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0 -0.000107504651643624 -0.000826958858796757 0 0.00496175315278054 0.00671904072772371 0.0064089311556749 0.00196402728964232
Stock impact report

Goldman Sachs Lowers Bank of America (BAC) Price Target to $57 [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
Sachs reduced its price target on Bank of America Corporation (NYSE:BAC) from $67 to $57 and kept its Buy rating on the stock. The research firm said proposals from US regulators to revise the Basel III Endgame, adjust the G-SIB buffer, and update the Standardized Approach appear positive for large-cap banks. According to Goldman Sachs, these changes are expected to keep risk-weighted assets (RWAs) mostly unchanged, while reducing CET1 capital requirements by around $50 billion, slightly easing capital constraints. Goldman Sachs Lowers Bank of America (BAC) Price Target to $57 Pixabay/Public Domain In other news, on March 16, Reuters reported that Bank of America Corporation (NYSE:BAC) has settled a civil lawsuit filed by women who accused the bank of enabling their abuse by Jeffrey Epstein, according to court records. The lawsuit filed in October by a woman using the pseudonym Jane Doe claimed that Bank of America Corporation (NYSE:BAC) ignored suspicious financial transact Show less Read more
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