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Bank of America Corporation (NYSE:BAC) ranks among the best diversified bank stocks to invest in right now. Freedom Broker retained its Buy rating on Bank of America Corporation (NYSE:BAC) and boosted its price target from $47 to $56.50 on August 27. The firm cited industry tailwinds as a significant driver supporting the higher valuation, which depends on a forward price-to-earnings ratio of 12.5x and forward earnings per share of $4.50 for the period from Q3 2026 to Q2 2027.
According to Freedom Broker, Bank of America’s second-quarter 2025 results were neutral, with earnings per share somewhat exceeding projections and net revenue slightly falling short of expectations. BofA management reiterated its guidance for net interest income in the fourth quarter of 2025, which Freedom Broker said was consistent with market expectations.
Bank of America Corporation (NYSE:BAC) is a financial holding company that offers a variety of services, including savings accounts, deposits, wealth and cash management, investment funds, online banking, and other financial products.
While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.| 2 hours | |
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