RBC Capital analyst Gerard Cassidy maintained a Buy rating on Bank of America (BAC – Research Report) on March 14 and set a price target of $50.00. The company’s shares closed yesterday at $41.44.

Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, KeyCorp, and Bank of America. According to TipRanks, Cassidy has an average return of 16.4% and a 58.40% success rate on recommended stocks.

Bank of America has an analyst consensus of Strong Buy, with a price target consensus of $52.81, a 27.44% upside from current levels. In a report released on March 12, Barclays also maintained a Buy rating on the stock with a $58.00 price target.

Based on Bank of America’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $25.35 billion and a net profit of $6.67 billion. In comparison, last year the company earned a revenue of $21.96 billion and had a net profit of $3.14 billion