Bank of America (NYSE:BAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bank of America (NYSE:BAC) from a sell rating to a hold rating in a research report released on Sunday morning.

Several other research firms also recently weighed in on BAC. Keefe, Bruyette & Woods lifted their price target on shares of Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Ameriprise Financial upgraded Bank of America to a “buy” rating in a research note on Wednesday, October 22nd. Evercore ISI upped their price target on Bank of America from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Barclays raised their price objective on Bank of America from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Seaport Global Securities upped their target price on Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Bank of America Trading Down 0.2%

Shares of BAC stock opened at $55.25 on Friday. The company has a market cap of $403.45 billion, a P/E ratio of 15.05 and a beta of 1.30. The stock has a 50 day simple moving average of $53.59 and a two-hundred day simple moving average of $50.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79. Bank of America has a fifty-two week low of $33.06 and a fifty-two week high of $56.54.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. Research analysts forecast that Bank of America will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s payout ratio is 30.52%.

Hedge Funds Weigh In On Bank of America

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wiser Advisor Group LLC purchased a new position in Bank of America in the third quarter worth $27,000. Quaker Wealth Management LLC raised its stake in shares of Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 880 shares during the period. Nova Wealth Management Inc. boosted its holdings in shares of Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after buying an additional 227 shares during the last quarter. Steph & Co. grew its position in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares during the period. Finally, Collier Financial bought a new position in Bank of America during the third quarter valued at about $30,000. Hedge funds and other institutional investors 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: Keefe Bruyette raised its price target on BAC to $64 and maintained an Outperform rating after meetings with management — a direct analyst upgrade that supports upside expectations. Bank of America (BAC) Estimates Refreshed After Keefe Bruyette Review
• Positive Sentiment: CEO Brian Moynihan publicly expects U.S. tariff pressure to cool in 2026, which would reduce trade‑related uncertainty for corporate clients and could support loan growth and market confidence for big banks. De-escalation, not escalation: Bank of America CEO sees tariff pressure cooling in 2026
• Positive Sentiment: MarketBeat highlights BAC as a finance stock positioned to “monetize either side of the rate cycle,” noting tech/AI investments and a diversified franchise — a reminder of structural strengths that underpin medium‑term earnings and dividend capacity. Will the Fed Cut or Pause? These Finance Stocks Can Win Either Way
• Neutral Sentiment: Zacks flags rising U.S. consumer credit stress as a sector headwind but lists BAC among three banks with liquidity and improving asset quality — a mixed signal: BAC looks relatively stable, but consumer credit trends remain a risk to loan performance. US Consumer Credit Stress Rises: 3 Bank Stocks to Watch for Stability
• Neutral Sentiment: Bank of America’s Aditya Bhave (economics) and broader TV segments (Fast Money, panel pieces on big banks) are discussing 2026 macro outlooks and the strong 2025 rebound in big banks — useful for sentiment but not single‑driver news; these segments can influence short‑term flows depending on the tone. Bank of America’s Aditya Bhave shares his 2026 economic outlook Fast Money traders talk the state of the Big Bank sector heading into 2026 Big Bank Stocks Come Roaring Back in 2025

Bank of America Company Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.