Bank of America Corporation (NYSE:BAC) Stock Has Average Price Target of $63.88 According to Brokerages

Bank of America Corporation (NYSE:BAC) has earned a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $64.35.

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Citigroup increased their target price on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Bank of America in a report on Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BAC. Legal & General Group Plc acquired a new stake in Bank of America in the second quarter valued at approximately $2,571,060,000. Capital International Investors bought a new stake in shares of Bank of America during the fourth quarter valued at approximately $2,357,461,000. Deutsche Bank AG bought a new stake in shares of Bank of America during the second quarter valued at approximately $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America during the second quarter worth approximately $2,313,953,000. Finally, Cardano Risk Management B.V. raised its position in shares of Bank of America by 914.5% during the fourth quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock worth $1,380,239,000 after purchasing an additional 22,621,546 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

More Bank of America News

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Bank of America’s corporate payments franchise continues to expand. Real-time payment transaction volume rose 48%, while transactions above $1 million increased 351%, signaling growing demand for the bank’s liquidity-management and business-payment services. BofA Clients Accelerate RTP Use
• Positive Sentiment: The bank will report third-quarter 2026 results on October 14. Recent expectations call for double-digit earnings growth, following its previous quarterly beat, when revenue rose 19.6% year over year and EPS exceeded consensus estimates. Bank of America to Report Third Quarter Results
• Neutral Sentiment: Bank of America is hosting its annual technology innovation summit on October 7, bringing together more than 500 technology companies, investors and bank executives. The event could support future partnerships and investment-banking opportunities, but it is not expected to have an immediate earnings impact. Bank of America Technology Innovation Summit
• Neutral Sentiment: Bank of America’s research remains constructive on financial stocks and the company continues to receive favorable analyst coverage. However, broader concerns about rising bond yields and market volatility may be limiting investor appetite for bank shares.
• Negative Sentiment: Merrill Lynch will pay $39 million to settle claims that brokerage customers received near-zero interest on idle cash in retirement accounts instead of market rates. The settlement is manageable relative to Bank of America’s size, but it adds legal and reputational pressure and highlights scrutiny of customer cash practices. Bank of America Merrill Lynch Customer Settlement

Bank of America Stock Down 0.9%

Shares of NYSE:BAC opened at $54.47 on Monday. Bank of America has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The business’s 50-day moving average is $61.21 and its 200-day moving average is $56.25. The company has a market capitalization of $380.91 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 0.88 and a beta of 1.15.

Bank of America (NYSE:BAC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Bank of America will post 4.66 earnings per share for the current year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.32 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is 29.36%.

About Bank of America

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.