Bank of America Provides Color on Principal Financial

Bank of America provided color on Principal Financial PFG. In a research report published today, Bank of America commented on the company's Q2 results. In the report, Bank of America states, “Principal reported 2Q11 operating EPS of $0.73 (vs. $0.59, up 24%), which was above our estimate and consensus (both $0.72). Excluding unusual items, but not adding back unfavorable mortality, operating EPS would have been $0.74.” At the moment, the rating agency has a Buy rating and a price target of $39 placed on the company's stock. On Monday, PFG lost 0.76% of its value to finish the day at $27.42. Its shares rebounded in today's pre-market trading, rising 0.66% to stand around $27.60.