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Stock impact report

Truist Raises BofA (BAC) Profit Estimates on Robust Fee Growth Outlook [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
target on Bank of America to $58 from $56 and maintained a Buy rating on the shares. This sentiment was posted as part of the firm's broader research note that updated the firm's model. The firm has boosted its 2027 profit estimates and noted that robust fee growth is more than enough to cover projected increases in spending and taxes. Despite higher overhead, the improved revenue outlook has led Truist to raise its bottom-line expectations for the fiscal year. A day prior, on December 17, Keefe Bruyette analyst Christopher McGratty also raised the firm's price target on Bank of America to $64 from $58 with an Outperform rating on the shares. This decision was made as the firm updated its estimates following conference updates and management meetings. Earlier on December 12, Morgan Stanley lowered the firm's price target on Bank of America to $68 from $70 and kept an Overweight rating on the shares. This decision was announced as Morgan Stanley lowered its Q4 2025 earnings per sha Show less Read more
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