Analysts ratings

As of April 2017, 24 of the 31 analysts (~77%), covering Bank of America (BAC) have given it “buy” or “strong buy” ratings, while six analysts have rated the company as a “hold.” Only one analyst has rated the company as a “sell.” BAC’s mean price target is $25.45 per share, implying a 9.9% rise over its current price.

Since January 2017, Bank’s overall rating has deteriorated marginally, with its “strong buy” ratings falling from eight to seven analysts. That one analyst has rated the company as a “sell” reflects this same marginal deterioration.

Bank of America on the Street: What the Analyst Ratings Suggest

Competitors’ ratings

Among major competitors, J.P. Morgan (JPM) has 15 of the 29 analysts covering the company rating it as a “buy” or “strong buy,” while 13 analysts have rated it as a “hold,” and one has rated it as a “sell.”

For Citigroup (C), 17 of the 29 analysts (~59%) covering the stock have given it “buy” or “strong buy” ratings. Nine analysts have given it a “hold,” while two analysts have given it “underperform” or “sell” ratings.

For Wells Fargo (WFC), 12 of the 31 analysts (~39%) covering the stock have given it “buy” or “strong buy” ratings, while 13 analysts have given WFC “hold” ratings, and six analysts have given it “underperform” or “sell” ratings.

Together, Bank of America’s peers account for 28.9% of the Financial Select Sector SPDR ETF (XLF).

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.