Bank of America's Growth Boosted by Strong Fees and Operating Efficiency: Goldman Sachs Analyst
BACBank of America(BAC) Benzinga·2024-07-17 00:37

Loading...Loading...Goldman Sachs analyst Richard Ramsden reiterated a Buy rating on Bank Of America Corp BAC with a price target of $45.Bank of America reports fiscal 2024 second-quarter net income of $6.9 billion, beating estimates. Revenue increases 0.8% year over year to $25.5 billion, surpassing expectations.Bank of America anticipates net interest income of ~$14.50 billion in the fourth quarter.Ramsden noted the results as slightly better than expectations, given a core Pre-provision Net Revenue (PPNR ...