Bank of America (NYSE:BAC) had its target price decreased by analysts at The Goldman Sachs Group from $67.00 to $57.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target points to a potential upside of 18.51% from the company’s previous close.
Several other equities analysts also recently commented on BAC. Erste Group Bank downgraded shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Wells Fargo & Company increased their target price on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley dropped their price target on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.87.
View Our Latest Report on Bank of America
Bank of America Stock Performance
Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts anticipate that Bank of America will post 3.7 earnings per share for the current year.
Insider Activity
In other news, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Bank of America
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Bank of America by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock valued at $35,809,225,000 after acquiring an additional 23,351,183 shares during the last quarter. Capital World Investors lifted its holdings in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after acquiring an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new stake in shares of Bank of America in the 2nd quarter valued at approximately $5,091,641,000. Bank of New York Mellon Corp boosted its stake in shares of Bank of America by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after purchasing an additional 2,929,779 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Bank of America by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.
Key Bank of America News
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Zacks notes BAC outperformed the broader market (stock climbed ~1.3% in the cited session), highlighting relative-strength trading interest that likely helped the stock today. Bank of America (BAC) Ascends While Market Falls: Some Facts to Note
- Positive Sentiment: Zacks also flags BAC as a compelling dividend name, which supports demand from income-focused investors and can underpin multiple stability during market pullbacks. Bank of America (BAC) is a Top Dividend Stock Right Now: Should You Buy?
- Neutral Sentiment: Bank of America filed its 2025 Form 10-K with the UK National Storage Mechanism — a routine regulatory disclosure that reduces information uncertainty but is unlikely to move the stock materially by itself. Bank of America Files 2025 Form 10-K with UK National Storage Mechanism
- Neutral Sentiment: BofA Securities remains active in research — issuing upgrades/coverage on AI and tech names (Nebius initiation, CoreWeave upgrade, bullish takes on Dell/Oracle/ASML/Apple supply-chain checks). This highlights the bank’s research footprint but is only an indirect driver of BAC’s valuation. Nebius Operating Margin Turns Positive In FY27: Analyst
- Negative Sentiment: Goldman Sachs trimmed its price target on BAC from $67 to $57 (maintaining a Buy). A lower target from a major bank analyst can pressure sentiment and cap near-term upside. Benzinga coverage of price target change
- Negative Sentiment: WSJ coverage notes private-credit strains and software-exposed funds creating risks/opportunities for big banks — a reminder that credit-book deterioration or mark-to-market swings in loan exposure remain a sector-level headwind. Big Banks Are Playing Both Sides of the Private Credit Meltdown
- Negative Sentiment: Sector credit signals: Citigroup reports stable delinquencies but rising charge-offs in cards — a cautionary datapoint for bank loan performance that investors will watch across the group, including BAC. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise in February
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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