Bank of America Falls After HSBC Downgrade, Citing Overvaluation And Economic Risks

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Bank of America Falls After HSBC Downgrade, Citing Overvaluation And Economic Risks

benzinga.com/trading-ideas/movers/25/07/46306239/bank-of-america-falls-after-hsbc-downgrade-citing-overvaluation-and-economic-risks

Bank of America Inc. (NYSE:BAC) shares are trading lower Tuesday after HSBC downgraded the stock from Buy to Hold.
What To Know: The downgrade comes despite HSBC raising its price target on Bank of America from $47 to $51, signaling that while there may still be upside, the stock's…

This story appeared on benzinga.com, 2025-07-08 19:01:21.