Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review

Group 1 - Bank of America Corporation (NYSE:BAC) is recognized as one of the 10 Cash-Rich Stocks to Buy Now [1] - Keefe Bruyette analyst Christopher McGratty raised the price target for Bank of America to $64 from $58, maintaining an Outperform rating after recent management meetings [2] - Bank of America will allow its wealth advisers to recommend crypto allocations in client portfolios starting January 5, marking a significant shift in the digital assets space [3][4] Group 2 - Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, suggested a modest allocation of 1% to 4% in digital assets for investors comfortable with volatility [4] - Bank of America has provided clients meeting certain asset thresholds access to bitcoin ETFs since early 2024, expanding the role of advisers in guiding clients on crypto products [4][5]