 。 。 Based in Charlotte, North Carolina, it offers services to individuals, companies and governments around the world.
The second largest bank stock in Japan is better than a wider market over the past 52 weeks. The BAC increased by 34.1 % in this time, but the wider S & P 500 index ($ SPX) increased by 22.8 %. On YTD -based, BAC shares have increased by 6.1 % compared to SPX’s 2.8 % gain.
In addition, the BAC has slightly exceeded the return of 32.1 % of the Financial Select Sector SPDR fund (XLF) in the past 52 weeks.
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Bank of America’s fourth quarter EPS is $ 0.82 and net income is $ 25.3 billion, but shares have decreased slightly due to concerns about the deterioration of quality in credit, and the rules of credit loss have increased by 32 %. , 23 % of pure claims have increased. -A off. Furthermore, although net interest income (NII) increased, there was concern about the potential impact of rising non -interest costs, which is expected to increase from 2 % to 3 % in 2025. Loan and lease.
Analysts in the fiscal year ending in December 2025 expect the BAC EPS to increase by 11.9 % year -on -year to $ 3.67. The surprising history of the company’s revenue is promising. We have won the consensus estimate in the last 4 quarter.
Of the 23 analysts covering the shares, the consensus evaluation is “strong buying”. This is based on 16 “strong buying” evaluation, four “medium purchases”, and three “hold”.
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This configuration is more bullish than three months ago, with 13 “strong buying” evaluation in stock.
On January 18, Evercore ISI reduced BAC’s price goals to $ 51, maintaining the “outper” rating, and quoted strong profits and a solid prospect of 2025. However, the company reduced the estimated value of FY25 and FY26 EPS due to the anticipated pressure of the BAC shares that contributed to the slight decrease in the BAC shares.
At the time of writing, the BAC is below the average price target of $ 52.43. The $ 59 street high price target means a potential rise of 26.2 % from the current price level.
On the publication date, SOHINI MONDAL did not have any (direct or indirect) positions (directly or indirectly) in this article. All information and data in this article are intended to provide information only. For more information, see the Barchart disclosure policy.
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