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Bank of America's stock dropped 3.6% to $35.21 despite stronger-than-expected earnings and a "Moderate Buy" rating.
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.
The company's shares have an average "Moderate Buy" rating and a target price of $48.31, according to MarketBeat.com.
Notably, investment firms like Covestor Ltd and Townsquare Capital LLC have recently increased their stakes in Bank of America.
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Las acciones del Banco de América bajaron un 3,6% a $35,21 a pesar de ingresos más fuertes de lo esperado y una calificación de "Compra Moderada".