Bank of America Corp
BAC (NYSE)
Bank of America Corp (BAC) is a noteworthy stock to monitor this earnings season, having delivered a solid 22.48% return over the past year. With a dividend yield of 2.00%, the bank targets a 5-7% annual growth in net interest income over the next few years and a return on tangible common equity between 16% and 18%. Analysts maintain a median price target of $62, with ratings reflecting a mix of cautious optimism and bullish outlooks.
Pros:
- Strong historical performance
- Diverse financial services
Cons:
- Market fluctuations
- High competition
Bank of America Corp (BAC) may be a suitable investment for those seeking exposure to a major financial institution with a solid recent performance and a moderate dividend yield. Given its mix of growth potential and a respectable return on tangible common equity, it could be particularly appealing to investors looking for a balance of income and capital appreciation in their portfolio.