Bank of America price target raised to $55 from $54 at Oppenheimer

Oppenheimer raised the firm’s price target on Bank of America (BAC) to $55 from $54 and keeps an Outperform rating on the shares. Bank of America reported “solid” Q4 results, which included a “normal” mix of ebbs and flows, but the updated 2025 outlook was better on almost all fronts, the analyst says. Investors are awaiting “when, not if” positive surprises, including an investment banking rebound, loan growth reacceleration, and pockets of trading volatility, the firm says.