Bank of America (NYSE:BAC) Upgraded at HSBC

Bank of America (NYSE:BAC) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday,Finviz reports. The brokerage presently has a $57.00 target price on the financial services provider’s stock. HSBC’s target price points to a potential upside of 16.98% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. TD Cowen dropped their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Finally, Piper Sandler raised their target price on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Bank of America Price Performance

Shares of BAC stock opened at $48.73 on Wednesday. The company has a market capitalization of $348.17 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.15 and a beta of 1.28. The company’s 50-day simple moving average is $50.85 and its two-hundred day simple moving average is $52.25. Bank of America has a one year low of $33.06 and a one year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, equities analysts anticipate that Bank of America will post 3.7 EPS for the current year.

Insider Buying and Selling at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last quarter. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Bank of America

A number of hedge funds and other institutional investors have recently bought and sold shares of BAC. Permanent Capital Management LP purchased a new position in Bank of America in the 3rd quarter worth $649,000. Meridian Wealth Management LLC grew its stake in Bank of America by 54.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 20,591 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in shares of Bank of America by 15.9% in the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after purchasing an additional 86,290 shares during the period. World Equity Group Inc. raised its stake in shares of Bank of America by 21.8% in the third quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 13,119 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Bank of America in the third quarter worth about $482,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Jefferies highlights a favorable net interest income outlook for Bank of America — the firm projects 5%–7% net interest income growth over the next five years as fixed-rate assets reprice, supporting earnings power and dividend capacity. Jefferies Touts Bank of America Corporation (BAC) Interest Income Outlook
• Positive Sentiment: Wells Fargo issues a Buy on BAC — another large-bank analyst upgrade provides validation for BAC’s franchise and likely supports buying interest from institutional investors. Bank of America (BAC) Receives a Buy from Wells Fargo
• Positive Sentiment: Royal Caribbean partners with Bank of America to launch tri‑branded Royal ONE credit cards — this deal expands consumer card volumes, co‑brand revenue and potential customer engagement for BAC’s consumer‑payments business. ROYAL CARIBBEAN GROUP ENHANCES TRAVEL LOYALTY, PARTNERS WITH BANK OF AMERICA TO LAUNCH ROYAL ONE™ AND ROYAL ONE PLUS™ CREDIT CARDS
• Positive Sentiment: Regulatory tailwind: reports that the Fed is set to loosen certain capital rules could boost big banks’ ability to lend and return capital, a structural benefit for large, diversified lenders like BAC. Fed Set to Loosen Capital Rules: A Boost for Goldman’s Expansion
• Neutral Sentiment: Debate over relative bank picks — coverage comparing JPMorgan and Bank of America as top banking stocks for 2026 signals sector interest but is not a direct catalyst for BAC’s fundamentals. JPMorgan or Bank of America: Jefferies Names the Top Banking Stock to Buy for 2026
• Neutral Sentiment: Valuation conversation: articles questioning whether BAC is attractively priced after recent weakness provide context for investors weighing entry points, but they summarize metrics rather than new fundamental changes. Is Bank Of America (BAC) Attractively Priced After Recent Share Price Weakness?
• Negative Sentiment: Large shareholder selling: filings and reporting indicate Warren Buffett/Berkshire reduced its Bank of America stake materially in recent quarters — that sizable selling pressure from a marquee holder can weigh on sentiment and supply/demand dynamics. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake and Piling Into One of the Hottest Oil Stocks on Wall Street
• Negative Sentiment: Security incident probe: French authorities are investigating a thwarted bomb attempt outside a Bank of America location, raising short‑term operational and reputational concerns (limited direct financial impact but a headline risk). ‘They use proxies’: France probes possible Iran link to thwarted bomb attack outside of a Bank of America

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.