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0 -0.000925735445381498 0.000619214153466457 0.000925735445381644 0.00144003291503806 0.00288006583007613 0.00288006583007613 0.00288006583007613
Stock impact report

Jefferies Touts Bank of America Corporation (BAC) Interest Income Outlook [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
Corporation (NYSE:BAC)'s net interest income outlook of 5% to 7% over the next five years, as the company benefits from fixed asset repricing. Jefferies Touts Bank of America Corporation (BAC) Interest Income Outlook Pixabay/Public Domain The research firm expects the investment bank to embark on disciplined expense growth, likely to drive durable operating leverage. In addition, it expects a strong consumer deposit base to be a positive differentiator, as the bank also boasts of a solid credit quality. Therefore, Bank of America's return on tangible common equity is expected to improve to between 16% and 18% over the next two to three years, up from 14% in 2025. Amid solid underlying fundamentals, Jefferies has initiated coverage of the Bank with a Buy rating and a $60 price target. The positive stance comes on the heels of the investment bank forming a new team focused on helping private equity firms exit their investments. Private Capital M&A Group is the new segment whose Show less Read more
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