Bank of America: A Decent Value Play Amid A Sharp Selloff (Upgrade)

Bank of America is upgraded to buy, trading nearly 20% below fair value after a sharp Q3 selloff. Recent Q2 results were strong, with $1.21 GAAP EPS and $31.6B revenue, driven by net interest income and investment banking. EPS growth is projected at 20%+ this year and 14% next, with potential for $6 EPS by FY 2028.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 3 weeks ago

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News ID #20,938

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