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Bank of America cut to Peer Perform at Wolfe as valuation gets ahead of itself

Oct. 07, 2021 9:21 AM ETBank of America Corporation (BAC) StockTTM, MS, NTRS, RJF, LPLABy: Liz Kiesche, SA News Editor16 Comments

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  • Wolfe Research analyst Steven Chubak downgrades Bank of America (NYSE:BAC) to Peer Perform from Outperform, citing valuation and fee income.
  • "For valuation, even when layering in higher rates (+100bps), shares screen rich relative to other rate sensitive peers" including

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