Bank of America Corporation Price & Performance (BAC-PK)

Bank of America reported a robust 11% jump in profit for the first quarter, reaching $7.4 billion, with revenues up 6% to $27.4 billion. The gains were driven by higher net interest income and trading revenues, even as concerns over tariffs and potential recession linger. Management remains optimistic on consumer resilience.1234

Bank of America’s shares climbed nearly 3% following its strong earnings, with analysts maintaining a consensus “Moderate Buy” rating and an average price target of $48.31. Despite recent market volatility and broad economic caution, most analysts see significant upside potential, underpinned by the bank’s diversified operations and steady growth.56

Bank of America’s CFO dismissed recession fears, citing solid financial results and steady consumer spending. The bank posted growth in retail banking, wealth management, and global markets, while maintaining a positive outlook for the remainder of the year, even as provision for credit losses rose modestly.718