BofA boosted to Buy at Citi


Bank of America (BAC) should be able to boost earnings with cost cuts and investors might look to the lender's stock as a play on an improving economy, says Citigroup, upgrading to Buy with price target raised to $19 from $16.

Already a Buy, JPMorgan (JPM) has its price target upped to $72 from $66.

BAC +1% premarket

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Comments (1)
  • gwynfryn
    , contributor
    Comments (6458) | Send Message
     
    There's only so far a company can go with cost cutting, before the cuts also start reducing income. BAC must be nearly there by now?
    2 Jan 2014, 09:23 AM Reply Like
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