Source: TradingView
Key Points
- Bank of America has expanded via major M&As. Its four major segments have contributed significantly to making it the second-largest retail bank in the U.S..
- BofA's NIM is expected to bottom and then increase moderately in 2025.BofA has one of the top-tier credit asset qualities in the banking industry.Larger US banks like BofA are likely to benefit from the expected deregulatory environment in 2025.
- Overall, with a solid financial base, BofA is still a good choice for long-term investors. In the short term, considering that its valuation is at a relatively high percentile level , its stock performance won't be exciting, with a reasonable target price of around $45 - $55.
Overview
Bank of America (BAC.N), a titan in the global financial industry, has a storied history marked by strategic mergers and acquisitions. It has evolved through significant consolidations like the merger with NationsBank in 1998. Key acquisitions such as Merrill Lynch, U.S. Trust, Countrywide Financial, FleetBoston Financial...