Daiwa Capital Markets Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price

Bank of America (NYSE:BAC) had its price objective lowered by equities research analysts at Daiwa Capital Markets from $66.00 to $62.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. Daiwa Capital Markets’ target price would indicate a potential upside of 19.64% from the company’s previous close.

BAC has been the topic of several other research reports. Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Truist Financial lowered their price target on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Ameriprise Financial raised Bank of America to a “buy” rating in a research note on Wednesday, October 22nd. Finally, Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

Bank of America Trading Down 0.7%

BAC opened at $51.82 on Tuesday. 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’s 50 day moving average price is $54.08 and its 200-day moving average price is $51.47. Bank of America has a one year low of $33.06 and a one year high of $57.55. The stock has a market cap of $378.44 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.27 and a beta of 1.29.

Bank of America (NYSE:BAC) last issued its quarterly 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 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 quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. On average, equities analysts forecast that Bank of America will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BAC. Davis Rea LTD. lifted its stake in shares of Bank of America by 1.7% during the 4th quarter. Davis Rea LTD. now owns 271,116 shares of the financial services provider’s stock worth $14,911,000 after purchasing an additional 4,486 shares during the last quarter. Cora Capital Advisors LLC raised its holdings in Bank of America by 14.6% in the fourth quarter. Cora Capital Advisors LLC now owns 7,642 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 972 shares in the last quarter. Gold Investment Management Ltd. lifted its position in shares of Bank of America by 0.3% during the fourth quarter. Gold Investment Management Ltd. now owns 88,689 shares of the financial services provider’s stock valued at $4,878,000 after buying an additional 250 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Bank of America by 5.5% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 10,939 shares of the financial services provider’s stock valued at $602,000 after buying an additional 566 shares in the last quarter. Finally, Cadinha & Co. LLC purchased a new position in shares of Bank of America in the 4th quarter worth approximately $202,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America News Roundup

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

• Positive Sentiment: MarketBeat highlights BAC’s low P/E and multiple analyst buy calls pointing to roughly 20–25% upside, arguing the recent pullback looks macro-driven and that the stock’s valuation is increasingly attractive to buy‑the‑dip investors. Read More.
• Positive Sentiment: Short interest fell materially in January (about a 12.4% drop vs. Dec), leaving a low short-float (~1.1%) and a short-interest ratio ~1.8 days — less short pressure can reduce downside volatility and supports mean reversion.
• Positive Sentiment: BofA disclosed an increased stake in Flutter Entertainment, signaling active capital deployment and potential upside from strategic investments outside core banking operations. Read More.
• Neutral Sentiment: BofA will match a U.S. government pilot $1,000 contribution to “Trump Accounts” for eligible employees per an internal memo — an HR/benefits item with limited direct financial impact but potential reputational consideration. Read More.
• Neutral Sentiment: BofA research remains active (notes on Meta, Seagate, AI supply chain names). Analyst activity supports trading flow but these are research calls rather than company fundamentals. Read More.
• Negative Sentiment: Some analysts trimmed near-term price targets while keeping bullish ratings — headlines saying targets were cut (even modestly) can sap momentum and justify short-term selling. Read More.
• Negative Sentiment: BofA’s own Bull & Bear Indicator flashed a “hyper‑bull” reading (per the fund manager survey); historically that signal has preceded market corrections, which raises macro risk for cyclical names like banks. Read More.

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.