Credit Suisse analyst Susan Roth Katzke maintained a Buy rating on Bank of America (BAC) yesterday and set a price target of $35. The company’s shares closed yesterday at $29.13.
According to TipRanks.com, Katzke is a 5-star analyst with an average return of 15.7% and a 71.2% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Regions Financial, and State Street Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of America with a $32 average price target.
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Based on Bank of America’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.27 billion and net profit of $7.28 billion. In comparison, last year the company earned revenue of $24.77 billion and had a net profit of $2.52 billion.
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