Seeking Alpha

BofA results have something for bulls and bears, says Goldman

  • The bears, though, are winning the day, with analyst Richard Ramsden saying the stock could see pressure - a result of questions about a path to reaching 2015 and 2016 EPS estimates of $1.60 and $1.85 combining with recent outperformance (stock's beating the BKX by 500 bps YTD).
  • The bulls, he says, can point to the best FICC results seen so far from the banks, rapidly declining LAS expenses, stable NIM, and strong capital and liquidity ratios.
  • He maintains a Neutral rating and $18 price target on Bank of America (BAC -2.4%).
  • Previous earnings coverage
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