Financial institution of America worth goal lowered to $51 from $53 at Evercore ISI

January 18, 2025 by asdminc

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Evercore ISI lowered the agency’s worth goal on Financial institution of America (BAC) to $51 from $53 and retains an Outperform ranking on the shares. BofA “rounded out 2024 with a good quarter and powerful 2025 outlook that includes attribute regular income development,” although this was coupled with “much less attribute expense development,” which the agency thinks despatched shares barely decrease whereas friends rose, the analyst tells traders. The agency lowered its FY25 EPS view to $3.60 from $3.81 and 2026 EPS to $4.52 from $4.78 because it now expects extra expense stress than beforehand anticipated.

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