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flag Bank of America's stock dropped 3.6% to $35.21 despite stronger-than-expected earnings and a "Moderate Buy" rating.

flag Bank of America's stock price fell by 3.6% on March 7th, trading as low as $35.21, despite the company reporting a stronger-than-expected earnings report in January, with a 15% year-over-year revenue increase. flag The company's shares have an average "Moderate Buy" rating and a target price of $48.31, according to MarketBeat.com. flag Notably, investment firms like Covestor Ltd and Townsquare Capital LLC have recently increased their stakes in Bank of America.

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