Story updated at 9:55 a.m. to reflect market activity.
Bank of America fell -0.1% to $15.57 in morning trading.
The firm set a price target of $18 for the bank with an "equal weight" rating. Barclays analysts lowered its second quarter estimates to 29 cents a share from 31 cents a share.
"We are also lowering our 2014E EPS to $0.90 (-$0.05) and our 2015E EPS to $1.50 (-$0.05), primarily driven by the continued subdued trading environment," analyst Jason M. Goldberg wrote. "While there has been recent media coverage regarding a potential settlement to the RMBS investigation, we have not included any charges in our estimate."
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Separately, TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BANK OF AMERICA CORP (BAC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."