Bank of America: Considerable Near-Term Potential, But Annualized Returns Likely Lower

Spencer Platt Thesis In my previous article covering Bank of America Corporation (NYSE:BAC), I rated the stock as a buy after assigning a fair price target of $39.41 and a future price of $67.80. At that time, the stock was trading at $33.40 and now, when writing this article, the stock price has climbed to $34.70. In this article, I will update my valuation model for Bank of America with the information of Q1 2024, released on April 16, 2023. To see if the stock still represents an opportunity entering ...