Bank of America Increases Planned Common Stock Repurchase Program

Go back to Bank of America Increases Planned Common Stock Repurchase Program

Bank of America (BAC) PT Raised to $32 at Bernstein

December 6, 2017 8:20 AM EST

Bernstein raised its price target on Bank of America (NYSE: BAC) to $32.00 (from $31.00) while maintaining a Outperform rating after the company announced an increase to its 2017 CCAR plan, which adds an incremental $5b in buybacks to the $12.9b of gross buybacks originally approved by the Fed back in June.

... More

Bank of America (BAC) PT Raised to $32 at Credit Suisse Following Repurchase Authorization

December 5, 2017 4:44 PM EST

Credit Suisse raised its price target on Bank of America (NYSE: BAC) to $32.00 (from $31.00) while maintaining a Outperform rating after the company announced an additional $5 billion share repurchase.

Analyst Susan Roth Katzke views the authorization, "as an affirmation of this bank's willingness and ability... More