Bank of America (NYSE:BAC) had its target price lifted by investment analysts at The Goldman Sachs Group from $65.00 to $67.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 28.36% from the stock’s current price.
A number of other research analysts have also commented on the company. Piper Sandler upped their price target on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Erste Group Bank upgraded shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Royal Bank Of Canada upped their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.
Check Out Our Latest Analysis on Bank of America
Bank of America Stock Up 0.3%
Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of America will post 3.7 EPS for the current year.
Institutional Trading of Bank of America
Several institutional investors and hedge funds have recently made changes to their positions in BAC. Brighton Jones LLC raised its position in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after acquiring an additional 25,143 shares during the period. Sivia Capital Partners LLC increased its stake in Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 6,174 shares in the last quarter. Lazari Capital Management Inc. increased its stake in Bank of America by 5.1% in the second quarter. Lazari Capital Management Inc. now owns 99,873 shares of the financial services provider’s stock valued at $4,726,000 after purchasing an additional 4,836 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in Bank of America by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 25,185 shares of the financial services provider’s stock worth $1,192,000 after purchasing an additional 273 shares during the period. Finally, Independence Bank of Kentucky boosted its position in shares of Bank of America by 12.4% during the second quarter. Independence Bank of Kentucky now owns 51,301 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 5,651 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.
Key Headlines Impacting Bank of America
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: MarketBeat / analysis pieces argue BAC’s pullback has left it at an attractive, below‑market P/E and many sell‑side firms still see ~25%+ upside, supporting buying interest. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
- Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and reiterated a Buy, a bullish signal that can drive demand. Goldman Sachs raises price target
- Positive Sentiment: Disclosure that Flutter Entertainment holds a major stake in Bank of America signals institutional buying/interest from an unexpected investor type, which can be supportive for the stock. Flutter Entertainment reveals major Bank of America stake
- Neutral Sentiment: Bank of America is hosting/anchoring conferences (e.g., Bank of America Securities Financial Services Conference) where firms present — normal industry activity that increases visibility but has limited immediate impact on BAC’s fundamentals. GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference
- Neutral Sentiment: Analyst writeups (Zacks, TipRanks, Yahoo roundup) highlight BAC’s Q4 loan mix (commercial strength) and analyst target ranges — useful for investors but largely reiterative. What Are Wall Street Analysts’ Target Price for Bank of America Stock?
- Neutral Sentiment: BofA research calls (gold to $6,000, AI chip stock picks) keep the bank in headlines for macro/sector views; these are reputation/flows items but not direct drivers of BAC’s near‑term earnings. Bank Of America Calls For $6,000 Gold In 2026
- Negative Sentiment: Daiwa trimmed its price target from $66 to $62 (though it kept a Buy rating), a signal that some analysts are moderating estimates — can cap near‑term upside. Daiwa lowers price target
- Negative Sentiment: Regulatory risk: coverage about BAC evaluating new 10% credit‑card offerings and broader discussion of a proposed 10% cap on card APRs remain a material earnings risk for consumer‑finance income if enacted. Bank of America evaluates new credit cards with 10% rate
- Negative Sentiment: Recent pullback appears partly macro/driven (risk‑off/geopolitical headlines); that broader sentiment, not BAC fundamentals, has pressured the stock and could keep volatility high. BAC stock profile
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.
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