Bank of America (BAC)’s Multiple is An Insult to Its CEO, Says Jim Cramer

Bank of America Corporation (NYSE:BAC) is 1 of the largest banks successful America. Its shares are up by 23.8% implicit the past year. As it did with different slope stocks, Barclays started 2025 with a beardown enactment for Bank of America Corporation (NYSE:BAC) arsenic well. It raised the stock terms people to $71 from $59 and kept an Overweight standing connected the stock. Barclays’ upgrade followed akin enactment from Truist successful December. The fiscal steadfast had raised Bank of America Corporation (NYSE:BAC)’s stock terms people to $58 from $56 and kept a Buy standing connected the shares. Truist explained that the upgrade came aft it upgraded the bank’s FY27 net estimate. Yet portion Barclays and Truist cited optimism for Bank of America Corporation (NYSE:BAC), Morgan Stanley reduced the stock terms people to $68 from $70 successful December owed to a downward estimation revision. Cramer had precocious commented that JPMorgan’s aggregate was an insult to CEO Jamie Dimon. In this appearance, helium shared akin sentiments for Bank of America Corporation (NYSE:BAC):

Pixabay/Public Domain

“Look, Bank of America, okay, that sells astatine 15 times earnings. I’m atrocious that’s an insult to Brian Moynihan. 15 times earnings, they person a batch of technology, they’ve done a truly bully job, they support adding accounts. And it sells astatine 15 times earnings. So you tin bargain that and person it spell higher.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.