Bank of America Trades higher as Analysts are Confident

Bank of America Corp. (NYSE: BAC) shares are trading at $22.44 on Wednesday, January 18th. Bank of America has climbed over 60% and has outperformed the S&P500 by 53% since June, 2016.

15 out of 25 analysts covering Bank of America rate it positively. 15 analysts rate it a “Buy”, 10 “Hold”, and 0 “Sell”. On Monday, October 10th, Jefferies gave Bank of America a “Buy” rating. Atlantic Securities upgraded the firm on Wednesday, December 21st. Societe Generale downgraded Bank of America on Tuesday, September 13th to “Hold. Citigroup gave the firm a “Buy” rating on Tuesday, July 19th.

According to Zacks Investment Research, “Bank of America Corp. is one of the world’s leading financial services companies. Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose.”

Bank of America Corporation, incorporated on July 31, 1998, is a bank holding firm (BHC) and a financial holding company. The Firm is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, firms and governments with a range of banking, investing, asset management and other financial and risk management services and products.

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