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-5.65067525568792E-05 -0.000113013505113758 0.000169520257670798 -0.00113013505113855 0.00151155563089796 -0.00113013505113855 -0.00259931061761885 -0.00259931061761885
Stock impact report

Bank of America (BAC) Target Cut at Morgan Stanley on Earnings Revisions [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
On December 12, Morgan Stanley reduced its price target on Bank of America Corporation (NYSE:BAC) to $68 from $70. The firm maintained an Overweight rating. The firm also adjusted its earnings expectations, cutting its fourth-quarter EPS estimate by 4% and lowering its 2027 forecast by 2.5%. The revisions reflect softer investment banking fees and higher expenses, partly offset by stronger expectations for equities trading revenue. The same day brought a notable milestone for the bank. According to The Wall Street Journal, Bank of America Corporation (NYSE:BAC)'s shares closed at $55.14 on Friday, marking the stock's first record high since before the 2008 financial crisis. For a bank that was deeply affected by that period, the move carried symbolic weight. In the years following the crisis, Bank of America faced a long recovery. The bank closed hundreds of underperforming branches and reduced its workforce by tens of thousands. At the same time, it preserved and expanded Merril Show less Read more
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