Bank of america investing sector rotation into financials has

Sector rotation into financials has supported Bank of America investing’s stock, with the KBW Bank Index up 5.8% in the last month, outperforming the S&P 500 by over 250 basis points. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now . Cautious analysts, such as UBS, highlight that after the recent rally, Bank of America’s valuation appears stretched. They suggest that room for further near-term upside may be limited. UBS maintained a Hold rating and kept their price target at $54, citing lofty expectations embedded in current prices. Bank of America investing revenue from digital banking surged 9% YoY in the latest report, marking its 14th consecutive quarter of online transaction growth, a key catalyst for long-term valuation.