Brokerage Firm Rating Update on Bank of America Corporation (BAC)

Bank of America Corporation (BAC) : The consensus on Bank of America Corporation (BAC) based on 17 analyst recommendation on the company stock is 1.65, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Bank of America Corporation (BAC) : Average target price received by Bank of America Corporation (BAC) is $17.58 with an expected standard deviation of $1.68. The most aggressive target on the stock is $20, whereas the most downbeat target is $15. 13 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Bank of America Corporation (NYSE:BAC). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $17 per share from a prior target of $16. The rating by the firm was issued on July 19, 2016.

Bank of America Corporation (NYSE:BAC): stock was range-bound between the intraday low of $15.65 and the intraday high of $15.85 after having opened at $15.72 on Wednesdays session. The stock finally closed in the red at $15.72, a loss of -0.51%. The stock remained in the red for the whole trading day. The total traded volume was 63,310,328 shares. The stock failed to cross $15.85 in Wednesdays trading. The stocks closing price on Thursday was $15.78.

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses; Consumer Real Estate Services, which provides a line of consumer real estate products and services; Global Wealth & Investment Management, which provides wealth management solutions; Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services.

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