Goldman Sachs Boosts BAC to $76.00 Price Target, Strong Buy Consensus Remains

Goldman Sachs analyst Richard Ramsden has maintained a Buy rating on Bank of America (BAC) in his latest report. He set a price target of $76.00, which is higher than the current market value of $59.52 per share. This recommendation comes as part of a broader trend of positive sentiment towards BAC, with an average analyst consensus rating of Strong Buy and an average price target of $68.64.

Ramsden's success rate on recommended stocks stands at 77.44%, according to TipRanks, with an average return of 18.4%. His report also noted that Bank of America reported a quarterly revenue of $49.39 billion and a net profit of $9.07 billion in its latest earnings release for the quarter ending June 30.

Morgan Stanley has also maintained a Buy rating on BAC with a price target of $67.00. The company's latest earnings report showed an increase in revenue compared to last year, at $49.39 billion versus $46.67 billion.