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Eleven analysts have recently evaluated Bank of America, revealing a mix of bullish and bearish sentiments, with four bullish, five somewhat bullish, two indifferent, and none bearish. The average 12-month price target has increased to $52.82, with a high of $58.00 and a low of $49.00. Key financial metrics show strong revenue growth of 15.43% and a net margin of 25.25%, although the return on equity and return on assets lag behind industry averages.
Piper Sandler analyst R. Scott Siefers has maintained a Neutral rating on Wells Fargo (NYSE: WFC) with a price target set at $77.00. This reiteration reflects the analyst's cautious outlook on the bank's performance moving forward.
As earnings season begins, major US banks face scrutiny over the impact of the Federal Reserve's recent rate cuts on their profitability. Analysts expect net profits for JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup to decline compared to previous quarters, primarily due to reduced lending margins. Investors are particularly focused on net interest income and future outlooks, as banks adjust their borrowing costs and deposit rates in response to changing interest rates.
Scott Siefers
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
analysts provide mixed ratings and price targets for bank of america
United States Dollar
Bank of America Corporation
USA
John McDonald
Betsy Graseck
David George
Scott Siefers
Erika Najarian
Keith Horowitz
Glenn Schorr
Jason Goldberg
Chris Kotowski
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20:01 24.03.2025
Piper Sandler maintains neutral rating and price target for Wells Fargo
15:28 18.03.2025
banks brace for earnings impact from federal reserve rate cuts
United States Dollar
JPMorgan Chase & Co.
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
USA
Daniel Pinto
Scott Siefers
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10:45 11.10.2024
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