Here’s What Truist Thinks About Bank of America Corporation (BAC)

​Bank of America Corporation (NYSE:BAC) is 1 of the Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. On March 26, Truist Securities lowered its terms people connected Bank of America Corporation (NYSE:BAC) from $60 to $57.

​The steadfast noted that the reduced terms people reflects valuation concerns regarding the bank. Truist noted raising its 2026 EPS from $4.30 to $4.33, but maintained the 2027 EPS estimates dependable astatine $4.95. The steadfast noted that the improved EPS estimates are based connected affirmative trends successful trading, concern banking, wealthiness absorption fees, and nett involvement income. These are driven by indebtedness and deposit growth.

​Moreover, the steadfast forecasts Q1 2026 EPS estimates astatine $1.30, which tops the statement of $1.01. Analyst astatine Truist expects 170 ground points of affirmative operating leverage, on with 8% year-over-year maturation successful nett involvement income. In addition, the disbursal is expected to turn by 4.5%. The steadfast besides anticipates a 6% year-over-year summation successful interest income, driven by double-digit increases successful concern banking.

​Bank of America Corporation (NYSE:BAC) is 1 of the world’s largest fiscal institutions. It serves idiosyncratic consumers, tiny and middle-market businesses, and ample corporations with a wide scope of banking, investing, plus management, and different fiscal and hazard absorption products and services.

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