Bank of America (BAC) Stock: Dip Buy or Warning Sign After Q3 Miss?
Photo: CoinCentral
TLDR Bank of America (BAC) stock opened at $51.28 on Friday, down 0.8%, well below its 50-day average of $59.05. Q3 adjusted EPS was $1.08 against a $1.10 estimate, and a $1.2 billion anti-money laundering penalty cut reported EPS to $0.91. Net interest income rose 8% to $16.6 billion, and management projects at least 8% growth in 2027. Baird upgraded the stock to Outperform, while Citigroup, TD Cowen and Keefe, Bruyette & Woods cut price targets. The stock trades at 9.9 times expected 2027 earnings, compared with 13.32 times for JPMorgan Chase.
Source: CoinCentral
