Morgan Stanley analyst Betsy Graseck maintains $Bank of America (BAC.US)$ with a hold rating, and adjusts the target price from $55 to $54.
According to TipRanks data, the analyst has a success rate of 48.7% and a total average return of 3.9% 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 anticipation for the fourth quarter earnings per share is positioned moderately above the consensus for the large cap bank group. This outlook is supported by expected outperformance in capital markets, encouraging insights about 2025 prospects, and the anticipated advantages of a steeper curve in elevating the 2025 guidance. Additionally, the estimate for 2025 earnings per share for the group stands 4% higher than the general market prediction.
The outlook on bank stocks for 2025 is positive, with expectations of accelerated earnings growth driven by improved loan growth, increased capital markets activity, a return to positive operating leverage, and share buybacks. The expansion in price-to-earnings multiples is anticipated due to a stable economic environment, regulatory reductions, higher returns, and mergers and acquisitions activity. It's projected that large-cap banks will continue to surpass market performance as earnings growth picks up.
Note:
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