Bank of America Raised to Outperform From Neutral by Baird
Dow Jones03-07
Ratings actions from Benzinga: https://www.benzinga.com/quote/BAC/analyst-ratings
(END) Dow Jones Newswires
Ratings actions from Benzinga: https://www.benzinga.com/quote/BAC/analyst-ratings
(END) Dow Jones Newswires
March 07, 2025 08:18 ET (13:18 GMT)
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Bank of America's current stock performance is a mixed bag. On one hand, the company has a solid economic moat due to its huge scale and brand recognition, making it easy to attract deposits and sell loans ¹. This is reflected in its quarterly earnings per share of $0.82, exceeding analysts' expectations of $0.77 ². Additionally, Bank of America offers a quarterly dividend of $0.26 per share, translating to an annualized dividend yield of 2.25% ². On the other hand, the company's revenue missed Wall Street estimates by over $1.5 billion, and its net interest income declined 5% due to rising deposit costs ¹. Furthermore, Bank of America's net charge-offs soared 73% compared to Q4 2022, which could be a concern if the economy enters a recession ¹. Despite these challenges, many analysts rema