These Analysts Boost Their Forecasts On Bank of America Following Upbeat Q2 Results

Bank of America Corp

Bank of America Corp

BAC

0.00

Bank of America (NYSE:BAC) reported better-than-expected earnings for the second quarter on Tuesday.

The company posted quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.13 per share. The company reported quarterly sales of $31.558 billion which beat the analyst consensus estimate of $30.746 billion.

Bank of America shares rose 04% to $60.87 in pre-market trading.

These analysts made changes to their price targets on Bank of America following earnings announcement.

  • Wells Fargo analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $67 to $69.
  • Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $71 to $72.

Considering buying BAC stock? Here’s what analysts think:

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