Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer

Group 1 - Bank of America Corporation (NYSE:BAC) is one of the largest banks in America, with shares increasing by 23.8% over the past year [2] - Barclays raised the share price target for Bank of America Corporation to $71 from $59, maintaining an Overweight rating, following a similar upgrade from Truist which raised the target to $58 from $56 [2] - Morgan Stanley, however, reduced the share price target to $68 from $70 due to a downward estimate revision [2] Group 2 - Jim Cramer commented on Bank of America Corporation, stating it sells at 15 times earnings, which he considers an insult to CEO Brian Moynihan, highlighting the bank's strong technology and account growth [3] - The company is viewed as a potential investment, but there is a belief that some AI stocks may offer higher returns with limited downside risk [3]