Company Update (NYSE:BAC): Bank of America Corp Names Jackie Yoon Market President for St. Louis
Bank of America Corp (NYSE:BAC) announced that Jackie Yoon has been named market president, serving as the company’s enterprise leader in St. Louis.
In this role, Yoon will work across the region to connect Bank of America’s business lines to deliver integrated financial services to individuals, families and businesses. She will also lead Bank of America’s corporate social responsibility work in the market, which leverages the unmatched capabilities of the company to help partners, people, communities and a broad client and customer base more effectively address a wide range of issues.
“Jackie’s leadership in St. Louis will ensure we are helping all of our customers and clients live their financial lives, through the power of every connection we can make with them,” said Bank of America Chief Executive Officer Brian Moynihan.
Yoon brings outstanding leadership credentials to the market president role including her current position as managing director of U.S. Trust’s Midwest region for St. Louis and Kansas City. She manages teams of specialists who advise high net worth and ultra high net worth families, businesses and nonprofit institutions. Yoon is responsible for driving growth in the U.S. Trust business across the Midwest region and for enhancing collaboration between businesses across the firm. She joined Bank of America in 2014 with more than two decades of private wealth management experience in leader global financial institutions.
Active in the local community, Yoon she serves on the boards of Youth in Need and the Contemporary Art Museum. She is also a member of the board of trustees for Chaminade College Preparatory School and has held several leadership roles in the United Way of Greater St. Louis. (Original Source)
Shares of Bank of America opened today at $16.42 and are currently trading up at $16.4401. BAC has a 1-year high of $18.21 and a 1-year low of $14.84. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $16.32.
On the ratings front, BAC has been the subject of a number of recent research reports. In a report issued on June 24, Deutsche Bank analyst Matt O’Connor maintained a Buy rating on BAC, with a price target of $18.50, which represents a potential upside of 12.7% from where the stock is currently trading. Separately, on June 17, Oppenheimer’s Chris Kotowski maintained a Buy rating on the stock and has a price target of $21.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matt O’Connor and Chris Kotowski have a total average return of 4.5% and 3.0% respectively. O’Connor has a success rate of 72.1% and is ranked #1042 out of 3692 analysts, while Kotowski has a success rate of 70.3% and is ranked #805.
The street is mostly Bullish on BAC stock. Out of 6 analysts who cover the stock, 4 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $18.90, which represents a potential upside of 15.1% from where the stock is currently trading.