🚀 Premarket Alert: Bank of America Hits Record High – 6 Key Takeaways for Monday
Bank of America stock closed near its all-time high at $53.45 on Oct. 31, following a Q3 net income jump of 31% to $8.5 billion and record net interest income. The bank raised Q4 guidance, announced an 8% dividend hike, and authorized a $40 billion share buyback. Wall Street remains bullish, with all 25 major analysts rating BAC a Buy. CEO Brian Moynihan cited strong loan growth amid Fed rate cuts and a resilient economy.