Research Alert: CFRA Reiterates Buy Opinion On Shares Of Bank Of America Corporation

, MT Newswires -  2:25 PM ET 4/15/2025 Investing Ideas

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02:25 PM EDT, 04/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price by $6 to $47 applying a narrower risk premium and a forward P/E of 13.1x, which is near the five-year historic average of 12.8x. BAC trades at a premium to most commercial banks because of its scale and best-in-class platforms serving consumer and commercial customers. BAC currently trades at 1.4x price to net tangible book value, which is below the five-year historic average at 1.6x. We lower our 2025 EPS estimate by $0.15 to $3.60 and 2026's by $0.15 to $4.20 on our view of revenue projections of $108B and $113B, respectively. BAC delivered a solid performance in Q1 2025, with EPS rising to $0.90, up 18.4% year-over-year. The bank's revenue grew 6.2% to $27.4 billion, driven by growth in both net interest income and noninterest income.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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