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Bank of America Corporation Message Board

  • rhonda_12fun rhonda_12fun Jun 5, 2008 9:57 AM Flag

    S&P $40 Target and Low risk

    Our 12-month target price of $40 equates to
    about 14.5X our 2008 operating EPS estimate, a
    slight premium to peers. Our valuation is based
    on our expectation of solid capital levels, BAC's
    extensive geographic footprint, and our view of
    its balanced business model.

    Qualitative Risk Assessment
    LOW
    Our risk assessment reflects what we see as
    strong business fundamentals and a robust
    customer base.We view BAC as having a diverse
    product line and geographic presence, which
    should enable it to withstand a major economic
    downturn.

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BAC
16.69-0.25(-1.48%)4:00 PMEDT