Barclays analyst Jason Goldberg maintains $Bank of America (BAC.US)$ with a buy rating, and adjusts the target price from $53 to $58.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 13.9% 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:
The perspective on bank stocks for 2025 is optimistic, with expectations of accelerated earnings growth aided by improving loan growth, expanding capital markets activity, the return of positive operating leverage, and share buybacks. Additionally, price-to-earnings multiples are anticipated to expand based on a stable economic environment, reduced regulatory impacts, enhanced returns, and active mergers and acquisitions. Analysts believe that large-cap banks will likely continue to exceed market performance into 2025 as earnings growth picks up pace.
Looking ahead to 2025, the trajectory for banks seems stable with only minor modifications applied to earnings projections and assessments. Looking further to 2028, banks are likely to maximize growth within the constraints of achieving sustainable low-to-mid-teens returns on tangible common equity. Despite potential regulatory evolutions, skepticism remains that banks will operate under substantially more relaxed regulatory or capital stipulations in the future. The sector is deemed as being fairly valued, though selective opportunities are noted within the industry.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
