Meredith Whitney Bullish on Bank of America (BAC)

Analyst Meredith Whitney is bullish on Bank of America Corp (BAC), giving the company a big buy signal after the bell on Monday.

Whitney sees shares reaching $15 in the near-term. This target suggests a 20% upside to Monday’s closing price of $12.56.

Bank of America shares were up 33 cents, or +2.63%, during pre-market trading on Tuesday. The stock is up +35.05% over the past year.

The Bottom Line
Shares of Bank of America (BAC) have a dividend yield of 0.31% based on Tuesday’s intraday trading price of $12.85 and the company’s annualized dividend payout of 4 cents per share.

Bank of America Corp (BAC) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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