J.P. Morgan analyst Vivek Juneja maintains $Bank of America (BAC.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 53.8% and a total average return of 8.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bank of America (BAC.US)$'s main analysts recently are as follows:
For banks, the trend lines in 2025 seem well established, with only minor modifications made to earnings models and estimates. Looking ahead to 2028, banks are expected to maximize growth potential while maintaining a low-to-mid-teens return on tangible common equity. Analysts remain generally skeptical about a significant relaxation in regulatory and capital pressures. The sector is deemed reasonably valued, with ongoing opportunities for selective investment.
Equity markets experienced a roughly 2% decrease in December during a period termed as a 'post-post-election breather,' predominantly driven by revised expectations concerning the timing of rate cuts. Additionally, a noticeable decline in investment banking activity persisted from November through December, following robust performance in September and October. Although there was a cool-down in December, it is anticipated that activity will pick up at the beginning of 2025. There is a general sentiment that improvements in investment banking are deemed inevitable.
Note:
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