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Share: If the lending business picks up, Bank Of America Corp (NYSE: BAC) is one of the best banks to own, Douglas C. Lane & Associates Sarat Sethi said Tuesday on CNBC s Fast Money: Halftime Report What Happened: Baird analyst David George downgraded Bank of America from Outperform to Neutral and announced a $42 price target on Tuesday. I disagree with this call. It s one of my top holdings, Sethi said. If interest rates begin to rise, the stock will be positively impacted in numerous ways, he said. Recent Earnings Report: Bank Of America reported first-quarter financial results on April 15. The company reported earnings of 86 cents per share, beating the estimate of 66 cents and revenue of $22.93 billion, beating the estimate of $22.13 billion. Bank of America also announced its board of directors authorized the repurchase of up to $25 billion of common stock.

United statesDavid georgeSarat sethiMike mozartfrom flickrMorgan stanleyDeutsche bankAmerica corpBank of america corpAssociate sarat sethiEarnings reportBank of americaஒன்றுபட்டது மாநிலங்களில்டேவிட் ஜார்ஜ்சரத் சேதிமோர்கன் ஸ்டான்லிடாய்ச் வங்கி