Oppenheimer analyst Chris Kotowski maintained a Buy rating on Bank of America (BAC – Research Report) today and set a price target of $49.00. The company’s shares closed yesterday at $27.62.
According to TipRanks, Kotowski is a 5-star analyst with an average return of 13.4% and a 57.28% success rate. Kotowski covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and JPMorgan Chase & Co..
Currently, the analyst consensus on Bank of America is a Moderate Buy with an average price target of $34.24, a 23.97% upside from current levels. In a report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $33.00 price target.
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The company has a one-year high of $37.51 and a one-year low of $25.47. Currently, Bank of America has an average volume of 42.09M.
Based on the recent corporate insider activity of 223 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAC in relation to earlier this year.
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Bank of America (BAC) Company Description:
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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