These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Bank of America Corp (NYSE:BAC) reported better-than-expected second-quarter results, with net income of $6.9 billion and EPS of 83 cents, beating the consensus estimate of 80 cents. Revenue increased 0.8% year-over-year to $25.54 billion, also surpassing expectations. Following the earnings report, several analysts raised their price targets for BAC.
July 17, 2024 | 5:22 pm
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Bank of America reported strong Q2 earnings, beating both EPS and revenue estimates. The company announced plans for an 8% dividend increase. Several analysts raised their price targets, reflecting positive sentiment.
Bank of America's better-than-expected earnings and revenue, along with an announced dividend increase, are positive indicators for the stock. The raised price targets from multiple analysts further support a bullish outlook.
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