Bullish
Bank of America (BAC) stock rises 2.4% amid strong Q2 earnings and analyst upgrades.
In the past 24 hours, Bank of America's stock (BAC) has increased by 2.4%, reaching a high of $58.48. This uptick follows the bank's recent strong second-quarter earnings report and positive analyst assessments. Goldman Sachs reiterated a 'Buy' rating with a $71.00 price target, citing better-than-expected results and a core return on tangible common equity of 17.7%.
Key points
- Goldman Sachs maintains 'Buy' rating on BAC after strong Q2 results.
- BAC stock rises 2.4% to $58.48, surpassing 50-day and 200-day moving averages.
- Analysts expect BAC's Q2 earnings to exceed expectations.
Sources
AI-generated from public news sources. Not financial advice.
