The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bank of America and Wells Fargo surpassed profit estimates driven by strong investment banking performance and a trading boom. Bank of America reported an EPS of $1.21 on revenue of $31.56 billion, both exceeding market expectations. Following these results, Argus Research analysts raised their price target for Bank of America (BAC) stock to $70.00.