BMO Capital analyst James Fotheringham lowered the firm’s price target on Bank of America to $36 from $37 and keeps a Market Perform rating on the shares. The analyst cites the company’s fees and cost-driven Q4 earnings miss. The firm is also cutting its FY24 EPS view by 16c to $3.13 to reflect higher than previously-modeled operating and credit costs in tandem with lower expected share repurchases.
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