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

Bank of America (NYSE:BAC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Phillip Securities increased their price objective on Bank of America from $50.00 to $56.00 in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of Bank of America from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wells Fargo & Company boosted their target price on shares of Bank of America from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Piper Sandler increased their price target on shares of Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Bank of America Stock Performance

NYSE:BAC opened at $56.20 on Friday. The firm has a market capitalization of $410.36 billion, a PE ratio of 15.31 and a beta of 1.30. Bank of America has a 1 year low of $33.06 and a 1 year high of $56.55. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The firm’s fifty day simple moving average is $53.45 and its 200 day simple moving average is $50.26.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. On average, sell-side analysts anticipate that Bank of America will post 3.7 EPS for the current year.

Institutional Trading of Bank of America

Institutional investors have recently made changes to their positions in the business. Riverview Capital Advisers LLC grew its stake in shares of Bank of America by 4.2% in the 3rd quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 188 shares during the period. Shepherd Financial Partners LLC boosted its stake in Bank of America by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after buying an additional 189 shares in the last quarter. William B. Walkup & Associates Inc. grew its position in Bank of America by 1.4% in the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 192 shares during the period. Albion Financial Group UT raised its stake in Bank of America by 1.6% during the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 205 shares in the last quarter. Finally, Motive Wealth Advisors lifted its holdings in shares of Bank of America by 3.6% during the third quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 205 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Bank of America

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

• Positive Sentiment: Analysts collectively rate BAC as a “Moderate Buy,” supporting demand from institutional investors and reinforcing bullish sentiment. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several retail-investor pieces argue BAC is a buy/hold for 2026, citing market-share opportunities (weak regional banks), growing consumer banking and investment services, and scale advantages that can lift earnings. Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Positive Sentiment: Analysis suggests BAC’s NII trough may be passing, which would support margin recovery if loan volumes and yields stabilize — a potential catalyst for earnings upside. Bank of America: The NII Trough May Be A Turning Point
• Positive Sentiment: Price‑target/forecast pieces note strong YTD performance and recovery from 2025 lows, offering bullish medium‑term projections that can support investor confidence. Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: Unusual options activity has been reported on BAC — signals elevated positioning but ambiguous on direction; watch for large block trades or concentrated strikes that could drive short-term moves. Bank of America Unusual Options Activity
• Neutral Sentiment: Analyst blogs comparing big banks (Wells, BAC, Citi) note these lenders stand to benefit from eventual Fed rate cuts via loan growth and fee income — a tailwind that’s timing‑dependent. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Neutral Sentiment: Company consumer-research (Gen Z “treat culture”) and media coverage are informative for card/consumer spend trends but are unlikely to move the stock materially on their own. Gen Z spends hundreds a month on ‘treat culture,’ justifying it with the challenges of daily life—but that’s a ‘slippery slope,’ Bank of America says
• Neutral Sentiment: Broader fintech/market moves (e.g., Robinhood product pushes) are mentioned in industry coverage and can shift payment or custody fee dynamics over time, but immediate impact on BAC is uncertain. Robinhood’s NFL Parlay Push Could Turn Prediction Markets Into a Real Revenue Engine (BAC)

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.