Weekly Recap | Bank of America -5.2%, consensus target above spot
Weekly Review·
- Bank of America shares fell 5.2 % to close at 53.75 dollars amid heightened trading activity and broader banking sector pressure.
- The company advanced digital payment platforms, participated in a 500 million dollar credit facility, and agreed to a 39 million dollar settlement regarding cash interest rates.
- Twenty-four institutions maintain a consensus buy rating with a target price of 67.95 dollars, while upcoming third-quarter earnings will test net interest margins.