1 Wall Street Analyst Thinks Bank of America Stock Is Going to $42
Tue, Apr 23, 2024 7:25 PM

1 Wall Street Analyst Thinks Bank of America Stock Is Going to $42

A Flip by Riya Sharma
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Bank of America (NYSE: BAC) recently disappointed the market with its first-quarter earnings report as the stock fell 3.5% in a day. The nation's No. 2 bank by assets beat Wall Street estimates but reported a decline in net interest income due to higher deposit rates.Overall deposits were down 7%, and charge-offs were up 26% from the previous quarter to $1.5 billion.

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