In a report released yesterday, Glenn Schorr from Evercore ISI maintained a Buy rating on Bank of America (BAC – Research Report), with a price target of $41.00. The company’s shares closed yesterday at $36.92.
According to TipRanks, Schorr is a 4-star analyst with an average return of 7.5% and a 61.73% success rate. Schorr covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, BlackRock, and Citigroup.
In addition to Evercore ISI, Bank of America also received a Buy from Erste Group’s Hans Engel in a report issued on April 3. However, yesterday, UBS downgraded Bank of America (NYSE: BAC) to a Hold.
BAC market cap is currently $294.8B and has a P/E ratio of 12.17.
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Bank of America (BAC) Company Description:
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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