Morgan Stanley downgraded Bank of America (BAC) to Equal Weight from Overweight with a price target of $55, up from $48. The firm now sees a more balanced risk reward and prefers money centers with a higher skew to capital markets, the analyst tells investors. In 2026, the firm estimates investment banking and trading will reflect 27% of revenues at BofA, 32% at Citi (C) and 68% at Goldman (GS), adding that in a bear case, BofA is more credit exposed versus capital markets pure plays.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Analysts Revise Their Outlook for Intel (NASDAQ:INTC)
- European Space Companies Prepare a Starlink Rival
- Bank of America price target raised to $57 from $50 at Keefe Bruyette
- Bank of America price target raised to $50 from $44 at Piper Sandler
- Every Firm on Wall Street Expects the S&P 500 (SPX) to Rise in 2025