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The Canadian Bank RBC has reduced the price target on the American (BAC) stock for $ 45, but the shares are positive.
BAC said yesterday’s quarterly financial results.
A business owner who discusses commercial business loans with a bank representative.
Why RBC cut the price target in BAC but the throat remains
RBC reduced the price target from $ 50 to $ 50 to $ 45 due to macroeconomic issues.
According to the RBC, Bank of America gave strong results in the face of macroeconomic problems. In addition, efforts to increase their deposits and loans should increase the best profit over a long period of time.
RBC Capital is amazed by the cheaper deposit base of BAC.
Finally, the BAC believes meaningful steps to reduce the risk of the major financial crisis, and these measures believe that the Bank protects the existing level of gain in front of the potential decline.
More about BAC Stock
Analysts will earn $ 3.64 to rise to $ 3.64 this year and in 2026 to $ 3.26 in 2026 to $ 3.26.
In the last month, the shares decreased by 20% in the last three months.
When accepting the potential of the BAC, our convicts said that the AI shares are in the confidence of higher income and the belief that he promises more in a shorter period. Since the beginning of 2025, popular AI shares have an EU reserve that lost about 25%. You are looking for a prospective AI share than BAC, but are trading less than 5 times the earnings, review our report Cheap EU reserves.
Read the next: 20 best EU reserves to get now and Now the best stocks to buy for billionaires
Disclosure: No. This article was first published in Insider Monkey.
