Bank of America's current stock performance is a mixed bag. On one hand, the company has a solid economic moat due to its huge scale and brand recognition, making it easy to attract deposits and sell loans ¹. This is reflected in its quarterly earnings per share of $0.82, exceeding analysts' expectations of $0.77 ². Additionally, Bank of America offers a quarterly dividend of $0.26 per share, translating to an annualized dividend yield of 2.25% ².

On the other hand, the company's revenue missed Wall Street estimates by over $1.5 billion, and its net interest income declined 5% due to rising deposit costs ¹. Furthermore, Bank of America's net charge-offs soared 73% compared to Q4 2022, which could be a concern if the economy enters a recession ¹.

Despite these challenges, many analysts remain bullish on Bank of America's prospects. The average 12-month price target is $48.64, representing a 17.62% upside from its current price ². Some analysts, like UBS Group, have even upgraded their price target to $53.00, indicating strong confidence in the stock's potential for growth ².

Ultimately, whether Bank of America is a good buy now depends on your investment goals and risk tolerance. If you're looking for a stable dividend payer with a strong brand, Bank of America might be a good fit. However, if you're concerned about the company's revenue growth and net interest income, you might want to wait and see how the economy and interest rates evolve.