Added to YB: 2024-02-05
Pitch date: 2024-02-02
BAC [bullish]
Bank of America Corporation
+66.47%
current return
Author Info
No bio for this author
Company Info
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.
Market Cap
$379.8B
Pitch Price
$31.06
Price Target
N/A
Dividend
2.36%
EV/EBITDA
N/A
P/E
12.55
EV/Sales
N/A
Sector
Banks
Category
value
Bank of America: Disappearing Act
BAC's $136B Q3 paper losses from HTM debt reduced as Fed rate cut expectations grew. Matching costs & yields ensures profitability if BAC remains going concern. $102B remaining losses unlikely to be realized given BAC's strength & diversification. BAC a strong buy for growth & income investors.
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