Bank of America (NYSE:BAC) Given New $62.00 Price Target at UBS Group

Bank of America (NYSE:BAC) had its price objective lowered by analysts at UBS Group from $67.00 to $62.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group‘s target price would indicate a potential upside of 25.32% from the company’s current price.

A number of other research firms also recently commented on BAC. TD Cowen dropped their price objective on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Robert W. Baird upgraded Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Thursday, October 15th. Barclays reduced their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Rothschild & Co Redburn set a $72.00 price target on Bank of America in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group dropped their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.48.

Bank of America Trading Down 1.1%

BAC stock traded down $0.54 on Monday, hitting $49.47. 46,770,275 shares of the company were exchanged, compared to its average volume of 37,662,445. Bank of America has a twelve month low of $46.12 and a twelve month high of $65.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average is $56.44 and its two-hundred day moving average is $54.96. The stock has a market capitalization of $345.95 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analysts’ expectations of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. As a group, research analysts forecast that Bank of America will post 4.52 earnings per share for the current year.

Institutional Investors Weigh In On Bank of America

Several large investors have recently made changes to their positions in BAC. Bamco Inc. NY grew its stake in shares of Bank of America by 45.4% during the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 12,794 shares during the period. E Fund Management Co. Ltd. bought a new stake in Bank of America in the second quarter valued at about $4,089,000. Bernicke Wealth Management Ltd. acquired a new position in Bank of America in the second quarter valued at about $2,132,000. Aspiriant LLC lifted its stake in Bank of America by 34.3% in the third quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after buying an additional 12,479 shares during the period. Finally, Lakeshore Capital Group Inc. boosted its holdings in Bank of America by 111.8% during the third quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider’s stock worth $1,831,000 after buying an additional 17,759 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Some Wall Street analysts remain bullish on Bank of America despite its recent underperformance, suggesting potential upside based on valuation and longer-term earnings prospects. Are Wall Street Analysts Predicting Bank of America Stock Will Climb or Sink?
• Neutral Sentiment: Bank of America disclosed higher indirect ownership stakes in Turkey-based Euro Trend Yatırım Ortaklığı and Prizma Pres. These appear to be small, unrelated investment positions and are unlikely to materially affect BAC’s earnings or valuation. Bank of America Raises Indirect Euro Trend Stake to 3.011%
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who bought BAC shares between August 1, 2025, and October 13, 2026. The notices allege securities-law violations and highlight a December 15, 2026, lead-plaintiff deadline. The announcements are largely investor-solicitation notices rather than findings of wrongdoing, but they add legal and reputational overhang. Kaplan Fox Bank of America Class Action Notice
• Negative Sentiment: Bank of America economists warned that a sustained correction in artificial-intelligence investment could become a major risk to the global economy. A sharper technology downturn could pressure capital markets, loan demand and investment-banking activity, although this is a macroeconomic warning rather than a BAC-specific forecast. BofA Warns About AI Boom Risks
• Negative Sentiment: A separate report highlighted a pessimistic price outlook from JPMorgan Chase, reinforcing near-term analyst caution around BAC. JPMorgan Issues Pessimistic Forecast for Bank of America

About Bank of America

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.