Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer
We recently published 10 Stocks Jim Cramer Mentioned. Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer mentioned.
Bank of America Corporation (NYSE: BAC) is one of America’s largest banks. Its shares have increased by 23.8% in the past year. Barclays started 2025 on a strong note for Bank of America Corporation (NYSE: BAC), as it did for other bank stocks. He raised his stock price target to $71 from $59 and maintained an Overweight rating on the stock. Barclays’ upgrade followed similar action by Truist in December. The financial firm raised its stock price target on Bank of America Corporation (NYSE: BAC) from $56 to $58 and maintained a Buy rating on the shares. Truist said the upgrade comes after the bank raised its FY27 earnings forecast. However, while Barclays and Truist expressed optimism for Bank of America Corporation (NYSE: BAC), Morgan Stanley lowered its share price target to $68 from $70 in December due to a downward estimate revision. Cramer recently commented that it was an insult to JPMorgan CEO Jamie Dimon. He shared similar thoughts for Bank of America Corporation (NYSE:BAC) in this outlook:
Pixabay/Public domain
“Look, Bank of America, okay, this is selling at 15x earnings. Sorry that’s an insult to Brian Moynihan. 15x earnings, they have a lot of technology, they’ve done a really good job, they keep adding accounts. And it’s selling at 15x earnings. So you can buy this and make it go even higher.”
While we recognize BAC’s potential as an investment, our belief remains that some AI stocks hold greater promise of delivering higher returns and that downside risk is limited. If you’re looking for a dirt cheap AI stock that’s also a big beneficiary of Trump tariffs and support, check out our free report. Best short term AI stocks.
READ NEXT: 30 Stocks That Should Double in 3 Years And 11 Undercover AI Stocks to Buy Now.
Description: None. This article was originally published at: Insider Monkey.
