Bank Of America: Finally A Good Deal (Rating Upgrade)

  • Bank of America exceeded Q1 '25 earnings and revenue estimates, driven by strong net interest income growth, with trading boosting results as well. The bank submitted a decent net interest income outlook for Q4 '25 and maintained a steady level of credit provisions Q/Q. Bank of America's current valuation at a P/B ratio of 1.06X is attractive, especially compared to industry rivals.