4 Things You Need to Know if You Buy Bank of America Today
Bank of America (NYSE: BAC) recently reported third-quarter results that beat Wall Street expectations. Revenue of $25.2 billion was up 3% year over year, while diluted earnings per share rose 11% to $0.90.
But the stock hasn't been a winner in recent times. It's down 22% in 2023, a disappointment compared to the S 500's 8% gain and rival JPMorgan Chase's 2.5% increase.
Nonetheless, Bank of America is Warren Buffett's second largest holding. That's certainly a vote of confidence in the bank stock's investment merits.
Source Fool.com
JPMorgan Chase & Co. Stock
€196.58
0.530%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 2.76% for JPMorgan Chase & Co. compared to the current price of 196.58 €.
