Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for its third quarter on Tuesday.
The bank said EPS for the quarter was $0.90, compared to $0.81 in the year-ago period, beating the consensus of $0.81. Revenue increased 3% year-over-year to $25.32 billion, beating the consensus of $25.14 billion.
Bank of America shares fell 0.6% to trade at $27.43 on Wednesday.
These analysts made changes to their price targets on Bank of America following earnings announcement.
- BMO Capital raised the price target on Bank of America from $39 to $40. BMO Capital analyst James Fotheringham maintained a Market Perform rating.
- Oppenheimer increased the price target on Bank of America from $48 to $49. Oppenheimer analyst Chris Kotowski maintained an Outperform rating.
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