Trade of the Day: Bank of America Corp (BAC) Stock Could Return 30% by Year End

Bank of America Corp (BAC) — This is the second largest U.S.-based financial holding company with more than $2 trillion in global assets.
Capital IQ recently raised its 12-month price target on BAC stock by $1 to $20, maintaining a “buy” rating on shares. Its analysts were encouraged by the shakeup of the bank’s management team.
Following a meeting with Bank of America’s new CEO and CFO, Credit Suisse Equity Research said it believes the bank can grow revenues, become more efficient and increase shareholder returns. Its analysts have an “outperform” rating on BAC stock. (more)