Bank of America (NYSE:BAC) had its price objective reduced by equities researchers at Daiwa Securities Group from $62.00 to $58.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Daiwa Securities Group’s price target indicates a potential upside of 16.19% from the stock’s current price.
Several other research firms have also recently weighed in on BAC. Morgan Stanley lowered their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. TD Cowen lowered their price objective on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Barclays raised their price objective on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Piper Sandler raised their price objective on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $58.90.
Get Our Latest Stock Analysis on BAC
Bank of America Trading Down 0.3%
Bank of America (NYSE:BAC – Get Free Report) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. Research analysts expect that Bank of America will post 3.7 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BAC. Norges Bank bought a new position in Bank of America during the 4th quarter worth approximately $4,774,210,000. Capital International Investors bought a new position in Bank of America during the 4th quarter worth approximately $2,357,461,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after acquiring an additional 40,235,201 shares during the last quarter. Vanguard Group Inc. boosted its stake in Bank of America by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after acquiring an additional 23,351,183 shares during the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in Bank of America by 914.5% during the 4th 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 acquiring an additional 22,621,546 shares during the last quarter. 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: Bank of America was named the No. 1 global OCIO provider for nonprofits in 2025 — a win for recurring fee revenue and institutional credibility that supports long‑term noninterest income growth. Bank of America Named No. 1 Nonprofit OCIO Provider Globally in 2025
- Positive Sentiment: Goldman Sachs raised its price target to $58 (maintains Buy), boosting sentiment and giving analysts’ support for further upside versus current levels. Goldman Sachs adjusts price target on Bank of America to $58 from $57; maintains Buy
- Positive Sentiment: Coverage and media pieces note BAC has outpaced the broader market recently and that analyst upgrades are refocusing attention on its earnings track record, capital returns (dividends/buybacks) and valuation — factors likely driving short‑term buying. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
- Neutral Sentiment: Evercore trimmed its price target to $55 but kept an Outperform rating — mixed signal (lower target vs. continued conviction), so watch analyst commentary for guidance. Evercore ISI adjusts price target on Bank of America to $55 from $59; maintains Outperform
- Neutral Sentiment: Autonomous lowered its target to $54 and kept a Neutral rating — another modest pullback in street targets but not a consensus downgrade. Autonomous adjusts price target on Bank of America to $54 from $62; maintains Neutral
- Neutral Sentiment: Bank of America research is in the news for macro views (India/Nifty forecasts, stagflation risks) — useful for global clients but only indirectly relevant to BAC’s own stock performance. BofA cites nearly 50 stocks that could perform well irrespective of geopolitical outcome
- Negative Sentiment: Analysts warn the interest‑rate tailwind is fading — Bank of America heads into Q1 results (expected Apr. 15) with still‑resilient NII but a risk that margin benefits slow if rates stabilize or fall, creating earnings sensitivity. This introduces short‑term earnings risk that could temper further upside. Bank of America (BAC) looks strong ahead of Q1 results but the rate tailwind is fading
About Bank of America
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.
Further Reading
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