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Bank of America (BAC) Stock Rated Buy on Strong Net Interest Income Outlook
Yahoo Financeยท 2025-09-24 12:45
Group 1 - Bank of America Corporation (NYSE:BAC) is currently viewed as a strong investment opportunity, with TD Cowen maintaining a Buy rating and setting a price target of $54, driven by positive earnings forecasts [1][2] - The bank's favorable position is attributed to the strength of net interest income (NII) and potential growth in fees, which supports the optimistic outlook [1] - CFO Alastair Borthwick provided a positive update on near-term earnings at a recent investor conference, reinforcing the positive sentiment around the bank [2] Group 2 - Bank of America offers a wide range of financial services, including savings accounts, deposits, wealth management, investment funds, and online banking [3] - The upcoming Investor Day, the first in 15 years, is seen as an opportunity for management to address the company's relative valuation gap [2]