Piper Sandler analyst R. Scott Siefers lowered the firm’s price target on Bank of America (BAC) to $49 from $50 and keeps a Neutral rating on the shares following the Q4 report. The bank’s core results were better than anticipated thanks to better net interest income and credit costs than modeled, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Bank of America Posts Strong 4Q24 Earnings Growth
- Bank of America Earnings Report: Did it Beat Expectations?
- UnitedHealth, BofA report Q4 earnings beats: Morning Buzz
- Bank of America: NII growth could accelerate to up to 6%-7% in 2025
- Bank of America sees investment banking rebound continuing in 2025