🚀 Premarket Alert: Bank of America Hits Record High – 6 Key Takeaways for Monday
In summary, Bank of America’s stock is trading near record levels after a very strong quarter. The bank’s improved earnings outlook (boosted by high interest rates and dealmaking) and shareholder-friendly moves (dividend raise, big buybacks) have analysts confident. With the Fed on pause and some cuts likely, loan growth should stay robust, though investors will watch credit trends and valuations. As TS2 analyst Marcin Frąckiewicz observes, “Morgan Stanley [now] put [a] target of $67 [on BAC], Barclays $59, Evercore $57, [and] Citi $62” based on the quarter’s momentum ts2.tech. BofA stock is essentially priced for continued success, so any economic
