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Bank of America Gaining Share

publication date: Jan 17, 2020
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Image Source: Bank of America Earnings Presentation. 

We are increasing our fair value estimate of Bank of America to $40 per share, as we view the market share gains at the bank and steady loan and deposit growth to be more sustainable than we had previously envisioned. We like the bank’s solid franchise, the management team, and we like the shares here as it tries to catch up with larger peer JPMorgan.


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