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Bank of America Corporation Message Board

  • drugsman12 drugsman12 Nov 26, 2010 5:09 PM Flag

    13 analysts have target over $18/share

    Median target price of the 26 analysts reviewed by Yahoo is $18.

    Funny how market keeps rewarding AMZN and other dumb stocks with 50+PE's whose earnings estimates have actually fallen. While BAC earnings estimates have actually risen.

    BAC probably will do well next year but might be held down until then. I'm thinking it can maybe get toward $13 in mean reversion rally if market holds up. Afterall, it finished last year at $15 and raised more capital earlier this year at $15. Credit trends have probably been better than expected as a whole for 2010. New mortgage and credit card deliquincies are not bad at all.

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