Evercore ISI lowered the agency’s value goal on Financial institution of America (BAC) to $51 from $53 and retains an Outperform score on the shares. BofA “rounded out 2024 with a good quarter and powerful 2025 outlook that includes attribute regular income progress,” although this was coupled with “much less attribute expense progress,” which the agency thinks despatched shares barely decrease whereas friends rose, the analyst tells buyers. The agency lowered its FY25 EPS view to $3.60 from $3.81 and 2026 EPS to $4.52 from $4.78 because it now expects extra expense strain than beforehand anticipated.
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