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

Bank of America (NYSE:BAC) had its target price cut by analysts at UBS Group from $67.00 to $62.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would suggest a potential upside of 23.36% from the stock’s previous close.

BAC has been the subject of a number of other reports. Erste Group Bank cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Truist Financial lowered their target price on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Royal Bank Of Canada raised their price target on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Bank of America from $57.00 to $58.00 and gave the company a “buy” rating in a report on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $59.10.

Bank of America Stock Up 0.4%

BAC opened at $50.26 on Tuesday. Bank of America has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $359.15 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.20 and a beta of 1.23. The company has a fifty day moving average of $50.61 and a two-hundred day moving average of $52.19.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. On average, research analysts expect that Bank of America will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 227,832 shares of company stock worth $11,094,960 in the last ninety days. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank of America

Several institutional investors have recently modified their holdings of the company. Abound Financial LLC purchased a new position in shares of Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC acquired a new stake in Bank of America in the third quarter valued at about $27,000. Steph & Co. boosted its stake in shares of Bank of America by 224.3% in 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 in the last quarter. Legacy Bridge LLC grew its holdings in Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares during the period. Finally, Marquette Asset Management LLC purchased a new position in Bank of America in the third quarter worth $30,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America News Summary

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

• Positive Sentiment: Major banks lifted or maintained bullish views while trimming targets modestly, keeping constructive tone (Goldman Sachs raised its target to $58 and keeps a Buy rating). Goldman Sachs raises PT
• Positive Sentiment: Other large houses (JPMorgan, Daiwa) adjusted price targets but kept Overweight/Buy stances, which supports upside expectations even after target trims. JPMorgan PT change
• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS assumptions modestly (FY26 to ~$4.34; FY27 to ~$4.97), backing the earnings narrative ahead of Q1.
• Positive Sentiment: Institutional recognition and awards (e.g., named No.1 nonprofit OCIO provider) help reinforce franchise strength and fee‑business credibility. OCIO award
• Neutral Sentiment: Upcoming catalyst: BofA will report Q1 2026 results and host an investor call on April 15 — the report is the primary near‑term driver of stock direction. Q1 release date
• Neutral Sentiment: Analysis pieces note that some rate tailwind is fading — supportive for medium term but creates uncertainty about re‑acceleration of NII growth. Rate tailwind commentary
• Negative Sentiment: Some sell‑side cuts on price targets reflect valuation concerns — Truist trimmed its target to $57 citing valuation issues, a flag for investors worried about limited near‑term upside. Truist lowers PT
• Negative Sentiment: AUTONOMOUS and a few outlets put more pessimistic near‑term forecasts / lowered targets (Autonomous cut to $54), adding downward pressure on sentiment for some traders. Autonomous lowers PT

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.