Bank of America FY2026 EPS Raised by Erste Group Bank

Bank of America Corporation (NYSE:BAC) – Equities researchers at Erste Group Bank raised their FY2026 earnings per share estimates for Bank of America in a report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings of $4.53 per share for the year, up from their prior estimate of $4.47. The consensus estimate for Bank of America’s current full-year earnings is $4.64 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $5.13 EPS.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 19.6% compared to the same quarter last year.

Several other analysts also recently weighed in on BAC. Robert W. Baird lifted their target price on shares of Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore set a $63.00 price objective on shares of Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. HSBC lifted their price objective on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Royal Bank Of Canada increased their target price on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $63.77.

Bank of America Stock Performance

NYSE:BAC opened at $61.18 on Friday. The firm’s fifty day moving average price is $55.30 and its 200 day moving average price is $53.15. Bank of America has a 1-year low of $44.75 and a 1-year high of $62.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.81. The firm has a market cap of $434.16 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

Insider Activity at Bank of America

In related news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider owned 1,373,397 shares in the company, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ballast Inc. lifted its position in shares of Bank of America by 65.6% during the 2nd quarter. Ballast Inc. now owns 14,875 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 5,894 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in shares of Bank of America by 4.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 14,073 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 564 shares during the period. Tema ETFs LLC grew its holdings in shares of Bank of America by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 136,391 shares of the financial services provider’s stock worth $7,772,000 after acquiring an additional 13,195 shares during the period. GenWealth Group Inc. purchased a new position in Bank of America in the 2nd quarter valued at approximately $206,000. Finally, Dagco Inc. raised its holdings in Bank of America by 337.2% during the second quarter. Dagco Inc. now owns 9,330 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 7,196 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Key Bank of America News

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

• Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026
• Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page
• Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines
• Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo

Bank of America Company Profile

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.