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On April 7, shares of Bank of America Corporation (BAC) surged more than 3%, catching the attention of analysts who saw a potential buying opportunity after a sharp decline earlier in the year. The stock had fallen nearly 20% year to date, positioning it as one of the worst-performing money center banks in 2025.
Morgan Stanley’s Betsy Graseck upgraded the bank to “Overweight” from “Equal-Weight” despite lowering her price target. She acknowledged concerns about how Federal Reserve rate cuts and yield curve changes could impact Bank of America’s net interest margin.
