Bank of America Corp (NYSE:BAC) Stock: Bank of America Foundation and HomeAid Houston have been outreach partners within Houston’s homeless community for 10 years.

 Bank of America Corp (NYSE:BAC) fell -0.39% and to closed at $23.08 on Friday Real Time (9:59AM EST). According to Chron.com, The Bank of America Foundation and HomeAid Houston have been outreach partners within Houston’s homeless community for 10 years.

The foundation has donated funds to help construct numerous HomeAid projects, helping the agency achieve their mission “to build new lives for homeless families and individuals through housing and community outreach.”

Both organizations are deeply committed to improving the lives of the less fortunate to help them realize their potential as productive men, women, children and veterans.

Analyst David Long at Raymond James upgraded Bank of America BAC, -0.39%  to outperform, after being at market perform since early July. He set a stock price target of $26, which is about 12% above current levels.

The 28 analysts offering 12-month price forecasts for Bank of America have a median target of 22.00, with a high estimate of 26.00 and a low estimate of 14.50. The median estimate represents a -4.53% decrease from the last price of 23.05.

The current consensus among 33 polled investment analysts is to buy stock in Bank of America. This rating has held steady since December, when it was unchanged from a buy rating.

Bank of America’s stock has rocketed 36% since the election, compared with an 18% surge in the SPDR Financial Select Sector exchange-traded fund XLF, -0.13%  and a 5.7% gain in the S&P 500 index SPX, +0.10%  over the same time.

James Boyd

James Boyd is an editor and reporter of news about Financial sector Companies. He performs analysis of Companies and publicizes valuable information for investor community. He’s also been a freelance writer explaining a variety of topics in personal finance, including real estate, and investing.

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