Bank of America shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform.
Portfolio Pulse from Benzinga Newsdesk
Bank of America's stock (BAC) is trading higher following an upgrade from Wolfe Research, moving from Peer Perform to Outperform.

April 19, 2024 | 3:51 pm
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POSITIVE IMPACT
Bank of America's stock is experiencing a positive shift in market sentiment after Wolfe Research upgraded its rating to Outperform.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the company's outlook. Wolfe Research's upgrade from Peer Perform to Outperform suggests a strong confidence in Bank of America's future performance, likely influencing investor sentiment and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90