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Bank of America has appointed a Wells Fargo executive to spearhead its technology mergers in the Americas. The banking group operates across five sectors: commercial banking (58.6% of Net Interest Income), business and investment banking (25.5%), wealth and asset management (12.4%), market banking (2.9%), and other (0.6%). By the end of 2023, it managed USD 1,923.8 billion in current deposits and USD 1,053.7 billion in current credits.
Bank of America reported an 80% surge in mortgage applications from January to March, attributed to improved housing supply and declining treasury yields. The 30-year fixed mortgage rate has dropped to 6.7%, enticing more homebuyers and indicating a potential rebound in the housing sector. This trend could stimulate economic growth as lower rates enhance homeownership feasibility.
HSBC upgraded Bank of America to a "buy" rating with a $50 price target, while UBS raised its target to $53. Conversely, Piper Sandler lowered its target to $49, maintaining a "neutral" rating. The stock currently holds a consensus rating of "Moderate Buy" with a target of $48.45, as institutional investors own 70.71% of shares. Bank of America reported a quarterly EPS of $0.82, exceeding estimates, and declared a dividend of $0.26 per share.
Robert W. Baird upgraded Bank of America to "outperform" with a price target of $50, while Truist Financial raised its target to $53, and UBS increased it to $53 as well. Barclays set a new target of $58, contributing to a "Moderate Buy" average rating among analysts. Norges Bank acquired over 118 million shares, making it a significant holding, while the stock currently trades around $42.81, with a 52-week range of $34.15 to $48.08.
Bank of America has declared a quarterly dividend of $0.26 per share, with an ex-dividend date of March 7th. Analysts have upgraded the stock's ratings, with a consensus rating of "Moderate Buy" and an average target price of $48.45. Institutional investors hold 70.71% of the stock, reflecting strong interest in the financial services provider.
Bank of America Securities advises traders to sell dollar rallies, noting that the bullish consensus on the U.S. dollar has faltered. The EUR/USD pair has risen over 4% this year, driven by concerns over U.S. economic policies and optimism surrounding EU reforms, prompting the bank to raise its EUR/USD forecasts to 1.15 by the end of 2025 and 1.20 by the end of 2026. Despite potential short-term dollar strength due to high tariffs, the outlook remains bullish for the euro.
Bank of America reported a quarterly EPS of $0.82, surpassing estimates of $0.77, with revenues of $25.30 billion, up 15% year-over-year. The company declared a quarterly dividend of $0.26 per share, yielding 2.43%, and has a current dividend payout ratio of 32.30%. Analysts maintain a "Moderate Buy" rating with a consensus price target of $48.45.
Barclays raised its price target for Bank of America from $53 to $58, maintaining an "overweight" rating, while HSBC upgraded its rating to "buy" with a $50 target. Robert W. Baird also upgraded the stock to "outperform" with a $50 target, though Evercore ISI lowered its target to $51. Currently, the stock has a "Moderate Buy" average rating and a target price of $48.45, with institutional investors holding 70.71% of shares. Bank of America reported a quarterly EPS of $0.82, exceeding estimates, and announced a quarterly dividend of $0.26.
Evercore ISI reduced its price target for Bank of America from $53 to $51, maintaining an "outperform" rating, while Keefe, Bruyette & Woods raised theirs from $50 to $57. Barclays increased its target from $53 to $58, and Piper Sandler lowered theirs from $50 to $49. The stock has a consensus rating of "Moderate Buy" with a target of $48.45, and institutional investors own 70.71% of the shares. Bank of America reported a quarterly EPS of $0.82, exceeding estimates, and announced a dividend of $0.26 per share.
Robert W. Baird upgraded Bank of America to "outperform" with a price target of $50, while Oppenheimer raised its target to $55. Currently, the stock has a "Moderate Buy" rating from analysts, with 16 buy ratings and a target price averaging $48.45. The company recently declared a quarterly dividend of $0.26 per share, reflecting a 2.43% yield.
Bank of America Corporation
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bank of america appoints wells fargo executive to oversee tech mergers
13:41 27.03.2025
surge in mortgage applications signals potential housing market rebound
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bank of america receives mixed analyst ratings and price target adjustments
12:41 27.03.2025
bank of america receives multiple upgrades and increased price targets from analysts
12:31 27.03.2025
bank of america receives upgrades and announces dividend payment details
12:30 27.03.2025
bank of america advises selling dollar rallies amid euro optimism
12:13 27.03.2025
bank of america reports strong earnings and declares quarterly dividend
11:57 27.03.2025
bank of america receives multiple upgrades and target price adjustments from analysts
11:50 27.03.2025
bank of america receives mixed analyst ratings and price target adjustments
11:42 27.03.2025
bank of america receives multiple upgrades and maintains moderate buy rating
11:41 27.03.2025
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