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Fly News Breaks for April 15, 2016
BAC
Apr 15, 2016 | 07:02 EDT
UBS analyst Brennan Hawken said Bank of America just reported "yet another quarter" of expense discipline, making him more confident that management will be able to continue to cut costs despite the need for increased regulatory spending. Management's assurance that credit quality outside of energy remains strong should also provide some relief to investors, Hawken tells investors. The firm keeps a Buy rating and $18 price target on BofA shares.
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