RBC Capital Lowers Bank of America’s 2022/2023 EPS Estimates 
<p>RBC Capital analysts revised their full 2022 and 2023 EPS estimates on <a href='https://financialmodelingprep.com/financial-summary/BAC'>Bank of America Corporation (NYSE:BAC)</a> to reflect updated company guidance.</p>
<p>2022/2023 EPS estimates moved to $3.30/$3.95 from $3.43/$3.85. As a result of the expected increases in short-term interest rates, the analysts increased their net interest income estimates which were more than offset in 2022 by lower-than-expected investment banking revenues but only partially offset in 2023.</p>
<p>The analysts lowered their price target to $45 from $51, while reiterating their outperform rating.</p>

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